The borrowing ability of Fort Worth-based PHX Minerals Inc. is unchanged following a regularly scheduled semi-annual redetermination of the firm’s senior secured credit facility. Following the review, the facility reaffirmed PHX’s existing $50 million borrowing base with no changes to pricing, covenants or other material terms, according to a company announcement. Further, the Maturity …
Crude oil prices finished up on Friday but down for the week. The gain in prices on Friday came after Iran downplayed Israel’s missile attack which came days after Iran sent hundreds of missiles and drones over Israel. West Texas Intermediate crude gained 41 cents or 0.5% to reach $83.14 a barrel on the New …
Crude oil prices remained close to a three-week low after Thursday’s trading after the US resumed sanctions against Venezuela and Iran while tensions seemed to cool a little in the Middle East where Israel still could produce a military response to Iran’s attack. West Texas Intermediate crude, considered the US benchmark rose 4 cents or …
Gasoline prices are holding at higher amounts this week, reaching an average of $3.22 per gallon across Oklahoma. It’s a penny less than a week ago but 15 cents more than one month ago reports the American Automobile Association. Still, you could live in California where the average is up to $5.45 a gallon. …
As it prepares for its merger with Southwestern Energy later in the year, Oklahoma City-based Chesapeake Energy Corporation plans a release of its first quarter operational and financial results. They will be made public after the close of markets on Tuesday, April 30. Company leaders plan to take part in a conference call the …
Colorado legislators made another recent step against crude oil being transported by rail through the state from Utah. The House okayed legislation to limit the length of trains in order to reduce chances of a hazardous spill. It’s the latest volley against the Uinta Basin Railway which has gone to the US Supreme …
The first quarter earnings report by Oklahoma City’s Gulfport Energy Corporation will be released in a few weeks. The company scheduled the release on Tuesday, April 30 after the close of markets. Leadership will holding a teleconference and webcast to discuss the results at 9 a.m. Central Time the following day, Wednesday, May …
While waiting on an extended Federal Trade Commission probe of its merger with Chesapeake Energy, Southwestern Energy plans a release of its first quarter financial results on May 2. The release will be following the close of markets, but because of the pending merger, company leaders do not plan a conference call or webcast …
** The Biden administration is reimposing sanctions on Venezuelan oil, it said Wednesday. The administration said it would renew sanctions that it temporarily lifted in October after Venezuela did not make sufficient progress toward a fair election. Companies will have 45 days to wind down their transactions with the nation’s oil and gas sector. ** The costs of enduring climate change …
Crude oil prices and Oklahoma energy stocks were down in Wednesday’s trading….oil by 3% due to an increase in US commercial inventories along with weaker economic data out of China. Analysts suggested that investors are still keeping a wary eye on what develops in the Middle East where Israel is contemplating a response to …
