Vital Energy, Inc. reported second-quarter 2025 financial and operating results showing the company suffered an even larger net loss than it did in the first quarter. But the firm still recorded a significant cash flow from operating activites. The Tulsa-based firm had a $582.6 million net loss and adjusted net income of $76.1 million along with …
ONE Gas experienced a drop of millions in its second quarter net income, according to the Tulsa-based company’s second quarter financial results released this week. Second quarter 2025 net income for the firm that owns Oklahoma Natural Gas Company, Kansas Gas Service and Texas Gas Service, totaled $32 million or $0.53 per diluted …
It’s a “supply and demand” podcast on Mitchell talks energy with Jerry Bohnen. This week’s guest? Natural gas.
Wednesday’s trading brought a 1% slide in crude oil prices as they reached an eight-week low. The President’s comments about talks to persuade Russia to end its war with Ukraine created more uncertainty with investors whether he might move forward with new sanctions on Putin. Reuters reported those moves marked a fifth consecutive …
Devon Energy reported second quarter earnings of $899 million or $1.41 per share and $536 million of core earnings, or $0.84 per share that were nearly double of what was reported in the first quarter when it totaled $494 million or $0.77 per share. With 21 operating rigs and 6 completion well units, the …
The National Stripper Well Association came out this week with a statement saying it strongly supports the Environmental Protection Agency’s (EPA) historic decision to rescind the Endangerment Finding, a long-standing regulatory trigger for carbon dioxide and greenhouse gas restrictions that the organization claims has disproportionately harmed small, independent energy producers for over a decade. …
Oklahoma Treasurer Todd Russ says the latest monthly state revenues show an improved picture compared to the prior month, including a more than 50% growth of gross production tax revenues on oil and gas from June of of last year to July this year. It is a sign of oil and gas production growth …
A big turnaround for Gufport Energy Corporation was reported in the second quarter as the Oklahoma City-based energy firm went from a $500,000 net loss of revenue in the first quarter to a reported $184.5 million of net income in the second quarter. With a focus on gas and crude oil operations in …
In a letter from EPA Administrator Lee Zeldin, Oklahoma leaders are being told they do have environmental regulatory power over all Indian territory in the state with the exception of Osage County. Zeldin informed Gov. Kevin Stitt in mid-May after the Cheyenne-Arapaho tribe created its own environmental division and notified oil and gas …
** President Donald Trump has raised tariffs on Indian imports to 50% as part of an ongoing row with New Delhi over its purchase of Russian oil, Forbes reported. The move came the same day that special envoy Steve Witkoff met with Russian President Vladimir Putin. ** Fallout from the One Big Beautiful Bill will curb rooftop solar …
