November 7, 2024 archive

Strong 3Q reported by Ascent Resources

  • November 7, 2024

  Ascent Resources Utica Holdings, LLC had another strong quarter in the third quarter claimed company Chairman and Chief Executive Officer, Jeff Fisher after releasing the earnings report this week. The Oklahoma City company reported its third quarter 2024 operating and financial results, showing $92 million in net income and adjusted net income of $97 …

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Royalty rate disputed in lithium development of Arkansas

  • November 7, 2024

    The Arkansas Oil and Gas Commission rejected a proposed royalty rate for lithium extraction in the state’s Smackover Formation. Lithium companies that have swarmed over southern Arkansas in search of the mineral from the brine to be used in EV batteries favored a 1.82% rate but the Commission said the firms did not …

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