After all the talk from other OPEC producers, the one that counts won’t commit to caps or cuts creating a mixed day for crude contracts. March West Texas Intermediate crude on the New York Mercantile Exchange added eleven cents to settle at $30.77 a ba…
CVR Refining which owns the Wynnewood Refining Company reported a net income dropped to $291.2 million in 2015 compared to 2014’s net income of $358.7 million. Net sales in 2015 totaled nearly $5.2 million dollars.
While a profit is welcome during the…
With a 25 percent increase in fourth quarter earnings and a 22 percent jump in full year earnings, Williams Cos. based in Tulsa is pushing ahead with its planned merger with Dallas-based Energy Transfer Equity. However, the company also reported …
Thousands might have been let go in the past several months in the nation’s energy sector, including the 1,000 this week at Oklahoma City-based Devon Energy, but some companies are pushing ahead with multi-million dollar acquisitions.
The latest…
On the same day Devon Energy released its financial earnings reports and started layoffs of 1,000 workers, the company also made an upsized public offering of 69,000,000 shares of its common stock at a price to the public of $18.75 a share. At th…
Nearly $10 million in grants for nine projects in eight states to upgrade and increase the safety of railroad crossings along energy routes have been announced by the Federal Railroad Administration. The grants will go to California, North Dakota, Wisc…
Changes in the executive leadership at Devon Energy Corp. and ConocoPhillips were announced this week. The Devon announcements were lost in the news that the company laid off 700 workers at its headquarters and 1,000 company wide.
Darryl Smette…
Billionaire George Soros doesn’t like what he sees financially in Oklahoma City-based Chesapeake Energy and this week dumped his shares in the company.
The founder of Soros Fund Management LLC also withdrew stakes in Chevron Corporation and NRG …
The layoffs of at least 700 workers at Devon Energy’s headquarters in downtown Oklahoma City should be complete by week’s end. But the total number of layoffs in the company will be 1,000 and another 600 could be affected when the energy company …
Oklahoma Secretary of Transportation Gary Ridley says if the legislature approves a bill approved in Senate committee to remove nearly $60 million from the State’s road and bridge fund, it will devastate the Department’s 8-year road improvement plan.
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