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 …
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 …
