Anyone with shares in OGE Energy Corp. received third quarter earnings of $1.02 a share according to the earnings report announced by the company on Thursday. Net earnings totaled $205 million, up from the $183 million reported a year earlier. The earnings were up from the 92-cents a share reported for the third quarter of …
Oklahoma City’s Devon Energy reported third quarter net earnings of $2.5 billion or $5.14 per diluted share. Adjusted cored earnings came to $324 million or 65 cents a share, more than the estimates of analysts. The company stated that it’s operating cash flow totaled $807 million or 61 percent more than the third quarter …
Tough as Nails. Sharp as a Tack. That’s how Leslie Osborn’s campaign website described her as she ran for Oklahoma Labor Commissioner. She’ll soon be in charge of the Labor Department, enforcing laws and regulations against energy companies across the state, whether they’re in the oil and gas industry, wind, coal or others. The former …
Marathon Oil’s latest STACK success might be good reason the Houston company reported this week a $254 million net profit in the third quarter. The company also filed completion reports showing three wells drilled on a single pad north of Greenfield in Blaine County, 3 15N 11W, had production of 1,347 Boed, 1,212 Boed …
Colorado wasn’t the only state where environmentalists lost at the polls. Voters in Arizona soundly rejected Proposition 127, an issue that would have forced electric companies to get half of their energy from renewable sources by 2030. “Arizonans support clean energy, but not costly, politically driven mandates,” said Matthew Benson, chairman of the opposition group …
Oklahoma City’s Enable Midstream Partners, LP announced its third quarter earnings on Wednesday, showing net income was $138 million, an increase of $25 million compared to the $113 million reported in the third quarter of 2017. Net cash from operating activities came to $233 million which was up $59 million from a year earlier. Adjusted …
Baker Hughes announced Wednesday that the Baker Hughes international rig count for October 2018 was 1,017, up 13 from the 1,004 counted in September 2018, and up 66 from the 951 counted in October 2017. The international offshore rig count for October 2018 was 207, up 3 from the 204 counted in September 2018, and …
State environmental regulators say they have discovered lead and copper level issues in a Norman elementary school. The Oklahoma Department of Environmental Qualified notified the school district that lead and copper levels are too high in the Washington Elementary school. In announcing the problem, the DEQ said five samples were taken during a routine sampling …
One of Oklahoma’s Republican congressmen who is a voice for the energy industry in the U.S. House won re-election on Tuesday. Second District U.S. Rep. Markwayne Mullin was easily sent back to the House with 65% of the votes. He is a member of the House Energy and Commerce Committee and defeated Democrat Jason Nichols, …
Houston’s Key Energy Services reported third quarter 2018 revenues of nearly $135 million but a net loss of about $24 million or $1.18 a share. The company has major operations in Oklahoma and reported the consolidated revenues totaled $134.7 million while the net loss was $23.9 million. But it also indicated there were gains of …