Category: Oil & Gas

ONE Gas to take part in upcoming investors conference

  Investors. It’s what energy companies continually seek and that’s just what ONE Gas, Inc. executives will seek when they attend the American Gas Association Financial Forum next month in California. The forum will be held May 19-20 in Palm Desert and ONE Gas Peesident and CEO Robert S. McAnnally will be joined by senior …

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Failed Iranian missile strikes on Israel resulted in lower oil prices—not higher

    Instead of spiking Monday as some thought might occur because Iran’s weekend attack on Israel, crude oil prices fell lower, largely because the attack was a dismal failure and speculators believe there won’t be a major disruption of the flow of oil to markets. West Texas Intermediate crude fell 25 cents or 0.3% …

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Nation’s oil production to grow in May

  A new government report indicates almost all oil and gas regions in the U.S. will see increased production in the month. The U.S. Energy Information Administration reported it anticipates “new well” oil production in the Anadarko Basin to increase from 716 barrels of oil a day to 717 barrels in May. New well natural …

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AG Drummond and others go to court in fight against EPA’s latest methane emissions rule

  Attorney General Gentner Drummond and a 25-state coalition he is leading have filed a motion to stay the Environmental Protection Agency’s (EPA) new methane emissions rule. Filed Friday in the U.S. Court of Appeals for the District of Columbia Circuit, the motion follows a petition introduced last month by Drummond and the coalition of …

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Vital Energy announces 1Q earnings report release date

The first quarter earnings report for Tulsa’s Vital Energy, Inc. will be released in a few weeks and investors will learn whether the company’s success in the Permian Basin continued for another quarter. The company announced the release will be made after the market closes on Wednesday, May 8. It will be followed by a …

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Energy quick reads

** The FBI is conducting a criminal investigation into the deadly collapse of Baltimore’s Francis Scott Key Bridge that is focused on the circumstances leading up to it and whether all federal laws were followed, according to a person familiar with the matter. ** Tesla will lay off more than 10% of its global workforce, an internal memo …

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BOK Financial Corp. becomes major player in lending to oil and gas operations

  A report by Bloomberg shows an Oklahoma bank is among a handful of US regional banks that have taken major steps to increase lending to oil, gas and coal clients. The list of the regionals included BOK Financial Corp in Oklahoma where there is a 2-year old law in which financial institutions are reviewed …

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Mitchell Talks Energy with Jerry Bohnen

The week’s first look at what the Israeli-Iran conflict is doing to oil futures and Jerry’s analysis of the first filings by AG Gentner Drummond into alleged price gouging connected to the 2021 winter storm.  

Government just moved to make it cost more for drilling on public lands

  The Biden administration’s continued war on the oil and gas industry took another step on Friday when the Interior Department finalized a new federal rule that will likely increase the cost of drilling on public lands. It came as the White House just took an opposite step to help renewable energy production on the …

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Growing worries about escalating warfare in the Middle East sent crude prices up on Friday

  The growing prospects of an Iranian response to an apparent attack by Israel that killed 7 Iranian military members in Syria resulted in a Friday 1% gain in crude oil prices. Some believe Iran might respond and added to Israel’s fighting in Gaza, it only resulted in more concern about what it could do …

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