The small gains recorded by crude oil in Thursday’s trading left global benchmark Brent crude just above $80 a barrel while Oklahoma energy stocks experienced another day of losses. Concerns of declining demands for gasoline and easing of concerns about the war in Gaza paved the way for the results. West Texas Intermediate rose 69 …
Mammoth Energy Services found the third quarter to be challenging as it reported a drop in total revenue compared to a year earlier and to this year’s previous quarter. The Oklahoma City company released financial and operational results showing third quarter total revenue was $65 million, down from the $75.4 million reported in the …
When the U.S. Senate Public Works and Environment committee met this week to explore water infrastructure challenges in rural and underserved communities, it got some answers from an Oklahoma official. Shellie Chard, Water Quality Division Director at the Oklahoa Department of Environmental Quality was among those who testified how local water investments are …
While Oklahoma Attorney General Gentner Drummond is widening his winter storm market manipulation investigation with a subpoena of the Corporation Commission and its entire staff, Commissioner Bob Anthony responded Thursday by supplying nearly 4,000 emails and communications regarding the controversial issue. Anthony issued a statement indicating that he provided communications less than 48 hours …
** Michigan lawmakers approved a slate of bills Wednesday night that are set to transform the energy systems at the heart of America’s heavy industry, putting the major manufacturing state on a course to generate all its electricity from carbon-free sources within just 17 years. ** On Tuesday, Maine residents voted overwhelmingly in favor of …
A U.S. House Committee gave approval this week to a Weather Act bill cosponsored by Oklahoma Congresswoman Stephanie Bice, one to make improvements in the nation’s weather forecasting abilities. The markup by the House Science, Space and Technology Committee was in support of H.R. 6093, the Weather Act Reauthorization, which reauthorizes critical NOAA research programs. It …
Ascent Resources Utica Holdings, LLC of Oklahoma City reported its third quarter 2023 operating and financial results and issued updated full-year 2023 guidance. It recorded improved EBITDAX, the accounting method that excludes exploration costs. But overall net income was lower compared to the previous quarter. With focused efforts in the the Utica Shale of …
Kansas is moving quickly on the $25 million it received to plug thousands of abandoned oil and gas wells in the state. A spokesman for the Kansas Corporation Commission updated legislators this week saying 1,740 wells have been capped or plugged so far and the cost was about $18 million. Ryan Hoffman, the conservation …
Oklahoma U.S. Sens. James Lankford and Markwayne Mullin were among the 50 Senators who voted this week to overturn President Biden’s move to waive some of the “Buy America” retirements for EV charging stations funded by the federal government. The final vote was 50-48 and the White House responded immediately by stating the President …
Two years after Energy Transfer acquired Enable Midstream of Oklahoma City, the company reported third quarter transport records along with third-quarter EBITDA of $3.5 billion compared to $3.1 billion a year ago. Energy Transfer expects things to only get better in the fourtyh quarter, especially after its most recent acquisition, that of Pioneer Natural …
