The record plunge in gasoline stockpiles last week across the U.S. is threatening more and more motorists with $3 gasoline for the first time in six years and prices in Oklahoma are moving closer to the high price. Reports show gasoline inventories fell by 13.6 million barrels after the winter storm that pounded Oklahoma, …
CVR Energy, the owner of the Wynnewood Refinery in southern Oklahoma and other refineries across the country recently reported a fourth quarter 2020 net loss of $67 million or 67 cents a diluted share. For all of 2020, the company had a net loss of $256 million or $2.54 a diluted share. The …
SandRidge Energy released its earnings report showing a fourth quarter loss of $0.2 million while full-year 2020 losses totaled more than $277 million or $7.77 a share. After sales of assets, the company expects to move forward with reduced capital expenditures and debt. The Oklahoma City company said the quarterly loss was one …
Oklahoma’s Canadian County will see more oil and gas exploration based on new drilling permits approved this week by the Oklahoma Corporation Commission. Camino Natural Resources LLC received permits for two wells on a single pad. The RED RIVER 1208 #24-13 wells will be drilled at a site approximately one mile southwest of the city of El …
