Oil prices jumped but a lot of energy stocks didn’t follow suit, with a few exceptions. Alliance Energy Resources finished Wednesday up 9 cents for a 3.32% gain to $2.80 a share. Blueknight Energy slipped one cent for a 1% drop to $1.34. Chesapeake Energy took a 37 cent tumble or nearly 9% decline to …
Oil futures stretched their gains to a second session Wednesday, as Saudi Arabia and Russia reportedly held a discussion by phone, reiterating the OPEC+ commitment to abide by the production-cut agreement. West Texas Intermediate crude for November delivery climbed by 84 cents, or 2.1%, to settle at $41.04 a barrel on the New York Mercantile …
Supreme Court nominee Amy Cony Barrett revealed some of her thoughts about climate change in questioning from U.S. Senators this week. Barrett was asked about climate change, telling the Senate panel: “I’m certainly not a scientist. … I’ve read things about climate change. I would not say I have firm views on it.” POLITICO …
OG&E, the electric utility subsidiary of OGE Energy Corp. announced that it has completed construction of two 5 MW solar energy farms in southeast Oklahoma. Both centers are operating at full capacity. In February, the company announced it would build the two solar energy centers, one in Davis, Oklahoma, and one in Durant, Oklahoma, to help meet the …
The International Energy Agency said in its monthly market report that the outlook for oil “remains fragile” due to the pandemic and that, despite OPEC and its allies’ plan to increase oil supplies in 2021, the market has limited space to accept an influx of supply. Meanwhile, a number of the cartel’s delegates have …
** Supreme Court nominee Amy Coney Barrett says in a confirmation hearing that she does not have “firm views” on climate change. ** President Trump signs an executive order committing the U.S. to a global tree-planting initiative, while an order to open a protected national forest to logging is still pending. ** The city of El Paso, Texas, unanimously reaffirms …
Oklahoma leaders say general revenue fund collections in September were above the monthly estimate for the second consecutive month. But oil and gas gross production revenue continued to be weak and well below the estimates. General Revenue Fund collections in September totaled $562.8 million, which is $9.5 million, or 1.7%, above the monthly estimate. …
ONE Gas, Inc. will release its third quarter 2020 earnings after the market closes on Monday, Nov. 2, 2020. The ONE Gas executive management team will participate in a conference call the following day, Tuesday, Nov. 3, 2020, at 11 a.m. Eastern Standard Time (10 a.m. Central Standard Time). The call also will be …
Devon Energy Corp. announced it will report third-quarter 2020 results on Thursday, Oct. 29, after the close of U.S. financial markets. The question will be whether the company will avoid a repeat of the second quarter when it suffered a net loss of $670 million or $1.78 per diluted share, largely due to the COVID-19 …
Houston-based Interstate Explorations LLC reported completion of four wells in northern Oklahoma. Three of the wells were drilled on a single pad at 11 21N 9W , a site located six miles west of the town of Drummond in Major County. The Taggert 21n-9w 11-1h had a July 2019 spud date with drilling finished a month …
