The nation’s oil and gas rig count was unchanged over the past week but exploration in Oklahoma is on the upswing as the number of rigs increased to a total of 51. The latest Baker Hughes Co. rig count showed a gain of 2 rigs in Oklahoma, the only state to record any increase …
Mach Natural Resources recorded lower fourth quarter net income but still intends to press ahead in 2025 with $280 million in capital expenditures on well exploration and development. The Oklahoma City company reported financial and operating results for the three and twelve months ended December 31, 2024. In addition,Mach improved its available free cash …
Charging utility customers for projects under construction? It’s what the Missouri legislature approved and sent to the desk of Gov. Mike Kehoe. The Missouri Independent reported the state House recently voted to repeal a more than 50-year old utility consumer protection law. Click here for Missouri Independent
** Chevron is advancing plans to tap into data center power demand, with the oil major recently entering the permitting and engineering phases for multiple U.S. sites to develop the centers and the electricity to supply them, a company executive told Reuters this week. ** The rapid development of AI data centers is intensifying concerns …
Not only did crude oil prices bounce back upward on Friday but so did Oklahoma energy stocks—some as much as 6%. Crude prices rose by 1% and stayed nearly unchanged for the week. Analysts explained investors considered the prospects of a fast end to the war in Ukraine which might result in more demand …
