January 19, 2019 archive

Oil and Gas employment helped create Oklahoma’s 3.2 percent jobless rate

Oklahoma was one of 40 states in the U.S. last week where the unemployment rate was below 4 percent. Oklahoma’s unemployment rate actually improved to 3.2 percent for December 2018 for the 8th consecutive month, according to the Oklahoma Employment Security Commission. The December rate improved 0.1 percentage point and was down nearly a fullĀ  …

Continue reading »

Rig counts nationally and in Oklahoma drop with low oil prices

The number of active oil and gas rigs in the U.S. and in Oklahoma plunged in the past week as more were put into storage while oil prices remained in the low $50 a barrel range.The national count fell by 25 to reach 1,050 rigs while the count in Oklahoma dropped by 10 to hit …

Continue reading »

Oil prices moved upward on Friday and so did stocks in major oil and gas firms

As oil prices closed Friday in an upward trend, so did some of the stocks in major oil and gas companies. West Texas Intermediate crude, set at the Cushing hub closed up $1.69 to settle at $53.76 per barrel or 3.25% higher. Brent crude was up $1.38 and closed at $62.56 or 2.26% higher. Natural …

Continue reading »