A month after PHX Minerals, Inc. turned down an acquisition offer frm Philadelphia-based WhiteHawk Energy, its directors now say they wll consider a merger or sale of the company. The board of directors of the Fort Worth, Texas-based firm announced Thursday it agreed to “initiate a process to evaluate certain strategic alternatives to maximize …
Crude oil prices rose more than $1 a barrel on Wednesday and it wasn’t because of a new government in Syria. It came after the European Union took a stance to add more sanctions against Russia, a move that could result in tighter global crude supplies. European Union ambassadors agreed on Wednesday to a …
Imagine your natural gas bill doubling from November to December. It’s what customers of Summit Utilities in Arkansas are likely to face after regulators gave approval to a rate hike settlement. Based on the settlement agreement, it’s reported the average Summit Utilities customer can expect a $134 December bill. It is an agreement …
With Justice Neil Gorsuch recused from hearing the case, the Supreme Court on Tuesday heard arguments in Colorado’s fight against a proposed 88-mile railway to move oil from Utah and into Colorado. Some observers say based on questions from the justices, they appeared to lean in favor of supporters of the Uinta Basin …
** On Tuesday the U.S. House passed bipartisan ‘Good Samaritan’ abandoned mine cleanup legislation by voice vote. The bill passed the U.S. Senate unanimously in July, and President Joe Biden is expected to sign it into law. ** Texas researchers investigate a spike in seismic activity in the Permian Basin and its connection to the injection of roughly 50 billion barrels …
Based on a new report from the U.S. Energy Information Administration, it appears increased well productivity by 34 publicly traded U.S. oil exploration and production companies will make the U.S. the world’s top producer of crude oil for a seventh consecutive year. The identities of the 34 companies were not revealed in the report. …
This week’s Supreme Court decision regarding the efforts of three GOP legislators to stop Corporation Commissioner Todd Hiett might not have been what they wanted. But their hopes of doing something about his votes on utility rate cases could remain alive and rest in the hands of the Oklahoma Ethics Commission. For it …
Tuesday brought another increase in crude oil prices, largely because of expectations for increased demand in China and a possible squeeze on supplies in Europe as winter approaches. Traders were optimistic following reports that China might adopt a loose monetary policy in the coming year. Plus, there was the fact that China’s crude oil …
From Texas to North Dakota, Iowa, Minnesota and seven other states, but not Oklahoma, they will receive another energy handout worth millions of dollars from the outgoing Biden administration. The Department of Energy announced announced an investment of $17 million across 14 projects that will accelerate critical materials innovation while promoting safe, sustainable, economic, …
Improved permitting—it’s what President-elect Donald Trump is promising not only the oil and gas industry but other energy developers and those willing to invest in the U.S. Axios reported Trump’s latest promise of faster permitting is extended to any investing $1 billion in the U.S. And it’s not limited to energy investors. Click here …
