Third quarter earnings for Oklahoma City-based Gulfport Energy Corporation will be revealed in two weeks as investors await to see how the company is doing following its second quarter emergence from bankruptcy. The company announced it will release the report after the close of markets on Tuesday, Nov. 2. Leadership will hold a teleconference …
Category: Oil & Gas
Senators complain of slow USDA help for biofuels
Republican Senators from Kansas, Nebraska, Iowa and South Dakota came out this week and urged Ag Secretary Tom Vilsack to end the delay on financial help for the biofuels industry in their states. In a letter to the Secretary, the Senators said it was past time that “hardworking biofuel producers receive the critical aid …
Other energy stories in brief
** Occidental Petroleum OXY announced that it has entered into a definitive agreement to sell its shares in two non-core offshore assets in Ghana. The agreement includes Occidental’s interests in both Jubilee and TEN fields. ** Mexico’s manufacturing sector stands to benefit from a U.S. transition away from fossil fuels including through the creation of jobs for making …
Anadarko Basin oil production slipped in October
A new government report shows oil production fell in the Anadarko Region of Oklahoma while rig numbers increased in October. The U.S. Energy Information Administration reported the October 2021 new-well oil production per rig was 899 barrels a day and expected to drop to 845 barrels a day in November. New-well gas production per …
Permian production approaches pre-pandemic high
Surging oil prices have resulted in increased oil production in the Permian Basin as it is reaching close to a record set in March 2020, thanks to drilling activity by Oklahoma companies such as Devon Energy and others. October’s average daily production in the prolific basin of West Texas and Southeast New Mexico is …
$3 or higher gasoline in nearly half of Oklahoma’s counties
“Sorry folks, but the cost of gasoline is still going up” That’s the headline from the AAA this week as the national average for a gallon of gasoline rose a nickel to hit $3.32 while in Oklahoma, the average went up 8 cents to $2.97 a gallon. Nearly half of the state’s 77 counties, …
Crude still above $82 a barrel in US and Europe
The drop in U.S. industrial output in September left oil prices weak on Monday as Brent fell while US prices rose only slightly. But both remain above $82 a barrel. Both touched multi-year highs earlier in the day but enthusiasm for higher oil prices waned later. Brent crude for December delivery dropped 62 cents …
3Q results for Enable Midstream to be announced in November
Oklahoma City-based Enable Midstream Partners, LP will announce its third quarter earnings report November 1, revealing whether it was able to build on a strong second quarter. The report will be released before market hours on that Monday detailing the quarter’s results and recent business highlights. With nearly 14,000 miles of natural gas, crude …
Will earnings growth continue for LSB Industries?
The third quarter financial results for LSB Industries, Inc. will be released the first of November and the question of whether the firm’s strong second quarter earnings continued will be answered. The company announced it plans to release the report on Monday, Nov. 1 after the close of the markets. LSB’s management plans to …
Another energy rule proposed in New Mexico
The energy industry is likely to face another restriction or at least a required step before construction of a pipeline or drilling for oil and gas in New Mexico. The State Land Office in New Mexico has proposed a rule to require state trust land lessees to submit an archaeological survey before commencing such …