Information that suggests there could be increasing fuel demand from the U.S. and China on Thursday led to gains in crude oil prices. Analysts felt the gains would have been stronger had it not been for energy data also showing gasoline and diesel demand last week was the weakest since the 2020 coronavirus epidemic. West …
The State Auditor’s recent audit that found alleged competitive bidding violations because of policies at the state Office of Management and Enterprise Services was the topic of discussion at Thursday’s Oklahoma Corporation Commission meeting. What Commissioners Todd Hiett and Bob Anthony learned was their state agency is in full compliance with the Oklahoma Purchasing Act and …
When Oklahoma Attorney General Gentner Drummond went before a House committee hearing this week, he indicated he would not back off his challenges with what he suggested was the EPA’s burdensome rules and regulations. Drummond didn’t wait long to show Congress and the EPA he meant business as he is leading a 14-state coalition in filing …
PHX Minerals Inc. Logo The first quarter for PHX Minerals Inc. brought about a net loss of $0.2 million or a penny a diluted share, according to the financial and operating results released by the Fort Worth-based company. The company experienced a 40% drop in revenue from natural gas,oil and NGL, but primarily, …
The first quarter financial results for Tulsa’s Vital Energy might have shown a net loss of $66.1 million or $(1.87) per diluted share, but the company still had record oil production, thanks to a large drilling effort in the Permian Basin. Vital’s adjusted net income for the quarter totaled $68.1 million or $1.84 per adjusted …
At one point a few years ago, Ovintiv Inc. was reporting large producing oil wells in Oklahoma’s STACK play…a 3,000-barrel a day here and a 3,200 barrel a day well there. All it seems were in Kingfisher County. But the Denver-based company reported it did not turn in line or turn any wells …
Tulsa’s Unit Corporation unveiled its first quarter financial report this week showing a major drop in net income. The company plunged from $134.7 million or $13.75 per diluted share a year ago to $16.1 million or $1.61 a share at the end of the first quarter on March 31, 2024. Total revenues for the …
The Biden administration stated it is willing to pay nearly $80 a barrel for crude oil as it struggles to refill the nation’s Petroleum Strategic Reserve, the one depleted as the President used oil as a political pawn to bring down gasoline prices two years ago. Bloomberg reported the new price was revealed in …
** Senate Energy Committee Chair Joe Manchin (D-W.Va.) on Wednesday joined Sen. Dan Sullivan (R-Alaska) and Rep. Garret Graves (R-La.) to announce a Congressional Review Act (CRA) resolution to overturn the Biden administration’s new rules on energy permitting, following a pledge Manchin made last week. ** Walmart Inc. now has one Tesla semi-truck on the …
Texas U.S. Sen. Ted Cruz is taking some good-natured ribbing over his leadership in urging the Senate to approve the reauthorization of the Federal Aviation Administration. The bill in question had the support last week of U.S. Sen. James Lankford who took to the Senate floor to argue for approval. But Cruz, who typically …
