Crude oil prices finally rose while Oklahoma energy stocks made strong gains

US crude oil exports hit a record high last week

Crude oil prices turned things around in Monday’s trading, rising a dollar a barrel while Oklahoma energy stocks saw some major gains with the exception of ONEOK which plummeted 9% following word of its nearly $19 billion acquisition of Magellan Midstream.

West Texas Intermediate crude rose $1.07 or 1.5% to close at $71.11 a barrel on the New York Mercantile Exchange.

Global benchmark Brent crude gained $1.06 or 1.4% to finish at $75.23 a barrel on ICE Futures Europe.

Natural gas rose 11 cents or 4.81% to close at $2.38 per thousand cubic feet.

ONEOK shares suffered a major decline while shares in Magellan Midstream rose 13% following word of its acquisition. A few other Oklahoma energy companies made strong gains including Empire Petroleum at nearly 8%, Mammoth Energy at nearly 6%, Matrix Service at more than 12% and SandRidge Energy at more than 10%.

Alliance Resource Partners, L.P.
19.19 USD+0.95 
Canoo Inc
0.60 USD+0.012 
Chesapeake Energy Ord Shs
82.01 USD+2.23 
Coterra Energy Inc
25.56 USD+0.76 
Devon Energy Corp
47.71 USD+0.19 
Empire Petroleum Corp
10.51 USD+0.75 
Gulfport Energy Corp
96.94 USD+1.12 
Helmerich & Payne, Inc.
31.74 USD+0.59 
LSB Industries Inc
9.19 USD+0.23 
Magellan Midstream Partners LP
62.61 USD+7.20 
Mammoth Energy Services Inc
3.74 USD+0.20 
Matrix Service Co
6.32 USD+0.70 
NGL Energy Partners LP
2.89 USD+0.090 
OGE Energy Corp.
37.21 USD−0.56 
ONE Gas Inc
80.57 USD−1.19 
ONEOK, Inc.
57.95 USD−5.81 
Ovintiv Inc
33.44 USD+0.56 
PHX Minerals Inc
2.88 USD+0.060 
SandRidge Energy Inc
16.36 USD+1.52 
Unit Corp
43.11 USD−0.44 
Vital Energy Inc
42.24 USD−0.090 
Williams Companies Inc
29.10 USD−0.17 
PNGRB to act as market regulator for natural gas trading hub, Energy News, ET EnergyWorld
Other energy stocks rose on Monday too according to the Texas Energy Report.

APA Corp. (Apache) (APA) down 0.04 at 32.94 – change 0.13%

Cheniere (LNG) up 1.89 at 149.80 – change 1.27%

Chevron (CVX) up 0.57 at 157.19 – change 0.37%

ConocoPhillips (COP) up 1.37 at 100.29 – change 1.38%

Diamondback Energy (FANG) up 0.96 at 128.96 – change 0.75%

Energy Transfer LP (ET) up 0.19 at 12.51 – change 1.54%

Enterprise Products Partners (EPD) up 0.02 at 25.94 – change 0.07%

EOG Resources (EOG) up 0.92 at 111.34 – change 0.83%

ExxonMobil (XOM) up 0.20 at 105.07 – change 0.19%

Kinder Morgan (KMI) down 0.10 at 16.70 – change 0.60%

Marathon Oil Corp. (MRO) up 0.28 at 22.67 – change 1.52%

NOV Inc. (NOV) up 0.27 at 15.10 – change 1.82%

Occidental Petroleum (OXY) up 0.43 at 58.52 – change 0.74%

Phillips 66 (PSX) up 1.00 at 94.22 – change 1.07%

Pioneer Natural Resources (PXD) up 2.00 at 206.78 – change 0.97%

Tellurian Inc. (TELL) up 0.09 at 1.34 – change 7.20%

Valero (VLO) up 2.39 at 112.91 – change 2.16%

CLOSING TOP UTILITY STOCKS

American Electric Power (AEP) down 1.57 at 90.09 – change 1.72%

CenterPoint (CNP) down 0.54 at 29.51 – change 1.80%

Entergy (ETR) down 1.70 at 105.44 – change 1.59%