Category: Oil & Gas

Williams to release 1Q earnings in May

  Williams plans to announce its first-quarter 2021 financial results on Monday, May 3 after the close of markets. The company will hold a conference call and webcast with analysts and investors on the next day, Tuesday, May 4 at 8:30 a.m. Central Time. Williams is coming off an all-time record results in 2020 with …

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RV manufacturers face slow recovery from winter storm

  Can’t get a new RV?  Blame the February winter storm that hit Oklahoma and Texas, shutting down some refineries. When the shutdown occurred, it stopped the production of foam, a product badly needed in the manufacture of RVs. Click here for story from Reuters.  

Fracking shows strong return after pandemic

    Fracking in North America has almost recovered to pre-pandemic levels, with the count of started frac jobs reaching a 12-month high in March 2021, a Rystad Energy report shows. Click here for OilPrice.com story.

Newspaper says national leaders need to look at Oklahoma for energy policy

  The Enid News & Eagle says the nation’s leaders should look at Oklahoma in the formulation of a national energy policy. Click here to read the paper’s editorial.  

Federal Reserve bank reports energy activity continued to increase moderately

  Oil and gas drilling in the region covered by the Federal Reserve Bank of Kansas City showed a moderate increase according to the bank’s latest Energy Survey. Chad Wilkerson, vice president and economist at the Bank said the survey showed activity had moved higher than year-ago levels for the first time since March 2019 …

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Oil remains below $60 while Oklahoma energy stocks struggle

Crude oil prices slipped in US trading on Friday while they rose in overseas markets. West Texas Intermediate crude oil fell 28 cents to $59.32 a barrel for a loss of 0.47% in trading on the New York Mercantile Exchange. Global benchmark Brent crude rose 15 cents to $63.05, a gain of 0.24% in ICE …

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Higher crude oil prices attract more drilling interest in Oklahoma

  The latest Baker Hughes Co. rig report shows Oklahoma’s count grew to 20 while nationally the numbers increased by two to 432. It’s a sign that crude oil prices around $60 a barrel are slowly attracting more drilling interest in the state and across other oil and gas-producing states. Oklahoma’s count increased by one …

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Crude oil rose again in Thursday’s trading and closed less than $60

  While US crude prices rose slightly in Thursday’s trading, some Oklahoma energy stocks did the same. West Texas Intermediate crude for May delivery went up 20 cents to finish just under $60 at $59.80 a barrel for a gain of 0.34% in trading on the New York Mercantile Exchange. Global benchmark Brent Crude for …

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Increase in rig numbers in US including Oklahoma

    The data-tracking company, Enverus Rig Analytics reported the US rig count jumped by 16 in the past week to 509 as of April 7 including an increase in Oklahoma. The company said the count grew by 9% in the last month but remains 17% below the count from a year ago. In the …

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GRDA buys resort on Oklahoma’s Grand Lake

  The Grand River Dam Authority in northeast Oklahoma recently expanded its holdings with the $1.2 million purchase of the Honey Creek Resort and Motel on Grand Lake. The purchase included more than four acres of land as well as the motel reported the Tulsa World. Click here for the Tulsa World story.