Crude oil prices rose again Wednesday, climbing 1% as President Trump vowed to impose higher tariffs on Russia on Tuesday if it didn’t take major steps to end the war in Ukraine. At the same time, it had a negative impact on Oklahoma energy stocks as most suffered losses for the day. It …
The latest government report on the nation’s crude oil supplies showed a gain of nearly 8 million barrels over the past week, includling a 500,000 barrel increase at Oklahoma’s Cushing Hub. The U.S. Energy Information Administration reported the nation’s total in crude supplies was 426.7 million barrels as of the week of July …
Data source: U.S. Energy Information Administration, Annual Energy Outlook 2025 (AEO2025) New predictions from analysts at the U.S. Energy Information Administration suggests there will be a decline in natural gas production in the Permian Basin and the nation’s Gulf Coast will lean more heavily on East Coast gas production for its LNG manufacturing. In the Annual Energy …
Oklahoma City’s Expand Energy, considered the largest natural gas producer in the country, announced improved earnings in the second quarter and outperformance of expectations from its merger last fall with Southwestern Energy. Its net income was $968 million or $4.02 per fully diluted share while net cash from operating activities jumped to $1.3 …
Oklahoma City’s Gulfport Energy announced a move this week to expand its employment of Montana-based Bridger Photonics Inc. for methane detecting scans. Bridger is considered a global leader in emissions detection for the energy industry. Gulfport has a strong demonstrated commitment to emissions reduction, including a top “A” grade rating from the MiQ gas …
Baker Hughes and Chart Industries announced Tuesday they have entered into a definitive agreement under which Baker Hughes will acquire all outstanding shares of Chart’s common stock for $210 per share in cash, equivalent to a total enterprise value of $13.6 billion. Chart is a global leader in the design, engineering and manufacturing of …
** A major Pacific oil reserve offline for a decade was restarted in only five months of work by Interior Secretary Doug Burgum, despite pleas from Sen. Adam Schiff, D-Calif., and completion of a reported laundry list of permitting and reviews. The Interior Department’s Bureau of Safety and Environmental Enforcement (BSEE) announced Friday it has shepherded the reopening of the …
The Trump administration is getting serious about reversing some of the green energy efforts of the former Biden administration, announcing this week it intends to reverse efforts to limit greenhouse gas emissions from motor vehicles all in the name of fighting climate change. Environmental Protection Agency Administration Lee Zeldin told an audience this …
Crude oil prices made another dramatic jump on Tuesday after President Trump doubled-down on his sanctions threat against Russia over its war in Ukraine. Prices shot up more than 3% after the President said he will start imposing tariffs and other measures against Russia “10 days from today” if Moscow did not make …
** Liquefied natural gas developers led gains for U.S. energy companies in early trading on Monday, after the European Union pledged $750 billion worth in strategic purchases as part of a sweeping trade pact. ** Chevron said it plans to lay off almost 600 Houston workers as part of its monumental acquisition of Hess. Around 575 …
