The day after Easter, crude oil prices made a nearly 1% gain on expectations that demand will get a boost from economic growth in the U.S. and China. At the same time, OPEC+ is continuing with output decreases and Russian refineries are being attacked by Ukrainian drones. West Texas Intermediate crude rose 54 cents or …
Federal Trade Commission Chairwoman Lina Khan is being warned by Republican U.S. Sens. James Lankford and Markwayne Mullin along with a host of others not to follow what Democratic Senators want in the FTC probe of oil and gas mergers. Lankford along with Texas Sen. Ted Cruz, GOP Leader Mitch McConnell and South Carolina …
Despite opposition to the Biden administration’s spending of billions of dollars to promote electric vehicles and in effect kill gasoline-powered vehicles, other states report EV development. For instance, regulators in New Mexico have approved El Paso Electric’s transportation electrification plan that includes a $4,000 electric vehicle purchase rebate for low-income customers. In Oregon, it’s …
Tulsa’s Empire Petroleum finished the fourth quarter of its 2023 fiscal year with a nearly $5 million net loss or 20 cents per diluted share. The company announced the fourth quarter financial report on Monday, explaining it posted a net loss of $4.8 million for the quarter and a $12.5 million net loss or …
The collapse of the Francis Scott Key bridge in Baltimore and the impact on U.S. shipping. Is it that big of an economic deal as far as the nation’s economy goes? One man who thinks it isn’t, is American geopolitical analyst Peter Zeihan who blames it on something Congress did a century ago. It’s …
Tulsa’s Vital Energy is expanding its previously issued $800 million in senior notes with another $100 million. The company announced Monday that it is offering the $100 million in 7.875% senior notes due 2032 in a private placement to eligible purchasers. In the announcement, Vital stated that it intends to use the net proceeds …
We’ve been reporting on Oklahoma’s ROFR or “Right of First Refual” issue for months, beginning with last summer’s interim legislative hearings and the studies carried out by the Oklahoma Corporation Commission. We also detailed how the fight between those who opposed ROFR and the utilities who wanted the power led to a hard-nosed bill …
Oklahoma Congressman Frank Lucas isn’t afraid to be blunt in critically describing what he thinks of the recent Securities and Exchange Commission approval of its final climate disclosure rule. In a recent public opinion, published in the Washington Times, the western Oklahoma U.S. Representative called it a “regulatory punch in the nose to Main Street …
New zoning regulations were recently adopted by Barton County Commissioners who spent the past 10 months listening to those opposed and those in support of a 2,100 acre proposed solar farm near the historic Cheyenne Bottoms wetlands in central Kansas. The exact location of the farm, proposed by Acciona, a subsidiary of Spain-based Acciona …
Oklahoma City’s Mach Natural Resources LP announced its financial and operating results for the year ended December 31 of 2023, showing total revenues of $762 million and net income of $347 million. As a result, the company intends to stick with its guidance for the remainder of the year. The report comes months after …
