The slight dip in oil futures on Friday was not echoed by most energy companies with Oklahoma connections. Most energy companies saw their stocks climb in value including Devon Energy where shares finished up 34 cents or 3.15% and settled at $11.10. Chesapeake Energy slipped 15 cents for a 3.28% decline to $4.43 per …
Oil futures ended modestly lower Friday, but tallied a weekly gain a day after Hurricane Laura made landfall on the Gulf Coast as a Category 4 storm but refineries were spared from extensive damage. Now the industry waits to see how traders respond on Monday. West Texas Intermediate crude for October delivery fell 7 cents, …
The Trump administration faces more lawsuits over its efforts to reduce the regulations on trains carrying liquefied natural gas. Environmental groups contend in their legal actions that the transportation of LNG creates in effect a “bomb train” with explosive potential to level entire towns. The suing nonprofit Earthjustice makes the claim that just …
The hot weather of August has helped natural gas prices climb by 75% since the end of June when they hit their lowest level since 1995. But as of Friday, prices hit a nine-month high of $2.579 per MMBtu, thanks mostly to the scorching weather in July and August. Natural gas prices rose as …
Oklahoma’s jobless situation is possibly improving, at least based on better numbers of Oklahomans who made unemployment claims. The state reports a drop in the claims for the ninth consecutive week. However as the McCarville Report indicated, the state has still paid more than $1 billion in claims since March 1. Click here for …
** Bayer AG’s comprehensive settlement of U.S. lawsuits over its Roundup weed killer is in jeopardy after lawyers for some consumers accused the company of reneging on the $11 billion deal and the judge overseeing the litigation questioned its truthfulness. U.S. District Judge Vince Chhabria said during a hearing Thursday he’s concerned Bayer has “manipulated” the settlement …
Well-services provider Baker Hughes reported the nation’s rig count was unchanged in the past week and Oklahoma numbers remained at only eleven working rigs, same as a week ago. The latest nationwide figures from the Houston-based company showed Oklahoma’s count of 11 rigs compared to 80 a year ago. Nationally, the count remained at …
After teasing Tulsa with the prospect of locating his $1.1 billion Tesla truck plant there and eventually choosing Austin, Texas as the site, Elon Musk’s financial upswing shows no signs of slowing. The outspoken entrepreneur is now the world’s fourth-richest person after Tesla Inc. shares surged 11% on Monday, closing at a record high …
hare on linkedinShare on The University of Oklahoma will be one of a dozen scientific centers receiving $765 million over the next 5 years to focus on the study of artificial intelligence or AI. The White House says they will also study quantum information science. Each AI center will focus on a particular application. …
The administrator over the Environmental Protection Agency region that covers Oklahoma and Texas says the Trump administration’s rollback of Obama-era methane emissions rules will save millions for the oil and gas industry. Ken McQueen is the Region Six administrator and addressed the rollback during a weekly Oilfield Strong webinar. The Midland Reporter-Telegram reported that …
