It wasn’t a major drop, but the nation’s number of oil and gas rigs active in the pursuit of new energy declined in the past week, according to the latest report from the Baker Hughes Co. The number declned by 2 to 585 active oil and gas rigs while Oklahoma’s count slipped by one, …
A new report from the government shows the fall harvests in Oklahoma and other agricultural states will result in increased demand for what are known as distillate fuel oil…in other words, a demand for more diesel fuel to run the tractors and harvesters. Data source: U.S. Energy Information Administration, Short-Term Energy Outlook Note: Total distillate fuel oil includes petroleum-based …
Oklahoma Attorney General Gentner Drummond has yet to comment publicly, but he experienced a legal setback at the U.S. Supreme Court where he led a challenge of the EPAs stringent rules of methane emissions from oil and gas operations. The Court turned down the request he and other attorneys general filed in …
Houston’s Coterra Energy Inc. , another energy firm with exploration and operations in Oklahoma, probably has high hopes of not being “trick or treated” on Halloween night as it releases its third quarter financial report on that date. The company announced its release date will be Thursday, October 31 after the market closes. A …
After a second quarter of $1.31 billion in net income, Energy Transfer LP prepares to release its third quarter earnings report in early November. The Dallas-based company, with offices in Oklahoma City and operations throughout the state and the nation, plans a release on Wednesday, Nov. 6 after the market closes. A conference call …
** Stellantis (STLA) reported another quarter of plunging sales as the company behind brands such as Jeep and Chrysler attempts to fix its so-called “disaster.” The automaker sold 305,294 vehicles in the U.S. between June and September, a 20% decline compared with a year earlier. That follows a second quarter marked by a similar 21% year-over-year decline. ** -Rivian Automotive has …
Crude oil prices had their biggest weekly gains in more than a year because of the expanded fighting in the Middle East where Israel launched a ground attack on Hezbollah in Lebanon and Iran opened fire with a missile attack on Israel. As a result, nervous investors still feared the attack might lead to destruction …
ConocoPhillips just made a $300 million acquisition of some of Chevron’s operations on Alaska’s North Slope. The purchase involved parts of the Kuparuk and Prudhoe Bay oil fields which were owned by Chevron USA. The deal is expected to close by the end of the year, according to the Alaska Beacon. Click here for …
Ratepayers of Kansas Gas Service, one of the subsidiaries of ONE Gas in Oklahoma will see their monthly utility bills go up after the firm won a rate hike from the Kansas Corporation Commission. The KCC approved a $35 million rate hike which means the average ratepayers, out of the company’s 650,000 residential …
Crude oil prices didn’t just gain on Thursday as the Middle East fighting expands and boils over, they soared, going up close to $4 a barrell. And Oklahoma energy stocks shot up as well with one firm seeing a nearly 10% gain for the day. It’s a sign that investors believe Israel’s response to Hezbollah …
