Whether it will result in a speedup of drilling requests in Oklahoma’s Osage County is a question that remains to be seen, but the government says it will adopt plans to reduce delays in permitting oil and gas drilling on federal and Indian lands. Technically, all of Osage County is considered to be under the control …
It’s been 17 years since Exxon Mobil Corp has seen a quarterly report as weak as the one it just reported for the second quarter of 2016. The company earned $1.7 billion but the earnings were down 59 percent from a year ago as Chairman and CEO Rex Tillerson said the results “reflect a volatile …
U.S. oil futures settled higher on Friday as investors remained concerned about oil inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude added 46 cents, or 1.1%, to settle at $41.60 a barrel. For the week, prices were down 5.9% and saw a monthly loss of 13.9%. The …
Oklahoma City-based Blueknight Energy Partners L.P. will release its second quarter 2016 financial results Tuesday, August 2, 2016. The release will come after the close of markets on Tuesday then the Partnership will discuss the results during a Wednesday conference call at 1:30 p.m. CDT. Blueknight Energy owns and operates midstream energy assets of nearly …
Oil and gas rig counts in Oklahoma and the U.S. moved upward slightly in the past week with the state’s count growing by one to 60 and the nation adding one to hit 463, according to figures from Baker Hughes Co. of Houston, Texas. Oklahoma’s count of 60 compares to 107 a year ago. Nationally, the U.S. …
The SandRidge Mississippian Trust I headquartered in Austin, Texas announced a quarterly distribution for the three-month period ended June 30 of $1.2\ million or $0.0412 per unit. The official distribution is expected to happen on or before August 26 to holders of record. The trust indicated total sales volumes were slightly lower than the previous …
Ethanol production in the U.S. dropped last week from the previous week’s historic high. Figures from the U.S. Energy Information Agency indicated production dropped 31,000 barrels a day, resulting in an average daily production of 998,000 barrels or 41.92 million gallons a day. Ethanol production had exceeded a million barrels a day in five of …
Houston, Texas-based Sabine Oil and Gas Corp. has won approval of a Manhattan judge for its financial reorganization, clearing the way for the producer to come out of Chapter 11. The independent company filed more than a year ago and had been fighting creditors ever since. But U.S. Bankruptcy Judge Shelley chapman recently held a …
The final Fiscal Year 2016 revenues for the state of Oklahoma came in nearly 10 percent below the official estimate and they showed once again, oil and gas revenues were dismal not only for June but for the year. Wait till you read just how much. June General Revenue Fund collection missed the estimate by …
Natural gas futures commanded center stage on Thursday, rallying to their largest one-day percentage gain of the year as weakened oil futures continued on a spiral decline, according to Bloomberg MarketWatch. On its first full trading day as a front month contract, September natural gas rose 21.3 cents, or 8%, to settle at $2.873 per …
