The nation’s oil watchers had a surprise waiting for them, one that sent crude prices falling on Wednesday. It came in the form of a surprise buildup of crude oil supplies across the U.S. while just the opposite happened at the Cushing Hub, according to the U.S. Energy Information Administration. The U.S. crude …
Crude oil prices and Oklahoma energy stocks finished down after Wednesday’s trading. Crude dropped largely because of pressure by low economic activity in China and a surprise build in U.S. crude inventories. West Texas Intermediate finished down $1.97 or 2.5% to $75.85 per barrel on the New York Mercantile Exchange. Global benchmark Brent crude for …
Oklahoma’s effort to plug abandoned or so-called “ophaned” wells will grow even more in 2024. Nearly 600 wells are under contract to be plugged this year with the assistance of federal funds. Plugging orders have been issued for nearly 1,900 other abandoned wells. However, according to a report by Mike Ray in the Southwest …
Oklahoma’s Pontotoc County in the southeast part of the state will be the site of a Connecticut-headquartered company’s first wind farm to be built in the state. Avangrid, Inc., a sustainable energy company and part of the Iberdrola Group announced plans to build a 33-turbine or 147.5 MW wind farm in the County, thereby …
Despite the intentions of President Biden to kill the oil and gas industry, a new report shows Texas had not only increased production of oil but had record production. The Texas Oil and Gas Association said it shows there are no signs indicating a waning of oil production, even though the Biden administration …
While Oklahoma Corporation Commissioners on Tuesday dealt with rule making changes, their counterparts in Texas, the Texas Railroad Commission, voted to ask the state attorney General to sue the federal government over new methane rules covering oil and gas. Their request went to Attorney General Ken Paxton, asking him to sue over the new …
A shakeup in the top management at Pilot Travel Centers, a few months after the nationwide company was taken over by Warren Buffett‘s Berkshire Hathaway. Brad Jenkins, president of Pilot Flying J Energy and Bill Cashmareck, vice president of Petroleum Marketing and Business Development are out. The company, with major Pilot Flying J …
With the Anadarko Basin as one of its three primary targets in oil and gas exploration, Houston’s Coterra Energy plans to release its fourth quater earnings report on Thursday, Feb. 22. The release will come after the close of the markets and it will be followed with a conference call the next day, Friday, …
While Oklahoma U.S. Sen. James Lankford is in the middle of the immigration negotiations over the Texas border with Mexico, he is also calling on the Biden administration to revoke its new fuel standards he contends are meant to drive people toward electric vehicles. In other words, pull the plug on the pro …
Investors obviously liked the earnings report this week from Tulsa’s Helmerich & Payne as the company’s stock rose more than 12% following news of increased earnings. Trading closed Tuesday with a gain of $4.36 or 12.02% per share settling at $40.62. It came after the company reported net income of $95 million or 94 …
