Nine Energy Service, Inc., the Houston-based firm with offices in Enid, Hennessey and Shawnee, Oklahoma reported second quarter 2018 revenues of $205.5 million. The earnings report released Monday showed net income of $9 million and adjusted EBITDA of $30.6 million. The second quarter 2018 revenues were up 18% compared to the first quarter of the …
Would you like to test drive an electric car or motorcycles? In conjunction with National Drive Electric Week, the Association of Central Oklahoma Governments (ACOG) is raising awareness of today’s availability of all-electric and plug-in hybrid-electric cars, motorcycles and more. The event will be held on Saturday, September 8, 2018 from 11:00 a.m. until 2:00 …
Oklahoma State Treasurer Ken Miller is out with his monthly treasurer’s report, one showing how the state has recovered economically over the past fiscal year. That’s good reason for him to smile a lot more these days. Gross Receipts totaled $12.2 billion, while the General Revenue Fund increased as well thanks in part to a …
Oklahoma City-based OGE Energy Corp., the parent company of Oklahoma Gas and Electric Company and holder of 25.6 percent limited partner interest and 50 percent general partner interest in Enable Midstream Partners, LP, reported earnings of $0.55 per diluted share for the three months ended June 30, 2018, compared to $0.52 per diluted share for the second quarter of 2017. …
When Elon Musk speaks, people listen. The CEO, co-founder and product architect of Tesla, Inc. continues his unconventional approach to running his beloved electric vehicle empire. As news spread on Tuesday about Musk’s desire to take the company private at $420 per share in order to better serve the company’s long term interests, six members …
Is it time for a convergence of the three separate power grids creating the U.S. electric transmission network? According to a recent article published by David Wagman in IEEE Spectrum, the results of a seam study finds considerable economic and engineering value in fortifying the connections to better distribute power resources around the country. The …
In the far northwest Colorado city of Steamboat Springs, Interior Secretary Ryan Zinke will be welcomed by critics and supporters alike on Friday. Based on stories in the Steamboat Pilot and Today newspaper, some see the former Montana congressman as “embattled” while others see him as an important member of President Trump’s cabinet. However, it …
– SandRidge Energy, Inc. on Wednesday announced financial and operational results for the quarter ended June 30, 2018. For the second quarter, the Company reported a net loss of $34 million, or $0.97 per share, and net cash provided by operating activities of $26 million. After adjusting for certain items, the Company’s adjusted net loss amounted to …
Governor Mary Fallin on Wednesday announced she has appointed Robert A. “Bob” Peterson to the Oklahoma Transportation Commission. Peterson, of Tulsa, will replace Peter J. Regan, who has resigned. Regan, of Tulsa, was reappointed to the Transportation Commission by Fallin in 2011 and in 2016. Peterson will represent District 8, which covers the northeast part …
Houston based Key Energy Services, Inc. reported second quarter 2018 consolidated revenues of $144.4 million and a pre-tax GAAP loss of $16.7 million, or $0.84 per share. The results for the second quarter include expenses of $0.3 million, or $0.02 per share, associated with certain equity awards and gains on sale of assets of $0.7 …