Awaiting Federal Trade Commission review of its proposed more than $7 billion merger with Southwestern Energy, Oklahoma City’s Chesapeake Energy is moving ahead with its annual shareholders meeting. However, shareholders at their Thursday, June 6, 10 a.m. central time virtual meeting will not be asked to vote on the proposed merger which is an …
Second quarter earnings came in below expectations at Tulsa’s Helmerich & Payne and company leadership blames a weak natural gas market. The company reported second quarter net income of $85 million or 84 cents a share from operating revenues of $688 million. It was below the $95 million and 94 cents a share from …
** Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil company, which is in the process of closing a $60 billion deal for top shale oil producer Pioneer Natural Resources, posted first-quarter earnings …
Texas oil billionaire Rod Lewis and a company he started, LNG Energy Group have announced a deal to rehabilitate five aging oil fields in Venezuela. The agreement came just days after the Biden administration reimpose sanctions that had been in place against the country. The Associated Press reported LNG was awarded contracts by state-run …
A bill to fund $50 million in repairs and improvements to the Arkansas River Levee Systems was sent to the Governor this past week. The State Senate approved the measure on a vote of 36-6. Sen. Cody Rogers, R-Tulsa was the author of the bill. “The Army Corps of Engineers has determined that the …
As crude oil prices gained about 1% in Thursday’s trading, Oklahoma energy stocks were mixed while a few had losses ranging from 5% to 7%. Crude rose after Israel stepped up airstrikes on Gaza’s Rafah and caused concern the fighting might interfere in the movement of crude out of that part of the world. West …
AARP Oklahoma made it clear this week, it will not stop fighting the rate hikes of utilities in the state. OG&E and PSO can expect a battle before the Oklahoma Corporation Commission. Oklahoma State Director Sean Voskuhl told members during a Thursday Facebook presentation, it’s like a “whack-a-mole” fight. “We’ve been fighting unfair utility …
A new report from the Federal Reserve Bank of Kansas City stated that manufaturing activity in the Tenth District which includes Oklahoma fell again in April. Chad Wilkerson, senior vice president at the bank said based on the survey of companies in the region, it appears expectations for future ativity remained flat. Company leaders …
The same week Oklahoma State Auditor Cyndi Byrd released a report that was highly critical of the Office of Management and Enterprise Services, a bill designed to put more restrictions on OMES was passed in the legislature and sent to the Governor. House Bill 3057 is now in the hands of Gov. Kevin Stitt. …
Crypto miners in Arkansas are being targeted by state legislators. The Arkansas Senate voted this week in support of two bills to regulate cryptocurrency mining operations in the state. One measure, SB78, would place noise limits on crypto mines. It would also prohibit them from being owned by foreign companies and let local governments …
