Just as the Oklahoma Corporation Commission was prepared to initiate a new system of additional credit cards for payments, it stumbled. The state regulators announced Wednesday that the system modifications to allow the acceptance of additional credit cards ran into some technical problems upon deployment. The system modifications have been reversed and will be redeployed after …
Williams announced its unaudited financial results for the three and six months ended June 30, 2019 showing strong second quarter 2019 results compared with those of the second quarter of 2018. The company showed net income of $310 million for the quarter which was $175 million or 130% higher than a year ago. The year to date net income …
Refinery operator HollyFrontier Corporation reported second quarter net income fell compared to a year ago but adjusted earnings increased. The income attributable to HollyFrontier stockholders totaled $196.9 million, or $1.15 per diluted share, for the quarter ended June 30, 2019, compared to $345.5 million, or $1.94 per diluted share, for the quarter ended June 30, …
Oklahoma City’s LSB Industries, Inc. announced that its President & Chief Executive Officer, Mark Behrman will be participating in the Jefferies Industrials Conference on Wednesday, August 7, 2019 at 11:30 am ET, in New York City. LSB Industries, Inc., headquartered in Oklahoma City, Oklahoma, manufactures and sells chemical products for the agricultural, mining, and industrial …
Democratic hopefuls once again only discussed their climate plans briefly Tuesday night, but the discussion managed to span issues including the Flint, Mich., drinking water crisis to a declaration by Sen. Bernie Sanders that the fossil fuel industry is criminal. “We’ve got to ask ourselves a simple question: What do you do with an industry that willingly, for …
U.S. Sens. Jim Inhofe (R-Okla.) and John Boozman (R-Ark.), along with Governors Kevin Stitt (R-Okla.) and Asa Hutchinson (R-Ark.), announced provisions in America’s Transportation Infrastructure Act that outline the future for modernizing the McClellan-Kerr Arkansas River Navigation System. These provisions will open up $250 million in non-highway formula funding for Oklahoma to use for MKARNS and …
ConocoPhillips reported second-quarter 2019 earnings of $1.6 billion, or $1.40 per share, compared with second-quarter 2018 earnings of $1.6 billion, or $1.39 per share. Excluding special items, second-quarter 2019 adjusted earnings were $1.1 billion, or $1.01 per share, compared with second-quarter 2018 adjusted earnings of $1.3 billion, or $1.09 per share. The company stated that …
Halliburton Company, the company founded in Oklahoma 100 years ago announced the execution of an integrated services contract with Petrobras for pre-salt development in the Santos Basin off the coast of Brazil. The two-year and six month contract will provide drilling and completion services to drive greater efficiency by applying pre-salt expertise and integrating multiple …
Like most of the pipeline companies, Kinder Morgan (KMI) continues to fight legal and regulatory battles to build its pipelines. Recently, the company sued the city of Kyle, Texas, for passing an ordinance that hampers its Permian Highway Pipeline project. Previously, Travis Mitchell, the city’s mayor, and other opponents of the Permian Highway Pipeline sued Kinder …
ALLETE, Inc., the Minnesota energy company building its largest wind power site in southern Oklahoma reported this week second quarter 2019 earnings of 66 cents a share on net income of $34.2 million. The results were better than last year when the earnings were 61 cents a share on net income of $31.3 million. “We …