Kansas electric company Evergy says it is closing two of its coal-fired plants in the state, one near Lawrence and another near St. Marys. The investor-owned utility said it will close the two plants within the next nine years. The Kansas City Star reported Evergy on Friday filed an integrated resource plan that …
While some major US investors are shying away from the oil and gas industry in an attempt to woo environmentalists, billionaire Warren Buffett isn’t. In fact, he told the 2021 Berkshire Hathaway Annual Shareholders meeting over the weekend he supports one oil and gas giant, Chevron. As Yahoo Finance reported, Buffett rebuked environmental concerns …
The nation’s count of oil and gas rigs actively drilling for new energy increased by two to 440 according to the latest rig numbers released by Baker Hughes Co. Oklahoma’s count was unchanged from the 21 reported last week at this time but was still higher than the 15 rigs reported one year ago. …
Mammoth Energy Services, Inc. reported a 22% drop in total revenue for its first quarter which ended March 31 of this year. Total revenue was $66.8 million which compared to the $85.1 million for the end of the fourth quarter 2020. The total revenue was also down 31% from the $97.4 million for the end of …
All that’s needed is approval from regulators and Summit Utilities, parent of Arkansas Oklahoma Gas Corp. will be the new owner of CenterPoint Energy’s natural gas operations in Oklahoma and Arkansas in a $2.1 billion deal. CenterPoint serves more than 7 million customers in Oklahoma, Arkansas, Indiana, Louisiana, Minnesota, Mississippi, Ohio and Texas. CenterPoint’s Arkansas and Oklahoma gas …
BNSF railway already carries crude oil through Oklahoma but the company now says it is ready to handle any increased load if, and that’s a big ‘if’, the Dakota Access oil pipeline is shut down by the courts. Reuters reported the company, considered the railroad unit of Warren Buffett’s Berkshire Hathaway Inc. gave the …
After reaching nearly $65 a barrel in trading last week, crude oil prices took a plunge in Friday’s trading and it took Oklahoma energy stocks with them. West Texas Intermediate crude for June delivery dropped $1.43 to $63.58 a barrel in trading on the NYMEX, a loss of 2.20%. Global benchmark Brent crude for …
** Vitol Group is said to be near a purchase of Hunt Oil Co.’s Permian Basin oil wells in what would mark the biggest independent crude trader’s first major acquisition of U.S. production assets, according to people with knowledge of the matter. ** An underground nuclear waste storage tank in Washington state that dates to World War …
Continental Resources apparently likes the oil prices in recent weeks as the Oklahoma City-based shale oil producer indicated it plans on increased drilling operations in North Dakota’s Bakken shale field where founder Harold Hamm pioneered some of the state’s drilling operations. In a conference with investors, Hamm said nearly 70% of the company’s well …
Crude oil prices made another big jump in Thursday’s trading as US prices reached nearly $65 a barrel following a gain of 1.65%. West Texas Intermediate crude for May delivery increased $1.07 to settle at $64.93 a barrel in trading on the NYMEX. Global benchmark Brent crude for May delivery gained 1.85% on a …
