After recent losses, crude oil prices rebounded Wednesday by nearly 2%, largely because U.S. crude stocks, such as those held at the Cushing Hub in Oklahoma, dropped more than expected. Plus, there was the impact of a weaker U.S dollar which overshadowed signs of lower economic growth in China, according to Reuters. The U.S. touchstone, …
Both the Cushing Hub and the nation reported another drop in crude oil stocks over the past week. The U.S. Energy Information Administration stated the amount of crude oil in storage at the Cushing Hub in northern Oklahoma dropped by 800,000 barrels of oil. It fell from the 33.5 million barrels recorded on July …
The company behind those J.B. Hunt trucks you see on the highways and interstates is hurting…hurting to the tune of a 28% drop in earnings compared to a year ago. J.B. Hunt Transport Services Inc., headquartered in Arkansas reported this week its second-quarter income fell for the fifth consecutive quarter. Its net income was …
Bergey Wind Power Company of Norman, Oklahoma is among a dozen firms named as recipients of part of more than $3 million in federal government funding to advance distributed wind turbine technology. Bergey Wind will receive an award of $500,000 to implement advanced blade manufacturing processes to help meeting growing demand and reduce costs. …
More groups, not just environmentalists, are stepping up in opposition to the approval by Iowa regulators for a large carbon dioxide pipeline system in their state. The Iowa Capital Dispatch reports at least eight requests were filed in the past week with the Iowa Utilities Commission asking it to reconsider the approval for Summit …
After increased earnings and production in the first quarter of the year, Williams Cos. will release details in a few weeks how operations fared in the second quarter. The Tulsa-based company plans to release its second-quarter 2024 financial results after the market closes on Monday, August 5. A day later, executives will lead a …
At the end of the month, investors in Oklahoma City’s Chesapeake Energy Corporation will learn just how well the energy firm performed in the second quarter of the year…this while the company waits on federal approval of its merger with Southwestern Energy. Chesapeake plans a release of the operational and financial results after the …
Second quarter earnings will be released by Tulsa-based Vital Energy, Inc. in early August and investors are no doubt anxious to see if the firm continued with its record oil production in the Permian Basin. The independent energy company plans to issue the second-quarter financial and operating results after the market closes on Wednesday, August …
All of the exploration and production by such Oklahoma energy companies such as Devon Energy and Vital Energy in the Permian Basin added to turning the giant shale play into an economic powerhouse for Texas and New Mexico. The Odessa American reported an Economic Report from the Permian Strategic Partnership (PSP) highlighted the region’s …
While a new economic report shows how the oil and gas production in the Permian Basin is adding billions of dollars to the ecocnomy in Texas, New Mexico and the US, two journalists want a massive cut in energy production—-all in the name of reducing methane gas emissions. They also say the government should …
