Oil prices in the U.S. closed Thursday at their highest mark since March, settling at more than $40 a barrel in trading on the New York Mercantile Exchange. The increase in oil futures came after better-than-expected U.S. job growth in June. The U.S. added 4.8 million jobs in June and the unemployment rate fell for …
Mammoth Energy Services shareholders held their annual meeting on Thursday, electing five directors and approving a compensation plan for company executives. Shareholders attended an in-person meeting in Oklahoma City. Arthur Amron, Arty Straehla, James Palm, Arthur Smith and Paul Jacobi were elected to serve as the Company’s directors until the 2021 Annual Meeting of …
SandRidge Energy in Oklahoma City announced the appointment of Salah Gamoudi as Chief Financial Officer and Chief Accounting Officer. His appointment was effective July 1. Gamoudi most recently served as SandRidge’s Vice President of Accounting and Finance starting in April. He was hired as CFO and CAO at a salary of $250,000 a year. …
Oklahoma maintained its rig count at 10 in the past while the nationwide oil and gas rig numbers dropped by two to reach 263 according to the latest service figures released by Baker Hughes Co. A year ago, Oklahoma had 97 active rigs. Nationally, the drop in rigs in the past week included the …
Gasoline prices in Oklahoma and across the rest of the U.S. have held steady as the nation enters the July 4th holiday weekend with national prices averaging $2.17 a gallon. Oklahoma’s average is $1.90 per gallon, same as one week earlier. AAA Oklahoma reports the average price in Oklahoma City is $1.93, a penny …
Oklahoma climatologist Gary McManus says this week’s scorching summer weather is an indication that not only will the high temperatures continue to grow, but so will the state’s drought. Writing in his Thursday Mesonet Update, McManus said, “All signs point towards more drought intensification and spread through the month. And the outlooks for late next week into …
Oklahomans split their votes on party-lines Wednesday when the U.S. House of Representatives okayed the Democrats’ $1.5 trillion infrastructure plan Moving Forward Act and Republicans didn’t hold back their criticism. Rep. Kendra Horn, a day after winning her primary election for the Democratic nomination in her 2nd Congressional District voted for the measure. But …
** On Friday, President Trump will travel to South Dakota for his Fourth of July event at Mount Rushmore. The event, which will draw thousands to the area, will not require attendees to wear masks and has been strongly opposed by tribes. On Monday, South Dakota Governor Kristi Noem declared that social distancing will not be enforced at the event, and although masks …
The Oklahoma Transportation Commission will hold its monthly meeting by video teleconference at 11 a.m. Monday, July 6 due to COVID-19 precautions. Secretary of Transportation and Oklahoma Department of Transportation Executive Director Tim Gatz will report on the agency’s ongoing effort to improve the state’s public transit program for elderly and disabled Oklahomans, as well as development of …
In spite of a sharp downturn in oil and gas production tax collections, the Oklahoma economy displayed signs of resiliency in June, State Treasurer Randy McDaniel said as he released the monthly Gross Receipts to the Treasury report this week. But the June collections continued showing how weak Oklahoma’s oil and gas industry has become …
