The partnership of 17 energy companies, including Oklahoma City’s Devon Energy that pledged $100 million to help towns and residents in the Permian Basin of West Texas and New Mexico will be held by former U.S. Commerce Secretary Don Evans. The Permian Strategic Partnership was formed late last year to help the towns in the …
Tulsa-based Williams will unveil its fourth-quarter and full-year 2018 financial results in a few weeks. The company plans to release the results after the close of markets on Wednesday, Feb. 13, 2019. Company management will also hold a conference call and webcast with analysts and investors the next morning at 8:30 a.m. Central Time, Feb. …
The international energy company, Schlumberger Limited reported a drop in fourth quarter earnings but stated that its full year revenue was up 8 percent. A firm with major operations in Oklahoma, Schlumberger reported full year revenue of $32.8 billion while the fourth quarter revenue of $8.2 billion was down 4 percent. Still, the company approved …
Chesapeake Energy’s declared a dividend for the fourth quarter on some of its preferred stock. The Board of Directors made the move in an announcement on Friday, Jan. 18. The largest payout will involve more than 2,558,900 shares. 4.50% 5% 5.75% 5.75% (Series A) NYSE Symbol CHK Pr D N/A N/A N/A Date of …
The 35-year old Chinese national accused last month of stealing trade secrets from Phillips 66 where he worked in Bartlesville has been formally indicted by a Tulsa federal grand jury. The indictment was announced Thursday by the U.S. Attorney in Tulsa against Hongjin Tan who is accused of the theft of trade secrets, the unauthorized …
We’ve previously carried stories about the oath taken by Oklahoma Corporation Commissioners—how it refers to steam boats, sleeping car lines, telegraph lines and even canals. Commissioner Bob Anthony, who took his 6th such oath on Monday thinks it’s obviously outdated, but he still swears to the oath, because in his opinion, it’s the constitution. And …
One of Gulfport Energy Corps.’s major investors, Firefly Value Partners is urging the Oklahoma City company to begin a $500 million buyback program. In a letter sent this week to Gulfport Energy directors, the New York City-based hedge fund’s leaders also urged the firm to sell its 22 percent ownership in Oklahoma City-based Mammoth Energy …
A correction to our story this week about the acquisition of shares made by David E. Rainbolt, a director at Oklahoma Gas and Electric. We reported he had acquired 317,703 shares valued at $12,500,000. But it should have been an acquisition of 317,703 shares valued at $12,500. Each share was valued at $39.72. The filing …
Plans call for the demolition of Oklahoma Gas Electric Company’s Energy data center in Oklahoma City sometime in April. The building at SW 5 and E.K. Gaylord will be destroyed as part of Oklahoma City’s plans to build a new convention center as well as 17-story, 605-room Omni hotel. A 865-space garage will replace the …
A new analysis of energy costs in Kansas suggests Kansas consumers are paying more for electricity than their neighbors in Oklahoma and other states because of the state investments in coal and wind power. In short, alternative energy costs money and consumers are paying for it with higher bills. The analysis by the Kansas …