Author's posts
SLB tops quarterly profit estimates
SLB, the world’s top oilfield services provider we once knew as Schlumberger, said the headwinds experienced in 2025 are behind it and the company showed it by beating Wall Street estimates for fourth-quarter profit on Friday. Quarterly revenue accounted for nearly 22% of the total and rose nearly 26% as SLB’s acquisition of ChampionX last …
Solar moratorium proposed in Missouri
Governor backs temporary halt on commercial solar farms Missouri could become the first state in the nation to impose a statewide moratorium on commercial solar construction, following public support from Republican Gov. Mike Kehoe for legislation that would temporarily block new projects. During his recent State of the State address, Kehoe endorsed a bill introduced …
Firm drilling rig totals reported in Oklahoma
Little has changed when it comes to the number of oil and gas drilling rigs active in the state of Oklahoma over the past week. The count remained at 43 in the latest Baker Hughes Rig Count released on Friday and the state’s oil and gas plays saw no change in their numbers. The …
Coterra averaged $58 a barrel for oil in past quarter
Oil and gas exploration company Coterra Energy Inc. reports its average sales price of crude oil in the past quarter was a little more than $58 a barrel. The Houston-based company, in a form 8-K report filed with the Securities and Exchange Commission indicated the average sales price excluding hedges was $58.16 a barrel while …
ONE Gas schedules 4Q earnings release
Fourth quarter earnings for ONE Gas will be released in a few weeks. The Tulsa-based company said it plans a release of the fourth quarter and full year 2025 financial results after the market closes on Wednesday, Feb. 18, 2026. The ONE Gas executive management team will participate in a conference call the following day, …
Stillwater USA Rare Earth Wins Major Federal CHIPS Support
CHIPS Act-backed deal accelerates rare earth supply chain Stillwater-based USA Rare Earth, Inc. is giving up a potential 8% to 16% ownership stake in exchange for more than $1 billion in federal funding and loans, a move aimed at accelerating domestic production of rare earth minerals critical to semiconductors, permanent magnets, defense systems, and advanced …
GM to end EV car production at Kansas City plant
Production shift away from electric vehicles General Motors will end production of its Chevrolet Bolt EV at the Fairfax Assembly Plant in Kansas, replacing the electric vehicle with gas-powered models as part of a broader restructuring of its North American manufacturing footprint. The company confirmed to TechCrunch that production of the 2027 Chevy Bolt EV …
Energy briefs
** Winter Storm Fern knocks out power to more than 1 million customers across the U.S., with outages concentrated in Louisiana, Mississippi, and Tennessee. The ongoing storm causes a surge in natural gas power plant outages and restricted gas supplies in the mid-Atlantic, and has New England leaning heavily on oil-fired power plants to meet …
Oklahoma avoided ice storm—other states did not
Oklahoma escaped extreme damage including power outages from Winter Storm Fern who raced across the state and left behind up to 12 inches of snow as a calling card. Residents were luckier than those in Texas and several other states where power outages affected more than 1,000,000 customers following the arrival of sleet, freezing …
Energy briefs
** A major winter storm has left more than 1,000,000 customers without power and resulted in the cancellation of more than 16,000 flights, as heavy snow, sleet, freezing rain and frigid temperatures hit a massive swath of the U.S. this weekend. ** Michigan Attorney General Dana Nessel is suing some of the world’s largest oil companies, accusing them …