Another day, another slip in crude oil prices and analysts blamed increasing COVID-19 infections in India for the slide. West Texas Intermediate crude fell 92 cents or 1.4% to $64.71 a barrel in trading on the NYMEX. Global benchmark Brent crude finished down 87 cents for a 1.3% loss to $68.09 on ICE …
Devon Energy’s Rick Muncrief says it’s time other energy firms followed his company’s policy of how it’s returning more cash to shareholders. During Devon’s earnings call this week, Muncrief, named President and Chief Executive Officer in January credited the company’s first-quarter net income of $213 million, compared to a loss in the same period …
The US rig count held steady over the last week at 524 rigs as of May 5, according to Enverus Rig Analytics. The count is up 5% on the month and up 39% YOY, while there are exactly twice as many companies drilling wells now as a year ago, at 248. The most active …
** Oil prices moved higher after the Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 30. The oil inventory figure compared with a weekly draw of 7.688 million barrels estimated by the American Petroleum Institute a day earlier. ** A judge sentences two tree-sitters who defied a court order to …
“Oklahoma’s economy was hitting on all cylinders in April, especially compared to where we were a year ago,” proclaimed Oklahoma Treasurer McDaniel as he announced a 38% jump in gross receipts to the Treasury during the month of April. What drove it? In part, record oil and gas production tax collections along with increases in …
After announcing the sale of its Oklahoma and Arkansas gas operations, CenterPoint Energy, Inc. said its first quarter income available to common shareholders was $334 million or 56 cents a diluted share, a big improvement over a year earlier when the company suffered a loss of $1.2 billion. On a non-GAAP basis, first quarter …
Crude oil prices split in Wednesday’s trading as they fell in the US but rose in Europe. As a result, Oklahoma energy stocks were mixed in trading. West Texas Intermediate crude for June delivery, considered the US benchmark fell 6 cents to $65.63 a barrel in trading on the New York Mercantile Exchange. Global …
Oklahoma Gov. Kevin Stitt has signed legislation to address long-term transportation infrastructure funding aimed at Electric Vehicles and hybrids. House Bill 1712, authored by Rep. Brian Hill, R-Mustang, creates a Road User Charge Task Force to study methods that may be used to record and report public road usage, specifically for electric vehicles …
Texas Gov. Greg Abbott is expected to sign a bill similar to one already adopted by Oklahoma that bars cities from banning natural gas hookups in buildings. The Texas state Senate approved House Bill 17 on Tuesday and sent it to the governor. Gov. Abbott supported the measure along with the natural gas industry. …
Kingfisher County farmer Terry Luber didn’t set out to be the driving force that led to a Congressional hearing where Cheniere Energy and its Midship natural gas line in Oklahoma were put on notice by some U.S. Representatives. But he ended up testifying Wednesday during a House Oversight and Reform Committee’s Subcommittee on Civil …
