After acquiring Pioneer Natural Resources Co. in a $63 billion deal this year, Exxon Mobil Corp. plans to lay off close to 400 Pioneer employees. A report by Bloomberg indicated the firm notified the Texas Workforce Commission on Wednesday of its intentions. Click here for Bloomberg
As the Oklahoma Broadband Office prepares to launch an expansion project, this time in western Oklahoma, it received still more federal funding to bring broadband service to rural areas of the state. The Oklahoma Broadband Office was approved for an $11.2 million grant from the National Telecommunications and Information Administration (NTIA) to help …
PHX Minerals recorded a slight drop in net income in the third quarter, slipping from $1.3 million and 4 cents a share in the second quarter to $1.1 million and 3 cents a share as the company also saw declines in production and converting wells in production. The Fort Worth-based company said earnings compared …
A rough road ahead for electric vehicle manufacturer Canoo Inc. as the company, with a manufacturing plant in Oklahoma City and a battery production facility in Pryor, announced a loss in the company’s third quarter. “This will continue to be a difficult and critical period as we do everything we can to get the …
Another round of rain for much of Oklahoma is in the forecast for next week. Oklahoma Climatologist Gary McManus noted it has already been the wettest NOvember on record—not to mention 9 tornadoes so far for the month. “Every drop of rain we get is a new November rainfall record. Well, once we get ENOUGH …
( REUTERS/Ramzi Boudina/File Photo) A small rebound was recorded Wednesday in crude oil prices after they fell nearly 5% this week, largely due to OPEC’s reduced demand forecast. The slight gains came after both benchmarks closed at their lowest levels in nearly two weeks on Monday and Tuesday. The slump was blamed on word …
November is Carbon Monoxide Awareness Month, and Oklahoma Natural Gas urges residents to refresh their knowledge on how to keep their homes and loved ones safe from this invisible threat. Understanding carbon monoxide Carbon monoxide (CO) is a dangerous gas produced when fuel does not burn completely. It can make you sick and, …
Where are the US and the rest of the world going when it comes to energy consumption? Here’s the latest predictions from the U.S. Energy Information Administration: Global oil consumption. India has emerged as the leading source of growth in global oil consumption in our forecast. Over 2024 and 2025, India accounts for 25% …
Coterra Energy expanded its grasp in the Permian Basin with a nearly $4 billion acquisition of assets of Franklin Mountain Energy and Avant Natural Resources. The company anticipates a nearly large increase in its 2025 oil production as a result. Tom Jorden, Chairman, CEO, and President of Coterra, noted, “These highly accretive acquisitions create …
The oil and gas industry is out with major recommendations to the incoming Trump administration regarding energy and the environment. The American Petroleum Institute released a 5-point policy roadmap in an open letter to President-elect Trump. In it, the API said the steps were designed to protect cconsumers, bolster geopolitical strength, leverage US national resources …
