Tulsa’s Unit Corporation reported an increase in oil and natural gas production in 2018 but it also lost net income in both the fourth quarter of 2018 and for all of 2018. Net loss attributable to Unit for the quarter was $77.8 million, or $1.49 loss per diluted share, compared to net income attributable to …
As OGE Energy Corp. reported an increase in net income for 2018 and a drop in earnings, leadership was calling it one of the best years in the history of the company. Earnings per average diluted share last year was $2.12 compared with $3.10 per share in 2017. In 2018, OG&E, a regulated electric utility, reported …
Democrats now in charge of the U.S. House Energy and Commerce committee aren’t letting up in their environmental claims and charges against the Trump Administration. The Committee leadership plans a Feb. 26 hearing on the Environmental Protection Agency’s enforcement program. The decision came after the EPA recently reported gains in some areas such as criminal …
Public Service Company of Oklahoma announced a $250,000 grant from the American Electric Power Foundation to help Weatherford’s Stafford Air & Space Museum reach its Legacy Campaign goal. The money raised during the campaign will fund a planned 18,000 square foot expansion of the museum. Tiffini Jackson, PSO vice president for external affairs, announced the …
While the oil and gas association viewed the figures from the Board of Equalization as a sign of too much dependency on the industry, Democrats in the legislature had a different take. House Minority Leader Emily Virgin of Norman saw it as affirming last year’s legislative move to raise taxes including those on oil and …
Tulsa’s Williams company announced the approval of a 38 cent a share dividend for investors. The board of directors said the $1.52 annualized dividend will be payable on March 25, 2019 to holders of record at the close of business on March 8, 2019. The new amount is an 11.8 percent increase from Williams’ first-quarter …
A quarterly dividend of about 37 cents a share was declared Wednesday by the Board of Directors at OGE Energy Corp. The dividend is for the second quarter of the company’s fiscal year. OGE Energy is the parent company of OGE which serves nearly 850,000 customers in Oklahoma and Western Arkansas. OGE also holds a …
The Board of Directors at Tulsa-based ONEOK Inc. has a new member. Mark W. Helderman with Connecticut-based Sasco Capital Inc., a mutual fund advisor was elected to the board on Tuesday. Helderman is a Managing Director and Portfolio Manager at Sasco Capital Inc. He joined the firm in 1997. Mr. Helderman is also a Portfolio …
The Oklahoma legislature will have nearly $38 million less to spend than forecast two months ago, a decision Wednesday that prompted an oil and gas industry spokesman to say it shows the legislature’s too reliant on a single industry. The Board of Equalization certified nearly $8.2 billion in state revenue for the 2019-2020 budget. It …
The family of an oilfield worker who died 3 years ago near Kingfisher claims the State Medical Examiner’s office failed to properly determine that his death was due to toxic vapors from oil. The body of Dennis Mason was found near his truck and a crude oil tank. Investigators suspected toxic vapors killed him …