December 20, 2024 archive

Crude oil saw slight gains on Friday

  The gains made by crude oil prices on Friday were small enough to declare that they held steady in trading. Oklahoma energy stocks took advantage to record gains. Analysts explained Chinese demand and interest rate-cut expectations played a role, according to Reuters, as day information that showed U.S. inflation was cooling. West Texas Intermediate …

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No change in Oklahoma’s rig numbers

  Oklahoma’s oil and gas rig activity held steady in the past week with a count of 43 rigs, unchanged from the previous reporting period by Baker Hughes. It compared to Texas where the count grew by one to 285 rigs. New Mexico fell one to 103 and North Dakota held at 35 rigs. Louisiana …

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Judge orders Enel Green to remove Osage County wind farm

  Not only did a Tulsa federal judge rule this week that Enel Green Power has to remove 84 wind towers it installed years ago on Osage land in northeast Oklahoma, the firm and two of its subsidiaries owe more than $36 million in attorney fees. This is the case where the Osage Minerals Council …

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