Monday brought about higher crude oil prices as Russia and Saudi Arabia reaffirmed their pledge to make extra voluntary oil supply reductions through the end of the year. But the higher prices didn’t help Oklahoma energy stocks as some fell 8% in the day’s trading. West Texas Intermediate crude, the U.S. benchmark, rose 31 cents …
After reporting second quarter net earnings of $690 million or $1.07 per diluted share, Devon Energy will release its third quarter financial report on Tuesday. The company plans to make the earnings report available after the close of U.S. financial markets and follow it with a conference call on Wednesday at 10 a.m. With …
A new report from the federal government indicated that in 2022, the nation saw a 9% gain in natural gas production in the country’s major plays, and that included the Anadarko region. It came from increased production of crude oil in the major regions, the Permian, Bakken,Eagle Ford, Niobrara andt he Anadarko. The U.S. …
November meetings of the Oklahoma Broadband Governing Board and the Oklahoma Broadband Expansion Council won’t be held in their usual sites. Both groups will change their meeting locations, according to an announcement from the Oklahoma Broadband Office. The Broadband Governing Board will meet Tuesday, November 14 at 10:30 a.m. in the Heritage Room, Grady …
Oklahoma U.S. Sen. James Lankford and a handful of others say the Biden administration should abandon a plan to require new homes to be subject to “unrealistic and overly burdensome energy efficiency standards.” He and Sens. John Thune of South Dakota, Tim Scott of South Carolina, John Barrasso of Wyoming and John Boozman of …
The strong showing that Williams Cos. had in the third quarter of this year is expected to gather steam in the coming months and at the same time, the Tulsa company made major gains in the Northeast part of the U.S. and in the D-J Basin of Colorado and Wyoming. In a recent conference …
A federal judge in Wyoming, where Oklahoma oil and gas companies are busy exploring for new energy, sided with the oil and gas industry in a fight with two environmental groups. The judge threw out a lawsuit filed by the Center for Biological Diversity and WildEarth Guardians against the Interior Department, the state of …
Voters in Maine on Tuesday will decide if they want to give the boot to the state’s two largest electric utilities. In other words, voters will have the opportunity to forcibly remove the two investor-owned utilities that distributed 97% of electric in the state. It would be like forcing OG&E and PSO in Oklahoma …
Kratos, the California-based drone maker with a plant in Oklahoma City reported third quarter revenues of $274.6 million and operating income of $12.2 million. The company’s adjusted EBITDA totaled $27.7 million. At the same time, the firm made available a rendering of its latest stealth drone effort, the Thanatos. Kratos indicated it hopes to …
The question has been raised in light of this past week’s damaging announcement that Orsted was pulling out of the Biden administration’s major wind project off the coast of New Jersey—is there a double standard for the wind industry as compared to oil and gas when it comes to subsidies? While the Biden administration …
