The just-concluded quarter proved to be a losing one for Oklahoma City’s Panhandle Oil and Gas Company as the firm reported a net loss of nearly $3.5 million or 21 cents a share. The loss was on top of the $20.5 million reported lost in the previous quarter but the company still made strides …
Oil futures finished lower Friday, with pressure attributed in part to downbeat global demand forecasts from major organizations this week, but prices still ended the week higher following declines in U.S. supplies. Oklahoma-related stocks generally finished the week on the upward scale. West Texas Intermediate crude for September delivery fell 23 cents or 0.5% …
The sky-piercing Devon Tower in downtown Oklahoma City bears the name of the oil and gas production company. While the company is located throughout the tower, it also is home to VAST restaurant on the 49th floor. But VAST hasn’t held its daily lunch because of the COVID-19 pandemic. That’s about to change. Chef …
More of the nation’s oil and gas exploration companies are putting their rigs into storage as the COVID-19 pandemic tightens its grip on the industry. The latest Baker Hughes oil and gas rig count slipped to only 244 in the past week while the numbers in Oklahoma remained unchanged at eleven working rigs. The …
The Trump administration’s rollback of rules on methane emissions produced more support from those in congress, including Oklahoma Congressman Markwayne Mullin. He is a co-chair of the House Energy Action Team and joined South Carolina Republican Rep. Jeff Duncan in applauding the administration’s decision. House Republican Whip Steve Scalise of Louisiana also supported them …
