Oil Prices dip on global glut anxiety The nagging worry about a possible oil glut across the world sent crude Oil Prices slipping a little in Thursday’s trading. However, traders warn that repeated drift lower reflects structural supply discomfort rather than a single-session sentiment swing. Oklahoma Energy analysts continue to monitor OPEC+ supply discipline closely …
Category: Oil & Gas
BLM nominee draws criticism in his home state
New Mexico nomination fuels BLM policy tension Former New Mexico Congressman Steve Pearce was nominated this week by President Trump to be director of the Bureau of Land Management, an agency that controls certain public lands not only in Oklahoma and across the nation. Additionally, Oklahoma Energy observers track BLM leadership shifts closely because federal …
Another strong quarter for Ascent Resources
The third quarter net income of $328 million for Ascent Resources prompted its president Jeff Fisher to call it an “exceptional quarter of operational and financial results.” Ascent released its third quarter earnings report this week showing adjusted net income of $206million, adjusted EBITDAX of $443 million. Cash flows from operations totaled $479 million …
SandRidge Energy posts strong quarter with higher production
SandRidge Energy reports another strong quarter Leadership at SandRidge Energy called it “another strong quarter” as the Oklahoma City energy company showed third quarter net income of $16 million or 44 cents a share. Additionally, Oklahoma Energy analysts track these ongoing quarterly improvements closely since they reflect sustained operational uplift rather than one-time pricing spikes. …
Oil group fights OGE battery project
CWIP request triggers new internal energy divide One of the groups that signed on in support of the controversial CWIP request by Oklahoma Gas and Electric Company to cover construction costs for added electric generation projects is also putting up a strong fight against one part of the utility’s request. Additionally, this dispute puts a …
EIA data shows new wells offset declines in Lower 48
Data source: Enverus Note: Well vintage is the year a well first begins producing crude oil or natural gas EIA report: new wells offset steep decline rates As U.S. crude oil and natural gas production have increased, so has the volume of production declines from existing wells.Additionally, steep decline curves continue to reshape capital allocation across unconventional basins. …
Devon’s 3Q—“best results of the year” according to CEO
Devon confident in 2026 outlook strength Clay Gaspar, President and CEO at Oklahoma City’s Devon Energy continued that the company’s outlook for 2026 “is even stronger than our current trajectory.”However, he said Devon plans to continue its production levels while further lowering capital requirements and building on momentum established this year.Additionally, management wants to extend operational …
Williams leaders confident of need for natural gas
Williams signals robust natural gas demand ahead With his company recording a 13% third quarter gain in adjusted earnings, Williams Cos. CEO and President Chad Zamarin could feel confident this week in telling a conference call there is a “very robust need” for natural gas across the entire footprint the company operates. Additionally, Oklahoma Energy …
Energy Brief: Amazon, China COP30, Russia refinery
Amazon power supply complaint ** Amazon files a complaint with Oregon regulators accusing PacifiCorp of failing to meet obligations to provide the tech giant’s data centers with sufficient power.Additionally, this signals growing strain between hyperscale load and regulated utility delivery as rapid data center buildout accelerates U.S. electricity demand. Georgia utility election backlash ** Georgia …