A surprise U.S. crude oil draw, including more oil removed from Oklahoma’s Cushing Hub, led Wednesday to a 2% gain in prices. Plus, concerns about global supplies after Iran called for an oil embargo on Israel pushed prices higher. But Oklahoma energy stocks didn’t take the same path. Most recorded losses as much as 5% …
Mach Natural Resources LP is planning to go public with an initial public offering of 10 million common units representing limited partner interests in the Oklahoma City company. In an announcement this week, Mach said it will also grant the underwriters an option to purchase up to an additional 1,500,000 common units at the initial …
The nation’s crude oil stocks fell 4.5 million barrels in the most recent reporting period while the amount held at the Cushing Hub in Oklahoma dropped nearly 1 million barrels. The U.S. Energy Information Administration reported the nation’s crude stocks fell from 424.2 million barrels recorded on October 6 to 419.7 million barrels as …
At the heart of the $6 billion in frozen Iranian money that has become a focal point of efforts by Oklahoma U.S. Sen. James Lankford and others to see it frozen in Qatar is oil. It is oil money and Lankford wants to reverse efforts by President Biden to ease sanctions against Iran, easing …
Remember the 1973 Oil Embargo? Fifty years ago this week, something that Oklahoma oilman Harold Hamm remembered last week during comments at the OERB Oil and Gas Expo. He pointed out it revealed the need for a strong U.S. energy policy, one built on independence and how since 1973, the U.S. is no longer …
Nearly two months after Chesapeake Energy Corporation announced the $700 million sale of its remaining Eagle Ford assets, the Oklahoma City oil and gas firm plans to release third quarter financial results at the end of the month. The company will make known the results after the market close on Tuesday, October 31, 2023. …
Oklahoma Treasurer Todd Russ released the September Economic Report this week, a repeat of information released earlier in the month. Gross Receipts to the state Treasury for the past 12 months outpaced the prior year’s 12 months in September. While the downward trend from the March record annual high of $17.64 billion continues, the …
The head of BlackRock Inc., one of several firms blacklisted by Oklahoma over the firm’s discrimination against oil and gas, is reported to be urging the chairman of the SEC to “tone down” the pending emissions disclosure rules. Fox News Business says CEO Larry Fink made the suggestion to SEC Chairman Gary Gensler as the …
A new estimate from the U.S. Energy Information Administration predicts the nation will see a 5% growth in marketed natural gas production this year. The 5% gain totals 5 billion cubic feet a day. The EIA further predicted there will be 2% growth in natural gas production in 2024 and most will come from …
While some members of Oklahoma’s congressional delegation are outspoken against ownership of American land by the Chinese government, the Attorney General in Arkansas has taken it a step further. AG Tim Griffin has ordered a company owned by the Chinese government to divest nearly 160 acres of land near Jonesboro in the northeast part …
