Unit Corporation’s second quarter earnings were double from a year ago, according to the Tulsa firm’s release of its consolidated financial statements for the three and six months ended June 30, 2025. Net income for the three months ended June 30, 2025 was $22.1 million, or $2.22 per diluted share, compared to $11.5 …
An Oklahoma City federal judge has granted a widow’s request to transfer her lawsuit over the 2023 death of her husband at the Wynnewood CVR refinery back to Garvin County District Court. U.S. District Judge Patrick R. Wyrick made the determination in the request of Lacy Foster to transfer the case after it was moved …
A filling by Tulsa-based Alliance Resource Partners L.P. shows the coal company paid more than $51 million in the form of black lung excise taxes, reclamation fees, permitting fees and federal income taxes to the federal government last year. The filing with the Securities and Exchange Commission showed the various payments totaled $51,439,820 …
SandRidge Energy not only saw a 46% increase in crude oil production compared to a year ago in the second quarter but its net income also gained. The company’s second quarter earnings release showed net income went from $13.0 million, or $0.35 per share in the first quarter to $19.6 million and $0.53 …
Mach Natural Resources LP reported financial and operating results for the three months ended June 30, 2025 showing improved earnings from the first quarter. It improved from $16 million in net income and $160 million in Adjusted EBITDA in the first quarter to $90 million in net income and $122 million in Adjusted …
Make it six straight days of dropping crude oil prices. On Thursday, prices fell about half-a-dollar on word that President Trump and Russian President Vladimir Putin will meet, possibly in a few days, all in the name of bringing an end to the war between Russia and Ukraine. The fall in prices came …
ConocoPhillips confirmed Thursday its sale of more than $1 billion in oil and gas assets it held in Oklahoma. The company’s confirmation came in its announcement of second quarter financial results in which it stated, “Signed an agreement to sell Anadarko Basin assets for $1.3 billion, expected to close at the beginning of …
The amount of crude oil in storage at Oklahoma’s Cushing Hub increased by 400,000 barrels in the past week, according to a new government report. The U.S. Energy Information Administration reported Cushing’s current balance was 23 million barrels as of the week of August 1. It was an increase from the 22.6 million …
** The Department of the Interior is launching a full review of offshore wind energy regulations to ensure alignment with the Outer Continental Shelf Lands Act and America’s energy priorities under President Donald J. Trump. ** Private equity firm Blackstone has agreed to acquire Enverus, an energy data and analytics provider. Blackstone is acquiring Enverus from owners …
From a net loss of $362 million in the first quarter to net income of $467 million in the second quarter—it’s what Ascent Resources Utica Holdings, LLC reported in its second quarter 2025 operating and financial results. The Oklahoma City company, one of the largest private producers of natural gas in the United States …
