Williams is remembering and honoring former chairman and CEO Joseph H. “Joe” Williams, who died April 27, 2023, at age 89 in South Carolina. Williams spent 35 years at Williams, the last 15 as chairman and chief executive officer. The son of David Williams, one of the original co-founders of Williams, he followed …
Oklahoma’s oil patch numbers fell over the past week
Oklahoma’s activity in the oil patch continues to slide downward even as the nation’s rig count grows, according to the latest figures released by Baker Hughes Co. Oklahoma’s rig county fell by 3 in the past week, reaching a total of 53. The most recent count is only slightly more than a year ago …
Emergency EPA ruling allows E15 sales during summer driving
Drivers in Oklahoma and other states will be allowed this summer to buy gasoline with 15% ethanol as a result of an emergency move made Friday by the Biden administration. It means the lower-cost fuel will be available for the summer driving season as the EPA said the emergency waiver allows summer sales of …
Crude made 2% gain on Friday while OK energy stocks rebounded 5% and 6%
Crude oil prices managed a 2% gain on Friday and Oklahoma energy stocks saw 5% and 6% increases for the day after most energy firms posted positive earnings and crude output in the U.S. was declining while fuel demand grew. West Texas Intermediate crude went up $2.02 a barrel or 2.7% to finish at …
Mancamp provider reports 1Q loss
Mancamp provider Civeo Corporation reported first quarter revenues of nearly $168 million but at the same time a net loss of $6.4 million or 42 cents a share. The Canadian based company, with an operation in El Reno, Oklahoma, recorded adjusted EBITDA of $20.2 million and negative free cash flow of $2.1 million. The …
Quarterly dividend declared by Alliance Resource Partners
A quarterly cash dividend was announced by Alliance Resource Partners, L.P. in Tulsa prior to the release of its quarterly financial report. The Board of Directors approved a cash distribution of $0.70 per unit which figures into an annual rate of $2.80 per unit. The distribution will be payable on May 15 to all …
Quarterly dividend declared by Cheniere Energy
Cheniere Energy, Inc., the Houston company with a major natural gas line through Oklahoma’s STACK and SCOOP plays announced quarterly cash dividend. The Board of Directors approved a dividend of $0.395 per common share payable on May 17 of this year to shareholders of record as of the close of business on May 10, …
Texas legislature approves bill to create higher registration fees for electric vehicles
Under a bill approved by the legislature and sent to Texas Gov. Greg Abbott is a proposed law creating higher annual registration fees for electric vehicles. The bill would impose an annual $200 feet for the registration or renewal of an EV and another $400 to register a new electric vehicle according to Fox …
Annual meeting approaches for Chesapeake Energy
Chesapeake Energy Corporation’s annual meeting has been set for Thursday, June 8 and it will be totally a virtual meeting. Starting at 10 a.m. Central Time, the meeting agenda includes the usual selection of members to the board of directors, the approval of executive officer compensation, frequency of advisory votes for such compensation, and …
Mammoth Energy records 87% gain in 1Q total revenue
Mammoth Energy’s first quarter proved to a strong one for the Oklahoma City-based company as it reported total revenue was up 87%, reaching $116.3 million. It compared to $62.3 million recorded a year earlier. The more than $116 million was also a 13% improvement over the fourth quarter 2022 total revenue of $102.9 million …