A stronger gasoline demand across the U.S. not only eased concerns about the global economic recovery from the COVID-19 pandemic but also resulted in a surge in crude oil futures one day after prices took a dramatic fall. West Texas Intermediate crude for May delivery jumped up $3.42 to settle at $61.18 a barrel …
After reporting a fourth quarter 2020 increase in net income over 2019, Holly Energy Partners, L.P. prepares to release its first quarter 2021 earnings report in May. The Dallas-based company, owner of refineries in Tulsa, Oklahoma and in Kansas, Wyoming and Utah will announce its results for the quarter ending March 31, 2021 on …
Cypress Environmental Partners, L.P. unveiled its fourth quarter financial earnings showing a 59% drop compared to a year earlier and admitted 2020 was the worst year in the company’s history. The financial results for the three months ended Dec. 31, 2020 showed a net loss to common unitholders of $1.9 million while the fourth …
Oklahoma City’s Devon Energy was among the major oil companies that met virtually this week with Gina McCarthy, President Biden’s senior domestic climate official who claimed the Biden administration is not at war with the oil and gas industry. The meeting included CEOs and top officials from other companies such as Chevron, Exxon, Occident and …
In a $39 million deal, Casey’s General Stores is buying all 49 Circle K stores in Oklahoma City. Casey’s, based in Iowa has eight existing stores in the metro area and one each in Perkins and Seminole. The Oklahoman reported the purchase is set to close July 31. Click here for The Oklahoman report.
The first lawsuits protesting exorbitant gas prices during February’s historic deep freeze in Texas have begun. Bloomberg reported that CPS Energy, a Texas utility, is suing energy giants including BP Energy Co., Chevron Corp. and Energy Transfer. CPS supplies over 1.1 million customers in the San Antonio area with power and gas, and is …
As Oklahoma and other states open up their COVID-19 vaccine eligibility to all persons 16 and older, some U.S. energy companies joined the movement by creating employee vaccination programs. Reuters reported that some firms have set up on-site clinics to offer their employees time off to get the shot. Click here for Reuters report.
The thud you just heard was oil prices dropping in Tuesday’s trading as U.S. crude oil sank 6.2% on a nearly $4 fall. Energy companies also suffered from the steep drop in the price of crude oil. West Texas Intermediate crude for May delivery fell $3.79 to $57.26 a barrel in trading on the …
One Oklahoma energy company that could be affected by the Biden administration’s climate change efforts and those targeting the oil and gas industry is Tulsa-based Cypress Environmental Partners. The firm took note of those efforts in its recent filing of its 10-K or annual report with the Securities and Exchange Commission. ” To the …
Despite the COVID-19 pandemic in 2020, the year turned out to be a record year of oil and natural gas production in New Mexico. Home to part of the Permian Basin, the state produced 366 million barrels of oil and 1.94 million MCF of natural gas. The New Mexico Oil and Gas Association reported …
