While the number of oil and gas rigs across Oklahoma was unchanged over the past week, the count grew to 548 across the U.S. The latest Baker Hughes Rig Count, released on Friday, showed a gain of 2 rigs for the national total. The number of oil rigs was unchanged at 414 while there …
Crude oil prices made slight gains on Friday after dipping at mid-day. Increases came following President Trump’s meeting with Hungary’s Prime Minister Viktor Orban where they discussed making an exception for his country to use Russian crude oil. Prices had fallen earlier in the day as global benchmark Brent registered a loss on the …
Ford Considers F-150 Lightning Withdrawal as EV Sales Expectations Fall Ford reportedly discussed scrapping its electric F-150 Lightning. The automaker expects energy sector EV sales to fall over the next few years. Ford leadership now questions near term EV adoption curves. The company sees stubborn pricing compression and higher consumer hesitancy. Industry analysts said weakening …
https://www.facebook.com/reel/1321124226415352 Guess what’s the big topic in the latest Mitchell talks energy with Jerry Bohnen? CWIP and the possible higher costs for ratepayers on projects they have to wait on. Could a vote this week by Corporation Commissioners result in a constitutional challenge of the new law? It’s the speculation as Scott Mitchell and …
Oil Prices dip on global glut anxiety The nagging worry about a possible oil glut across the world sent crude Oil Prices slipping a little in Thursday’s trading. However, traders warn that repeated drift lower reflects structural supply discomfort rather than a single-session sentiment swing. Oklahoma Energy analysts continue to monitor OPEC+ supply discipline closely …
New Mexico nomination fuels BLM policy tension Former New Mexico Congressman Steve Pearce was nominated this week by President Trump to be director of the Bureau of Land Management, an agency that controls certain public lands not only in Oklahoma and across the nation. Additionally, Oklahoma Energy observers track BLM leadership shifts closely because federal …
The third quarter net income of $328 million for Ascent Resources prompted its president Jeff Fisher to call it an “exceptional quarter of operational and financial results.” Ascent released its third quarter earnings report this week showing adjusted net income of $206million, adjusted EBITDAX of $443 million. Cash flows from operations totaled $479 million …
SandRidge Energy reports another strong quarter Leadership at SandRidge Energy called it “another strong quarter” as the Oklahoma City energy company showed third quarter net income of $16 million or 44 cents a share. Additionally, Oklahoma Energy analysts track these ongoing quarterly improvements closely since they reflect sustained operational uplift rather than one-time pricing spikes. …
CWIP request triggers new internal energy divide One of the groups that signed on in support of the controversial CWIP request by Oklahoma Gas and Electric Company to cover construction costs for added electric generation projects is also putting up a strong fight against one part of the utility’s request. Additionally, this dispute puts a …
