Crude oil prices dropped Wednesday to a 16-week low following the U.S. government shutdown. While the shutdown affected some trading, traders also had more worries about the planned output increase next month by OPEC+ members. Brent crude dropped 68 cents or 1.0% to close at $65.35 a barrel while West Texas Intermediate crude …
Crude oil stocks grew across the U.S. in the past week while the amount of oil in storage at Oklahoma’s Cushing Hub fell 200,000 barrels. The latest report from the U.S. Energy Information Administration indicated the Cushing Hub’s total crude oil in storage went from 23.7 million barrels the week of September 19 …
Tulsa’s Unit Corporation announced Wednesday its sale of its drilling subsidiary in a $120 million agreement with Cactus Drilling Company, L.L.C. It was an all-cash deal to selling Unit Drilling Company and approved by Unit’s board of directors. “Divesting our contract drilling business allows us to sharpen our strategic focus on our upstream …
The arrival of fall in Oklahoma not only produced a changing of the colors of trees but lower gasoline prices too. AAA Oklahoma reports the statewide average fell 5 cents in the past week from $2.68 a gallon to $2.63 per gallon for regular. A month ago, the state’s average was $2.78, meaning …
ONE Gas Reports Strong Second Quarter Tulsa-based ONE Gas Inc. (NYSE: OGS) will release its third quarter 2025 earnings after markets close on Monday, Nov. 3. The company will also host a conference call with analysts and investors on Tuesday, Nov. 4 at 10 a.m. CST (11 a.m. EST). The live webcast will be available …
Saltwater leaking into a creek might have been what caused the deaths of 25 head of cattle earlier this month in Caddo County, Oklahoma. Corporation Commission investigators discovered the saltwater was purging into Five Mile Creek from a site two miles upstream from the farmer’s livestock. The Commission asked two oil-and-gas operators close …
Rising Nuclear Investment in the U.S. Bloomberg Intelligence predicts nuclear power will see $350 billion in U.S. spending through 2050, boosting reactor output by 63%.The U.S. Energy Department is also considering diverting plutonium from nuclear weapons stockpiles to support power plants. Major Grid Expansion Plans California-based PG&E Corp announced plans to spend $73 billion by …
Government Shutdown and Energy Operations The 2025 government shutdown brings major questions about its impact on U.S. energy operations. Despite furloughs across federal agencies, critical work in fossil fuel development and energy regulation will continue. As reported by POLITICO, the Interior Department will keep certain employees on the job to process oil, gas, and coal …
Natural Gas Bills Set to Decline This Winter Good news is coming for millions of households as natural gas bills are projected to drop 8% this winter compared to the higher price averages of recent years. The American Gas Association (AGA) released its Winter Heating Outlook, highlighting affordability and reliability as the industry’s top strengths …
