A third consecutive day of losses hit crude oil prices on Monday as both Brent and WTI recorded declines of 1%. Investors are reported to be worried about a drop in demand and aren’t sure what to expect about just how deep the OPEC+ production cuts will be. West Texas Intermediate crude fell $1.03 or …
The intrigue continues from the legal repercussions of the AG’s subpoena of communications related to the 2021 winter storm. It is the focus of the latest edition of Mitchell Talks Energy with Jerry Bohnen.
Empire Petroleum board of directors chairman Phil Mulacek recently increased his holdings in the Tulsa-based company with a $5 milllion purchase of shares. Two years ago Mulacek, founder of InterOil Corporation, owned nearly 18.4% of Empire when he joined the company’s board of directors. This week, Empire filed a Form 8-K with the Securities …
Oklahoma’s Congressional delegation wants some answers from two top Biden administration officials why there is a delay in energy production for the McAlester Army Ammunition Plant. Led by Sen. James Lankford, the delegation sent letters of demand to Defense Secretary Lloyd Austin and Interior Secretary Deb Haaland. Joined by Senator Markwayne Mullin (R-OK) and …
Oklahoma Climatologist Gary McManus with the Oklahoma Mesonet says enjoy the warmer weather this week while you can. Maybe even into mid-December. “Sorry (not really), but I see no cold air coming down this way for the next 7-10 days, and maybe out to 14 days. All the REALLY cold air is bottled up well to …
Just seven years ago, the average customer of the three natural gas operations in Oklahoma, Texas and Kansas run by ONE Gas paid $46 a month. This year, it is $75, according to a December Investment Update released by the Tulsa-based company. The average monthly residential customer bill, according to the Update, is projected …
Last week, AAA raised the question…”Is it the end of the road for falling gas prices?” Oklahoma drivers might be asking the same question. Prices fell nationally only two cents in the last week of November and the automobile association said the primary “culprit is the cost of oil” which is creeping closer to …
Colorado has launched a $12 million grant program aimed at advancing geothrmal energy technology. Gov. Jared Polis calls it his “Heat Beneath Our Feet” effort to take advantage of geothermal energy and announced $5 mllion in grants in the first round of funding. The funding was authorized in 2022 by the Colorado General …
Congresswoman Stephanie Bice points out that gasoline prices are $1 higher per gallon than when President Biden took office and that’s why, she says, Bidenomics isn’t working. The Republican Representative says during Biden’s time in office, prices have risen across the board…canned cranberries during Thanksgiving were up 60%, frozen vegetables up about 11%, uncooked …
Gulfport Energy updated its $650 million common share repurchase program with an SEC filing showing it recently agreed to purchase nearly another $40 million in accounts. The accounts are managed and advised by Silver Point Capital, L.P. and MacKay Shields LLC. The repurchase by Gulfport involved 292,910 shares of the company’s common stock at …
