Lower crude oil prices on Friday left West Texas Intermediate crude down 3% and Brent crude down 1% for the week. Traders and investors were worried about negative economic news from both the U.S. and China, in addition to more signs of a growing supply. West Texas Intermediate fell 87 cents for the …
Data source: Bloomberg L.P. Note: Annualized percentage, a widely used trading measure of price volatility, is the standard deviation for the previous quarter of daily changes in the Henry Hub front-month futures price multiplied by the square root of 252 (number of trading days in a year) multiplied by 100. Percentages are averages for that period. 1Q25=first quarter of …
The recent departure of Oklahoma Deputy Attorney General Chase Snodgrass resulted in a change of state attorneys representing the Corporation Commission in the lawsuit filed by three state legislators challenging the votes of Commissioner Todd Hiett. Snodgrass resigned to take a position with an Oklahoma City law firm and his departure was explained …
After a large jump in oil and rigs last week across the U.S. the industry saw a decline this week, according to the latest Baker Hughes rig count released on Friday. The U.S. total fell by two to 542 rigs while Oklahoma’s count was unchanged. The nation’s decline included a drop of 7 …
** Wyoming lawmakers are wrestling with whether to green light potentially numerous nuclear waste sites throughout the state. Some say it’s good for the economy, while others say it’s not worth the risk. ** Nebraska regulators discuss the possibility of building small modular nuclear reactors in a small city, largely because of its electric transmission …
As a point of clarification to our article this week about Oklahoma Corporation Commissioners approving a more than $41 million rate hike for Oklahoma Natural Gas Company, the impact on consumers won’t mean another increase in bills following one in late June. As the Commission pointed out, the actual increase of $1.69 a …
Crude oil prices and Oklahoma energy stocks made gains in Thursday’s trading following news of cuts to Russian gasoline exports. Plus, there was the news that oil major Chevron is getting approval to restart production in Venezuela. It actually sent prices falling before the close of trading. Brent crude, the global standard, rose …
Some of the national media finally caught up with Scott Mitchell talks Energy with Jerry Bohnen’s recent interview and discussion with U.S. Sen. James Lankford about the One Big Beautiful Bill and what it means for American energy. The Senator was on Mornings with Maria on Fox Business this week, telling her, “This is …
Empire Petroleum Corporation, an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced that it has extended the expiration date of its previously announced subscription rights offering pursuant to which it intends to raise gross proceeds of up to approximately $5.0 million, including $2.5 …
Halliburton Company more than doubled its net income in the second quarter. But the firm also admits the oilfield services market is softer than expected and is moving to address the “near term softness.” The Houston firm, which was founded in Oklahoma and remains an active oil and gas force in the state, reported …
