An investigation is underway to determine whether those forever chemicals are located in well water near Fort Sill and the McAlester Army Ammunition Plant. The Army and the Environmental Protection AGency plans to test the water as well at more than half a dozen Army posts in the states of Alabama, California, Georgia, Kentucky, …
August 2, 2024 archive
Oil prices hit 8 month low on Friday while OK energy stocks tumbled
Not only did crude oil prices fall Friday to their lowest levels since January, but Oklahoma energy stocks also tumbled, some as much as 7%. The crude price drop came after the U.S. economy added fewer jobs than expected in July and unemployment rose. West Texas Intermediate, the US benchmark, dropped $2.79 r 3.66% per …
Mitchell Talks Energy with Jerry Bohnen as they explore the Todd Hiett scandal
It’s no surprise what Scott Mitchell and Jerry Bohnen lead in their weekly discussion of energy news on Mitchell Talks Energy…. of course it is the scandal surrounding Oklahoma Corporation Commissioner Todd Hiett and the claims he drunkenly tried to grope a man during a convention in June. Not just any man, but reportedly …
Democratic leader calls again for special session to impeach Todd Hiett
Oklahoma state House Democratic leader Cyndi Munson didn’t get a response from Gov. Kevin Stitt this week when she asked him to call a special session of the legislature to impeach Corporation Commissioner Todd Hiett. Her call came after revelations of accusations that Hiett, a Republican, was drunk at a national convention in June and …
Nation’s oil and gas rigs numbers slip—Oklahoma remains steady
The number of oil and gas rigs actively pursuing new production in the U.S. dropped by three to 586 in the past week, according to the latest rig count released by the Baker Hughes Co. At the same time, Oklahoma’s count remained at 35 with no change. A year ago, the state recorded 39 …
Energy briefs
** Exxon Mobil on Friday posted a better-than-expected $9.2 billion second-quarter profit based on rising oil prices and volume gains from its purchase this year of shale oil firm Pioneer Natural Resources. Exxon delivered a $2.14 per share profit that beat analysts’ estimates on oil production and pricing gains that offset refining weakness. ** A U.S. circuit …
More companies to increase crude oil production this year
Coterra Energy Inc. is among a handful of oil and gas companies planning to produce more oil this year—more than originally planned. The company joined EOG Resources and Civitas Resources Inc. in admitting such plans, a move seen by some that could see the U.S. supply of oil being larger than expected. The three oil …