After a big day of improved oil prices on Tuesday, they fell more than 1% on Wednesday while Oklahoma energy stocks saw moderate gains for the day. Crude prices dropped ahead of this weeken’s U.S. and China trade talks. Brent crude fell 77 cents or 1.24% to close at $61.38 a barrel. West Texas …
Sen. Mark Mann, D-Oklahoma City, has filed legislation urging the Texas Legislature to continue funding its share for the Heartland Flyer after reports that the state was considering ending their support. The passenger rail service connecting Oklahoma City and Fort Worth could end within weeks without that appropriation. Operating costs for the Heartland …
Crude oil supplies in storage at Oklahoma’s Cushing Hub and across the U.S. fell in the most recent reporting period according to the U.S. Energy Information Administration. Cushing’s total fell 700,000 barrels from 25.7 million barrels recorded the week of April 25 to the 25 million barrels as of the week of May 2, …
Customers of Oklahoma Natural Gas started getting notices in the mail this week about their rates going up again, should the increases be approved by the Oklahoma Corporation Commission. It could mean another $2.12 more a month for most residential customers. In the “Dear Customer” letter, ONG gave details of its Application with …
Energy Transfer LP, the company that acquired Oklahoma City-based Enable Midstrean Partners, LP in 2021 and expanded its operations to 114,000 of pipelines across the U.S. said it had improved first quarter net income of $1.32 billion or 37 cents a share. The Dallas company said it beat the $1.24 billion reported in the …
Mammoth Energy Services, Inc. reported it not only saw increased total revenue of $62.5 million in the first quarter of 2025 but a reduction in its net losses. The Oklahoma City energy company reported financial and operational results for the first quarter ended March 31, 2025 with total revenue up nearly $20 million compared …
Almost lost in this week’s first quarter earnings report from Devon Energy was the firm’s sale of its interest in the Matterhorn Express Pipeline in Texas. Devon’s first quarter financial release included the brief statement that it had sold its equity interest in the line for approximately $375 million. “The transaction is subject to …
Scott Mitchell talks energy with Jerry Bohnen, focusing today on the Oklahoma Ethics Commission decision to clear Corporation Commissioner Todd Hiett of conflict of interest charges. At the same time, the State Supreme Court has allowed the lawsuit by legislators challenging Hiett’s votes to move forward. Plus! The legislature’s approval of an energy bill …
Just a few days after the Oklahoma Ethics Commission cleared Corporation Commissioner Todd Hiett of a “conflict of interest” claim by three legislators, the state supreme court moved to allow their lawsuit against Hiett to continue. It turned out to be a defeat for the Commission and Attorney General Gentner Drummond. On Monday, …
The ongoing debate over Oklahoma’s enforcement of a bill passed in 2022 to stop some financial firms from discriminating against the oil and gas industry is far from over. The Energy Discrimination Elimination Act and the feud between Treasurer Todd Russ and Attorney General Gentner Drummond prompted an opinion piece from John Wittman, executive …
