As Oklahoma’s rig count slipped by one in the past week, from 44 to 43, the nation saw a significant gain of 7 rigs to a total of 589. The latest Baker Hughes rig count compared Oklahoma’s current rig numbers to 38 a year ago. Nationally, the count included a gain of 5 …
After analysts predicted the world will see a surplus of crude oil in the coming year, prices dropped by more than 1% on Friday. Adding to the woes, Oklahoma energy stocks fell as well. Observers say a supply surplus is likely even as OPEC+ decided to delay its output increases for three months. West Texas …
New Mexico environmental regulators have hit Targa Northern Delaware LLC with a nearly $48 million fine and orders to do nearly $140 million in completion of projects and improvements to a processing plant. The New Mexico Environment Department (NMED) initiated an enforcement action against Targa Northern Delaware, LLC, a subsidiary of Houston, Texas-based natural gas …
The head of the advocacy group, Americans for Free Markets says Oklahoma Attorney General Gentner Drummond has it wrong in defending the state’s anti-oil discrimination act, the one called the Energy Discriminations Eliminations Act. John Wittman, executive director of the coalition of groups in support of free markets and economic growth, recently wrote how …
Unit Corporation in Tulsa announced that its board of directors declared cash dividends for the fourth quarter and a special payment to shareholders. a quarterly cash dividend of $1.25 per share of common stock for the fourth quarter of 2024 to be paid on December 27, 2024, to shareholders of record as of …
The decision by OPEC+ to delay restarting its oil production growth by three months initially sent crude oil prices climbing on Thursday—then they settled lower about supply concerns. Reuters reported the Organization of Petroleum Exporting Countries and allies, better known as OPEC+, decided to wait three months before restarting increased oil production. It was …
The controversial Unita Basin Railway, the one that would transport oil from Utah, across Colorado and eventually to the Cushing Hub in Oklahoma, prompted U.S. Supreme COurt Justice Neil Gorsuch to recuse himself this week from the case. Arguments are scheduled for Dec. 10 but Gorsuch once was an attorney for Denver billionaire Philip …
After a contentious hearing in which Oklahoma Corporation Commissioner Bob Anthony attempted to question Oklahoma Natural Gas attorneys about their knowledge of any details of the sexual claims made against commissioner Todd Hiett, an Administrative Law Judge on Thursday ruled against a state legislator’s complaint against Hiett to have him removed from the …
** President-elect Donald Trump has selected Jared Isaacman, entrepreneur, pilot, and all-around space enthusiast, as the next NASA administrator, marking a major shift in the space agency’s leadership. ** A Chinese hacking campaign that has spied on the texts and calls of U.S. citizens by hacking telecommunications companies is significantly larger than previously known to the …
One Oklahoma legislator thinks it’s time the state lowered the gross production tax on oil and gas. Sen. Dusty Deevers, R-Elgin, issued the following statement regarding Oklahoma energy policy reaffirming his commitment to an Oklahoma First agenda of low energy costs and government efficiency. “Oklahomans have been very clear on their desire for …
