Crude oil prices turned things around in Thursday’s trading, finished above $61 a barrel after Wednesday’s drop to around $59. West Texas Intermediate crude for May delivery shot up $2.29 to $61.45 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude had a good day as well, finishing up …
Oklahoma City’s Ascent Resources Utica Holdings, LLC announced Thursday it has wrapped up $68 million in senior notes it had issued to be due 2022. The company and its indirect wholly-owned subsidiary, ARU Finance Corporation closed on the remaining 10% senior notes due 2022. As a result, all of the 2022 notes have been …
The weekly rig report released by Baker Hughes Co. showed an increase of 13 drilling rigs nationally to reach a total of 430. Oklahoma numbers increased by two to reach a total of 19 rigs actively drilling for oil and gas in the state compared to 29 a year ago. Nationally, the number of …
A new study of the COVID-19 impact on Oklahoma’s economy in 2020 shows the obvious—how Oklahomans stopped going to retail and recreation businesses but their consumer spending largely held up during the year. The coronavirus apparently didn’t stop their desire to still order from restaurants. Chad Wilkerson, branch executive, vice president and economist at …
Climate change will be the focus of the U.S. and nearly 50 countries next week as they hold webinars available to the public. The University of Oklahoma will host a free webinar next week where panelists will present specific and feasible steps Oklahomans can take to mitigate climate change. Set for 4 to 6 …
The US rig count rose by four in the last week to 492 as of March 31, according to Enverus Rig Analytics. The count is up 7% in the last month but still down 28% YOY. A region-by-region count showed a decline of four rigs in the Anadarko Basin which includes Oklahoma. …
An update of data by the U.S. Energy Information Administration shows the average of taxes and fees on gasoline across the U.S. is 30 cents a gallon. That means on average, a motorist filling up a vehicle at the gas pump is paying 30 cents of every dollar for a tax or a state …
The $2.2 trillion infrastructure plan unveiled Wednesday by President Biden was nothing like what he discussed in a meeting with Republican Senators including Oklahoma’s Jim Inhofe. He and Rep. Tom Cole are both critical of the measure with Cole saying it’s more like a Green New Deal. “The Biden-Harris infrastructure proposal is a …
The lawsuit challenging President Biden’s executive order pausing new oil and gas leasing on public lands, one that Oklahoma is a part of, asked a Louisiana district court this week to issue a preliminary injunction against the order. “Because this so-called ‘pause’ alters potential lessees’ right to participate in sales—and Plaintiff States’ entitlement to proceeds …
With a unanimous vote this week, Oklahoma Corporation Commissioners launched a campaign to urge state legislators to vote down two bills the commissioners say would be harmful to the agency, the state’s infrastructure and the motoring public. The vote was 3-0 and not 2-1 by commissioners as OK Energy Today originally reported, a vote …
