A new Dallas Fed survey finds growing uncertainty in the Texas oil patch. Plus, it found a slight decline in oil and gas production in the state. The business outlook in the U.S.’ largest oil and gas patch has “deteriorated,” according to a new Dallas Fed survey of producers and oilfield service (OFS) …
**The Environmental Protection Agency has placed roughly 140 employees on administrative leave days after they signed a public letter expressing concern about the treatment of federal employees and the Trump administration’s regulations on climate and public health. ** The arbitrators in a legal dispute between Exxon Mobil and Hess have reached a decision related to a major …
Just as the nation’s number of active oil and gas rigs has been declining over the past few months, Oklahoma is joining the movement. The nation’s count dropped by 8 to 539 rigs. The latest Baker Hughes rig count, released on Thursday, showed the number of active rigs pursuing new oil and gas resources …
A widow’s challenge of a Coal County District Judge’s decision in the Dec.. 18, 2014 natural gas rig fire and explosion that killed three men lost her appeal to the Oklahoma State Court of Civil Appeals. In a ruling by Judges Jane P. Wiseman, John F. Fische and Gregory C. Blackwell, the judges …
Thursday, the last trading day before the July 4th holiday in the U.S. brought a slight decline in crude oil prices and it was largely blamed on concerns that U.S. tariffs might slow energy demand. The President’s 90-day pause on higher tariffs comes to an end on July 9 and some large trading partners, …
Alaska Governor Mike Dunleavy is unabashed in his declaration that the oil in Alaska is the country’s national security security. Saying it’s a “new day” with President Trump in the White House, the governor proclaimed his state, with proven reserves of 3.4 billion barrels of oil and 125 trillion cubic feet of natural gas, …
When Iran ended its cooperation with the U.N. nuclear watchdog, crude oil investors responded with increased trading, no doubt because of concerns that Middle East oil production might be interrupted. As a result, crude oil prices rose 3% on Wednesday. One positive note was the trade deal reached between the U.S. and Vietnam. Prices …
One Oklahoma City energy executive paying close attention to the One Big Beautiful Bill is Mark Behrman, President and CEO at LSB Industries Inc. He will be focused on the energy tax credits that could be affected. LSB Industries is one company that is taking advantage of some of those credits and Berhman …
The amount of crude oil in storage across the U.S. inceased by nearly 4 million barrels at the end of June, according to the latest crude report from the U.S. Energy Information Administration. Oklahoma saw a decline in its oil held in storage at the Cushing Hub. The U.S. total went from 415.1 …
The Southwest Power Pool plan to expand into western states is getting more and more members. A SPP announcement made this week indicating its Markets+ program was in a second phase of development, also revealed eight entities spanning the Desert Southwest, Pacific Northwest and Mountain West regions of the Western Interconnection have signed these agreements, demonstrating …
