Texas Panhandle

Statement from Xcel Energy regarding wildfires in the Texas Panhandle

Retrieved on: 
Thursday, March 7, 2024

Xcel Energy (XEL) issued the following statement regarding the wildfires in the Texas Panhandle:

Key Points: 
  • Xcel Energy (XEL) issued the following statement regarding the wildfires in the Texas Panhandle:
    Our thoughts continue to be with the families and communities impacted by the wildfires in the Texas Panhandle.
  • Xcel Energy has been cooperating with the investigations into the wildfires and has been conducting its own review.
  • Xcel Energy notes that the Windy Deuce fire reportedly impacted many structures in and around Fritch, Texas.
  • Statement from Bob Frenzel, Chairman, President and CEO of Xcel Energy:
    “Xcel Energy, through our Southwestern Public Service Company (SPS) subsidiary, has operated in the Texas Panhandle for more than 100 years.

Acacia Research Expands Oil and Gas Investments Through Benchmark Energy’s Transformative Acquisition in the Western Anadarko Basin

Retrieved on: 
Tuesday, February 20, 2024

The Acquisition is anticipated to expand the Benchmark portfolio, adding approximately 140,000 net acres and approximately 470 operated producing wells in the prolific Western Anadarko Basin throughout the Texas Panhandle and Western Oklahoma.

Key Points: 
  • The Acquisition is anticipated to expand the Benchmark portfolio, adding approximately 140,000 net acres and approximately 470 operated producing wells in the prolific Western Anadarko Basin throughout the Texas Panhandle and Western Oklahoma.
  • Kirk Goehring, Benchmark’s Chief Executive Officer, commented: “The acquisition of these assets represents a transformative moment in Benchmark Energy’s history and an important next step in our partnership with Acacia and McArron.
  • Further, the Assets’ proximity to Benchmark’s existing operations in Texas creates further potential to develop operational synergies of scale in the basin.
  • Additional details about the acquisition are included in a Form 8-K filed by Acacia today with the Securities and Exchange Commission.

Pivot Bio Donates Food and Supplies to Help Those Impacted by the Texas Panhandle Fires

Retrieved on: 
Thursday, February 29, 2024

AMES, Iowa, Feb. 29, 2024 /PRNewswire/ -- Pivot Bio, a leading sustainable agriculture company, announced that it is sending support to those affected by the devastating wildfires across more than 800,000 acres in the Texas Panhandle. The company has donated food and supplies directly to those impacted, and is partnering with Convoy of Hope, a nonprofit organization that leads disaster response including food and supplies to communities in need. Convoy of Hope is among the first to respond to the disaster, providing food and fire clean up kits to those impacted.

Key Points: 
  • The company has donated food and supplies directly to those impacted, and is partnering with Convoy of Hope, a nonprofit organization that leads disaster response including food and supplies to communities in need.
  • Convoy of Hope is among the first to respond to the disaster, providing food and fire clean up kits to those impacted.
  • "Convoy of Hope is extremely grateful for the generosity of Pivot Bio," said Ethan Forhetz, vice president of public engagement/national spokesperson at Convoy of Hope.
  • "This donation will go directly to families impacted, including farm families as they get back on their feet following the fire outbreak.

Unit Corporation Announces Completion of Texas Panhandle Asset Sale

Retrieved on: 
Thursday, December 14, 2023

On December 13, 2023, Unit Corporation (OTCQX: UNTC) (Company) completed the previously announced sale of certain non-core oil and gas assets in the Texas Panhandle (the “Divested Assets”) to a third party for net cash proceeds received at closing of $50 million, subject to customary post-closing adjustments pursuant to the terms of the purchase and sale agreement.

Key Points: 
  • On December 13, 2023, Unit Corporation (OTCQX: UNTC) (Company) completed the previously announced sale of certain non-core oil and gas assets in the Texas Panhandle (the “Divested Assets”) to a third party for net cash proceeds received at closing of $50 million, subject to customary post-closing adjustments pursuant to the terms of the purchase and sale agreement.
  • The Divested Assets consist of approximately 51,000 net acres in the Texas Panhandle held by the Company’s wholly owned subsidiary, Unit Petroleum Company (UPC).
  • UPC is retaining its core Granite Wash properties located in Roberts and Hemphill Counties, Texas.
  • Phil Frohlich, the Company’s Chief Executive Officer, stated, “This transaction is a great example of our strategy to prune our non-core assets and return value to our shareholders.”

Unit Corporation Declares Quarterly and Special Cash Dividends

Retrieved on: 
Friday, December 8, 2023

Unit Corporation (OTCQX: UNTC) (Company) announced today that its board of directors has declared the following cash dividends:

Key Points: 
  • Unit Corporation (OTCQX: UNTC) (Company) announced today that its board of directors has declared the following cash dividends:
    a quarterly cash dividend of $2.50 per share of common stock for the fourth quarter of 2023 to be paid on December 27, 2023, to shareholders of record as of the close of business on December 18, 2023;
    a special cash dividend of $15.00 per share of common stock to be paid on December 27, 2023, to shareholders of record as of the close of business on December 18, 2023; and
    a conditional special cash dividend of $5.00 per share of common stock to be paid on December 27, 2023, to shareholders of record as of the close of business on December 18, 2023 (Conditional Dividend).
  • The Conditional Dividend will only become payable if the Company closes its previously disclosed sale of certain of its oil and gas properties located in the Texas Panhandle on or before the record date.
  • If the sale does not close on or before the record date, the Conditional Dividend will not become payable, and the Company will have no obligation to pay such dividend.
  • Phil Frohlich, the Company’s Chief Executive Officer, commented, “We are pleased that our capital discipline combined with our efforts to reduce the Company’s expenses have allowed us to return value to our shareholders through these dividends.”
    The declaration and payment of any future dividend, whether fixed, special, or variable, will remain at the full discretion of the Company’s Board of Directors and will depend upon the Company’s financial position, results of operations, cash flows, capital requirements, business conditions, future expectations, the requirements of applicable law, and other factors that the Company’s Board of Directors finds relevant at the time of considering any potential dividend declaration.

