Nearly two months after Continental Resources announced it had signed an agreement to conduct drilling operations in Argentina, the company has yet to see any production. “At the time of this filing, our 2026 activities in Argentina have no production or revenues and represent an immaterial portion of our consolidated assets,” stated the company …
** Exxon is asking shareholders to approve moving its formal incorporation from New Jersey to Texas, citing a more favorable legal and regulatory environment. New Jersey has the highest corporate tax rate in the nation. ** Advocates and Texas officials in the petrochemical hub of Corpus Christi warn of a “water emergency” within months that could disrupt …
A trip to Washington state last year to visit the Pacific Northwest National Laboratory sparked Rep. Nick Archer to wonder….why shouldn’t Oklahoma have a similar laboratory focused on natural gas and other energy research? It’s the story behind his HB3176 which won passage Tuesday in the House on a 51-37 vote. Archer, a Republican from …
Despite becoming the world’s biggest producer of crude oil in the past decade, surpassing Saudi Arabia and Russia, the U.S. exported less oil in 2025 than in 2024, according to a new report by the U.S. Energy Information Administration. The EIA said annual oil exports from the U.S. fell 3% from the previous year and …
After soaring Monday to hit $119 a barrel, crude oil prices finished down while the military attacks by the U.S., Israel and other middle eastern countries continued against Iran. Reuters indicated early in the session, Brent soared by $26.81 to $119.50 a barrel, and WTI hit a session high of $119.48. Those were the highest …
A new report from Baker Hughes shows oil and gas drilling remains strong in Oklahoma with an unchanged rig count of 45. The Rig Count indicated no change where the drilling remained the strongest in the Cana Woodford as the count stayed at 22 active rigs. The Anadarko Basin is clearly active with drilling. …
A challenge to the Supreme Court of Oklahoma’s new Construction Work in Progress could be the constitutional challenge some had argued was needed when the law was created in 2025 by the state legislature. Oklahoma Gas and Electric Company contends in its Supreme Court challenge of a Construction Work in Progress denial by state regulators …
Despite a deliberate decision in 2025 to reshape the company’s portfolio, Mammoth Energy Services still reported losses in the fourth quarter and for the full year. The Oklahoma City based company reported financial and operational results for the fourth quarter and full year ended showing $12.3 million net loss in the quarter and $63.8 …
An immediate resignation of Gulfport Energy Corporation’s President, Chief Executive Officer and Director John Reinhart was announced Monday by the Oklahoma City-based company. The statement said he “has elected to depart the Company and resign from the Board of Directors, effective immediately.” After the announcement, Gulfport shares dropped nearly 7% ending the day at: Gulfport …
Unit Corporation announced payment dates for its quarterly cash dividend. The Tulsa company said the quarterly dividend of $1.25 per share of common stock for the first quarter of 2026 will be paid on March 27, 2026. Payments will be made to shareholders of record as of the close of business on March 17, …
