As some Oklahoma legislative observers remind us, “nothing is dead in the legislature until sine die is declared” and such is the case for the wind farm setback bill, SB2. After the House of Representatives defeated the measure Tuesday evening on a 44-49 vote, it was resurrected Wednesday on a move by Rep. Trey …
Unit Corporation reported it had improved first quarter income of $17.9 million or $1.80 per share. It was improved over the $16.1 million or $1.61 per share reported a year ago. Total revenues for the Tulsa-based company were $63.5 million during the quarter, down slightly from the $67.2 million reported for the three …
Oklahoma-based Ascent Resources Utica Holdings, LLC announced its first quarter earnings which included $210 million in adjusted net income and adjusted EBITDAX of $430 million. Considered one of the largest private producers of natural gas in the United States with operations focused in southern Ohio, the Oklahoma City company also reported a net …
ConocoPhillips announced that W.L. (Bill) Bullock, executive vice president and chief financial officer, will retire from ConocoPhillips after 39 years of distinguished service. Andy O’Brien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Bill as chief financial officer, effective June 1, 2025. Andy will also retain responsibility for Strategy, Commercial …
Construction contracts totaling $1.7 billion were awarded this week to contractors to build the 800-mile electric transmission line called the Grain Belt Express, a project to carry southwest Kansas wind-generated electricity across Missouri, Illinois and to Indiana. Invenergy, the developer of the massive project awarded the contracts to Quanta Services of Houston and …
** The CEO of Diamondback Energy, Travis D. Stice, warned that tumbling oil prices will depress US crude output, predicting that American onshore production has peaked. Prices hit a four-year low on Monday, with WTI crude trading below $60 a barrel since the start of May. ** The Trump administration has denied federal assistance for …
Diamondback Energy CEO Travis D. Stice is out with an ominous warning about oil prices and production, claiming the U.S. oil industry is at a “tipping point.” And it is sure to get the attention of other producers. In a letter to shareholders, the head of the Texas company said the historic oil …
Southwest Power Pool’s board of directors approved an industry expert panel (IEP) recommendation for Transource Oklahoma, LLC with Transource Energy, LLC to build the Mathewson-to-Redbud transmission project. The proposed 38.4 mile 345-kilovolt line from the Mathewson substation to the Redbud substation in Oklahoma will cost an estimated $72 million to construct and is …
After a big day of improved oil prices on Tuesday, they fell more than 1% on Wednesday while Oklahoma energy stocks saw moderate gains for the day. Crude prices dropped ahead of this weeken’s U.S. and China trade talks. Brent crude fell 77 cents or 1.24% to close at $61.38 a barrel. West Texas …
Sen. Mark Mann, D-Oklahoma City, has filed legislation urging the Texas Legislature to continue funding its share for the Heartland Flyer after reports that the state was considering ending their support. The passenger rail service connecting Oklahoma City and Fort Worth could end within weeks without that appropriation. Operating costs for the Heartland …