The Federal Trade Commission has cleared the way for Exxon Mobil’s $60 billion dollar purchase of Pioneer Natural Resources as soon as Friday. There are conditions – and one is that former Pioneer CEO Scott Sheffield won’t be named to Exxon’s board of directors. Sheffield has been accused of colluding with OPEC to drive …
A slight drop in crude oil prices on Thursday sent them to nearly their lowest level in seven weeks following a bigger fall on Wednesday. It came after weaker global demand for crude oil, increasing crude stocks plus dashed hopes for a cut in US interest rates. West Texas Intermediate crude, considered the US benchmark …
Oklahoma’s congressional delegation was among Republicans in the U.S. House who stood up to fight the White House and its recent moves to restrict oil and gas exploration in Alaska’s National Petroleum Reserve and the Arctic National Wildlife Refuge. The House voted in support of H.R. 6285, Alaska’s Right to Produce Act. The final …
While Oklahoma City and Electric pushes forward with a rate hike request that could boost customers residential bills by another $19 a month, the utility announced this week the lowering of fuel charges will result in a drop of $25 a month for the same customers. It comes as the utility is lowering the …
Mammoth Energy Services leadership admits its first quarter 2024 fiscal year results are likely to be the “low water mark” for the year. Again, the sinking natural gas market gets much of the blame. Dismal results were reported including total revenue of $43.2 million compared to $116.3 million for the same quarter of 2023 …
After fighting the Biden administration for more than a year over claims of whistleblower retaliation, Oklahoma Congressman Frank Lucas got his wish…a new acting Inspector General at the Department of Commerce. He called it a win for good government. As Chairman of the House Science, Space, and Technology Committee, he had campaigned to …
The three southern Oklahoma counties devastated by the weekend tornadoes that also left four people dead are getting disaster assistance benefits from FEMA. FEMA announced the disaster help is going to Hughes, Love and Murray Counties as they were hardest hit by the tornado outbreak. Governor Kevin Stitt said he appreciated how quickly FEMA …
Oklahoma isn’t the only state reeling from deadly tornadoes. The small town of Westmoreland, Kansas was the site of a similar storm as an EF-3 tornado bore down on the residents Tuesday evening, leaving one person dead. Westmoreland is the Pottawatomie County seat and located about 22 miles northeast of Manhattan. A reported 22 …
Changes were announced this week to the executive team in charge of the Southwest Power Pool, the 14-state group of which Oklahoma is a member. The SPP, headquartered in Little Rock, Arkansas, said the changes were meant to further strengthen its position as a leader in electric reliability and affordability as it named David …
The cash keeps rolling in for Devon Energy, thanks to increased oil production and leaders aren’t backing off their efforts to grow production for the remainder of the year. Devon Energy Corp. repeated its record $1.7 billion cash flow from operating ativities in the first quarter of the year as it reported financial and …
