Crude oil prices skidded downward on Monday falling nearly $1 a barrel while at the same time, Oklahoma energy stocks recorded moderate gains for the day. The drop in crude oil was attributed to economic concerns over how the U.S. and China trade war was affecting demand across the world. West Texas Intermediate crude …
The threat of severe weather across much of Oklahoma will exist for the next few days. Oklahoma Mesonet Climatologist Gary McManus wrote Monday it would be wise to make sure you are prepared for it. “Because here’s the deal, folks…the atmosphere is overperforming this year,” he stated. “Mother Nature has taken some steroids or …
Tulsa-based coal company Alliance Resource Partners L.P. released first quarter financial results showing a drop in coal production and a more than 17% plunge in total revenues. The company suffered declines in all categories of financial aspects of the quarter. But it’s hoping recent orders signed by President Trump will turn things around. …
As some of the Oklahoma legislative committees have ended their public meetings, dealing with energy bills, some considered live rounds and others that are still being fashioned with their “titles struck,” observers might want to be paying close attention to the behind the scenes efforts. It’s where the legislative “sausage” is made and in …
** Employees of ConocoPhillips face more layoffs after the oil company’s merger with Marathon Oil, which triggered sweeping job cuts in Houston last year, reported the Houston Chronicle. A spokesman for the Houston oil giant confirmed Friday that the company had informed employees about additional layoffs, but declined to specify how many or when the layoffs would …
Just as efforts to produce a Right of First Refusal bill in the Oklahoma legislature have faced opposition, so has the effort of Iowa Gov. Kim Reynolds in the Iowa legislature. Her 53-page bill, proposed in her Condition of the State address to the Iowa Legislature on Jan. 14, has seen little progress. …
Operators of the Keystone Pipeline indicate they managed to save and put some of the 3,500 barrels of crude oil from a pipeline leak back into the line. KFYR TV in Bismarck,North Dakota reports 3,100 barrels were recovered and 2,433 barrels were injected back into the line. Meanwhile, the damaged section of pipeline from …
One of the largest utilities in Texas, AEP announced it will begin a three-year plan to do more for the prevention of wildfires. Calling itself “one of the fastest growing transmission & distribution utility companies in Texas,” the company has a service area from the Panhandle in the north to the Rio Grande …
After finishing 2024 with its highest total corporation production volumes for a full calendar year since 2019, PHX Minerals Inc. in Fort Worth plans to release its first quarter financial results. The company, with core production efforts in Oklahoma, Texas, Louisiana, North Dakota and Arkansas, will release the results after the close of …
Only three of the nation’s oil and gas plays saw increased drilling activity in the past week, according to the latest Baker Hughes rig count, and two of them are in Oklahoma. The Nation’s rig count grew by 2 to reach 587 rigs and increases were recorded in the Granite Wash of Oklahoma …
