Crude oil prices and Oklahoma energy stocks enjoyed positive territory on Thursday as oil rose 3% because of optimism over the trade talks between the US and China. Both are the world’s largest oil consumers and what comes out of the talks could have a big impact on oil distribution and production. Investors are …
Oklahoma Corporation Commission Chair Kim David is hopeful Gov. Kevin Stitt might step in and veto SB998, a utility construction bill approved this week in the Oklahoma House of Representatives. She joined opposition led by the AARP, an organization that immediately launched a campaign to urge the governor to veto the measure that it …
A bill seeking to protect utility customers from paying higher rates because of 2021’s Winter Storm Uri has not yet been considered by the full State Senate. It was not on the agenda on Thursday, which was the deadline for consideration of bills from the opposite legislative chamber. House Bill 1220 unanimously passed in the Oklahoma …
For the eighth consecutive year, ONE Gas has received an American Gas Association Safety Achievement Award for excellence in employee safety. The award was presented at the AGA 2025 Operations Conference on May 6 in Aurora, Colorado. Awards were given to companies of all sizes and types and are based on the Days …
The Oklahoma oil and gas operators in the Permian Basin face a growing competitor—Permian Resources revealed this week it made a $608 million acquisition of 13,320 net acres and 8,700 net royalty acres in New Mexico. Apache parent APA Corp. sold the acreage which is located near the core operating areas of Permian Resources, …
Unit Corporation reported it had improved first quarter income of $17.9 million or $1.80 per share. It was improved over the $16.1 million or $1.61 per share reported a year ago. Total revenues for the Tulsa-based company were $63.5 million during the quarter, down slightly from the $67.2 million reported for the three …
Oklahoma-based Ascent Resources Utica Holdings, LLC announced its first quarter earnings which included $210 million in adjusted net income and adjusted EBITDAX of $430 million. Considered one of the largest private producers of natural gas in the United States with operations focused in southern Ohio, the Oklahoma City company also reported a net …
ConocoPhillips announced that W.L. (Bill) Bullock, executive vice president and chief financial officer, will retire from ConocoPhillips after 39 years of distinguished service. Andy O’Brien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Bill as chief financial officer, effective June 1, 2025. Andy will also retain responsibility for Strategy, Commercial …
** The CEO of Diamondback Energy, Travis D. Stice, warned that tumbling oil prices will depress US crude output, predicting that American onshore production has peaked. Prices hit a four-year low on Monday, with WTI crude trading below $60 a barrel since the start of May. ** The Trump administration has denied federal assistance for …
Diamondback Energy CEO Travis D. Stice is out with an ominous warning about oil prices and production, claiming the U.S. oil industry is at a “tipping point.” And it is sure to get the attention of other producers. In a letter to shareholders, the head of the Texas company said the historic oil …
