It wasn’t a major drop, but the nation’s number of oil and gas rigs active in the pursuit of new energy declined in the past week, according to the latest report from the Baker Hughes Co. The number declned by 2 to 585 active oil and gas rigs while Oklahoma’s count slipped by one, …
Nearly 100 Oklahoma Gas & Electric company line crew members are entering their second week in restoration of electrical power in Georgia following the deadly arrival of Hurricane Helene. As of Sunday, the death toll in the states devastated by the hurricane stood at 232 but some towns were destroyed and an estimated 2 …
A new report from the government shows the fall harvests in Oklahoma and other agricultural states will result in increased demand for what are known as distillate fuel oil…in other words, a demand for more diesel fuel to run the tractors and harvesters. Data source: U.S. Energy Information Administration, Short-Term Energy Outlook Note: Total distillate fuel oil includes petroleum-based …
The major electrical transmission line we reported last week that is eligible for more than $300 million in federal funding and will stretch 400 miles West to East across Oklahoma is something of a resurrection of a failed line proposed 6 years ago. The Cimarron Link, one of four major lines to get $1.5 …
Oklahoma Attorney General Gentner Drummond has yet to comment publicly, but he experienced a legal setback at the U.S. Supreme Court where he led a challenge of the EPAs stringent rules of methane emissions from oil and gas operations. The Court turned down the request he and other attorneys general filed in …
If you are an avid follower of the state’s big plans involving hundreds of millions of dollars in federal funding to expand rural broadband service in the state, you’ll want to know this week’s Oklahoma Broadband Commission board meeting has been canceled. It was scheduled for Tuesday morning at 10 o’clock, October 8. …
Houston’s Coterra Energy Inc. , another energy firm with exploration and operations in Oklahoma, probably has high hopes of not being “trick or treated” on Halloween night as it releases its third quarter financial report on that date. The company announced its release date will be Thursday, October 31 after the market closes. A …
After a second quarter of $1.31 billion in net income, Energy Transfer LP prepares to release its third quarter earnings report in early November. The Dallas-based company, with offices in Oklahoma City and operations throughout the state and the nation, plans a release on Wednesday, Nov. 6 after the market closes. A conference call …
** Stellantis (STLA) reported another quarter of plunging sales as the company behind brands such as Jeep and Chrysler attempts to fix its so-called “disaster.” The automaker sold 305,294 vehicles in the U.S. between June and September, a 20% decline compared with a year earlier. That follows a second quarter marked by a similar 21% year-over-year decline. ** -Rivian Automotive has …
Crude oil prices had their biggest weekly gains in more than a year because of the expanded fighting in the Middle East where Israel launched a ground attack on Hezbollah in Lebanon and Iran opened fire with a missile attack on Israel. As a result, nervous investors still feared the attack might lead to destruction …
