Oklahoma’s gross production tax revenue from oil and gas operations made a more than 6% gain in January from December 2024. The Oklahoma Treasurer’s office released the latest tax revenue figures showing the state had a $4.8 million or 6.1% increase from the last month of 2024 to the first month of 2025. The …
February 19, 2025 archive
Big earnings and record oil production for Devon Energy
“Exceptionally strong results,” is how Devon Energy’s President and CEO, Rick Muncrief, described the fourth quarter financial earnings for the Oklahoma City-based oil and gas company. Strong indeed. Net earnings for the quarter totaled $639 million or 98 cents a share while for all of 2024, Devon Energy’s net earnings were $2.9 billion or $4.56 …
Legislator faces opposition in anti-green energy and “humanure” bills
The efforts of one Oklahoma legislator to ban the use of Humanure as fertilizer in the state are being blocked in a House Committee. “I received word yesterday that my bill calling for a ban on the application of Humanure as fertilizer in the state of Oklahoma, HB 1726, will not be heard in committee. …
Energy briefs
** During an internal town hall meeting last week, roughly 40,000 Chevron employees were shown a video touting the oil giant’s success in Colorado as the largest oil and gas producer in the state. Less than 30 minutes later, executives announced plans to cut up to 20% of the global workforce, reported Reuters. ** Experts say the …
More Permian Basin earthquakes might lead to restrictions
Oil and gas operators in the Permian basin worry that two recent large earthquakes that hit the region this week might lead to more controls over water disposal practices. The deep water injection, very similar to what led to more restrictions in Oklahoma a few years ago, is under a brighter spotlight in west …
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