The nation’s oil and gas rig numbers took another decline in the past week and included a fall for the number of rigs in Oklahoma. Baker Hughes reported on Friday Oklahoma’s count dropped by two rigs, leaving 43 active oil and gas rigs. It compares to 51 rigs reported a year ago. Nationally, the …
Oklahoma City’s Ascent Resources Utica Holdings appears to be one of the nation’s natural gas producers that hasn’t been greatly impacted by the slump in national gas prices. The company revealed its first quarter financial report showing $86 million in net income and $218 million in adjusted net income, results that Ascent Chairman and …
** Former President Donald Trump is more than happy to fulfill the oil and gas industry’s wish list if he’s reelected — but he has an asking price. Trump reportedly solicited top oil and gas executives to give $1 billion for his campaign to return to the White House, vowing in return to undo many of President Joe Biden’s …
Not only did crude oil prices take a dollar-a-barrel slide in Friday’s trading but Oklahoma energy stocks recorded losses for the day. It came after U.S. central bank leaders indicated higher-for-longer interest rates, an action that could slow demand from the world’s leading crude consumers. West Texa Intermediate crude dropped $1 or 1.3% to settle …
Oklahoma Attorney General Gentner Drummond obviously didn’t like the ruling by an Oklahoma County District Court judge regarding the lawsuit filed against the state treasurer over enforcement of the state’s energy discrimination elimination Act. He fired the hand-picked attorneys who represented Treasurer Todd Russ in the lawsuit filed by state retiree Don Keenan who challenged …
Information that suggests there could be increasing fuel demand from the U.S. and China on Thursday led to gains in crude oil prices. Analysts felt the gains would have been stronger had it not been for energy data also showing gasoline and diesel demand last week was the weakest since the 2020 coronavirus epidemic. West …
When Oklahoma Attorney General Gentner Drummond went before a House committee hearing this week, he indicated he would not back off his challenges with what he suggested was the EPA’s burdensome rules and regulations. Drummond didn’t wait long to show Congress and the EPA he meant business as he is leading a 14-state coalition in filing …
PHX Minerals Inc. Logo The first quarter for PHX Minerals Inc. brought about a net loss of $0.2 million or a penny a diluted share, according to the financial and operating results released by the Fort Worth-based company. The company experienced a 40% drop in revenue from natural gas,oil and NGL, but primarily, …
The first quarter financial results for Tulsa’s Vital Energy might have shown a net loss of $66.1 million or $(1.87) per diluted share, but the company still had record oil production, thanks to a large drilling effort in the Permian Basin. Vital’s adjusted net income for the quarter totaled $68.1 million or $1.84 per adjusted …
At one point a few years ago, Ovintiv Inc. was reporting large producing oil wells in Oklahoma’s STACK play…a 3,000-barrel a day here and a 3,200 barrel a day well there. All it seems were in Kingfisher County. But the Denver-based company reported it did not turn in line or turn any wells …