TEC Forges Strategic Alliance with Swisher Electric Cooperative

Retrieved on: 
Friday, December 15, 2023

AUSTIN, Texas, Dec. 15, 2023 /PRNewswire/ -- Texas Electric Cooperatives (TEC) leadership has announced a new sole source alliance with Swisher Electric Cooperative (SEC). Incorporated in 1939, SEC serves members in the Texas Panhandle, including Swisher, Hale, Briscoe, Castro, Randall, and Armstrong Counties, and maintains over 3,714 miles of line.

Key Points: 
  • AUSTIN, Texas, Dec. 15, 2023 /PRNewswire/ -- Texas Electric Cooperatives (TEC) leadership has announced a new sole source alliance with Swisher Electric Cooperative (SEC).
  • Incorporated in 1939, SEC serves members in the Texas Panhandle, including Swisher, Hale, Briscoe, Castro, Randall, and Armstrong Counties, and maintains over 3,714 miles of line.
  • SEC is a member-owned non-profit electric cooperative that currently serves over 1,600 members and 7,989 connected meters.
  • "At TEC, we are guided by the seven cooperative principles, and aggregated buying power is one of the best examples of cooperation among cooperatives," said Andrews.

Unit Corporation Reports Third Quarter Results

Retrieved on: 
Friday, November 10, 2023

On November 10, 2023, Unit Corporation (OTCQX: UNTC) (Company) filed unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2023 with OTC Markets Group Inc. (OTC).

Key Points: 
  • On November 10, 2023, Unit Corporation (OTCQX: UNTC) (Company) filed unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2023 with OTC Markets Group Inc. (OTC).
  • The Company’s current, quarterly, and annual reports may be accessed on the OTC’s website at https://www.otcmarkets.com/stock/UNTC/disclosure , as well as the Company’s website at https://unitcorp.com/investor-relations/otc-sec-filings/ .
  • Net income attributable to Unit Corporation for the three months ended September 30, 2023 was $28.8 million, or $2.94 per diluted share, compared to $55.8 million, or $5.60 per diluted share, for the three months ended September 30, 2022.
  • For the nine months ended September 30, 2023, net income attributable to Unit Corporation was $191.5 million, or $19.55 per diluted share, compared to $89.0 million, or $8.79 per diluted share, for the nine months ended September 30, 2022.

Join us to Celebrate the Grand Re-Opening of Amarillo's Exceptional Community Hospital

Retrieved on: 
Wednesday, November 1, 2023

On Thursday, Nov. 2, Exceptional Community Hospital, under new management and ownership, will re-introduce a new vision of comprehensive healthcare closer to home.

Key Points: 
  • On Thursday, Nov. 2, Exceptional Community Hospital, under new management and ownership, will re-introduce a new vision of comprehensive healthcare closer to home.
  • Exceptional Community Hospital will also take its expansive healthcare services to the next level to further support patients in the region.
  • Amarillo's warm hospitality and commitment to innovation and progress make it an ideal home for Exceptional Community Hospital.
  • The Amarillo community can expect Exceptional Community Hospital to continue its legacy of providing superior emergency care, while giving back to the people it serves, said Brandon Moreno, President of Altus Community Healthcare.

AEP SCHEDULES LIVE WEBCAST OF QUARTERLY EARNINGS CALL

Retrieved on: 
Monday, October 30, 2023

COLUMBUS, Ohio, Oct. 30, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has scheduled a quarterly earnings conference call with financial analysts at 9 a.m.

Key Points: 
  • COLUMBUS, Ohio, Oct. 30, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has scheduled a quarterly earnings conference call with financial analysts at 9 a.m.
  • The webcast will include audio of the call as well as visuals of charts and graphics referred to by AEP management during the call.
  • The call will be archived on http://www.aep.com/webcasts for use by those unable to listen to the live webcast.
  • AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide.

AEP SELECTED AS BEST INTERNSHIP IN ENERGY AND RENEWABLES INDUSTRY

Retrieved on: 
Thursday, October 26, 2023

COLUMBUS, Ohio, Oct. 26, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) was selected as the best and highest-rated internship in the energy and renewables industry in Vault's 2024 Internship Rankings.

Key Points: 
  • COLUMBUS, Ohio, Oct. 26, 2023 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) was selected as the best and highest-rated internship in the energy and renewables industry in Vault's 2024 Internship Rankings.
  • AEP was ranked the number one internship in the renewables and energy industry and the third best internship overall for Engineering.
  • "We are proud that our past program participants found value in the program and rated us the number one internship ranking in the energy and renewables industry."
  • AEP also owns AEP Energy, which provides innovative competitive energy solutions nationwide.