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 …
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% …
** Exxon Mobil Chair and CEO Darren Woods urged the incoming Trump administration to avoid making turbulent climate policy swings — and he pushed the president-elect to reject carbon border taxes favored by some GOP lawmakers. In an interview with POLITICO, Woods signaled that one of the most powerful players in the energy industry might serve as …
( Photographer: Eddie Seal/Bloomberg) A new report shows employment in the energy services sector across the U.S. remained steady, whether it’s in the oil patch, installing solar panels or constructing wind farms. The Energy Workforce & Technology Council released its monthly jobs report which included Oklahoma, ranked third highest in the nation when it comes …
** The incoming Trump administration plans to shrink two national monuments in Utah shortly after taking office, which will open hundreds of thousands of acres of federal land to oil and gas drilling and uranium and coal mining. ** The Biden administration plans to release a blueprint for an additional 200 GW of nuclear power by 2050, …
** President-elect Donald Trump has picked former New York Congressman and gubernatorial candidate Lee Zeldin to be the head of the Environmental Protection Agency in his upcoming administration. ** The head of the Arkansas Advanced Energy Association believes the state faces an “energy crisis” due to the imminent closure of coal-fired plants and the rollback of …
** The Biden administration plans to publish a draft study by the end of this year that could have implications for the future of new gas exports. The administration said earlier this year that it would work to more fully assess the impacts of exporting U.S.-produced natural gas on climate change, national security and economics. ** Boeing CEO Kelly …
** Stellantis plans to cut a shift at its Toledo Assembly Complex in Ohio, meaning indefinite layoffs of about 1,100 union-represented workers. The automaker, which owns the Jeep, Ram, Chrysler, Dodge and Fiat brands, announced the job cuts Wednesday, which will be effective Jan. 5. ** Georgia-based Freyr Battery will pay $340 million for a Wilmer, Texas …
Tuesday’s elections weren’t just about “energy” in Oklahoma, for example with the election of Brian Bingman as the newest Corporation Commissioner. The decisive re-election of former President Donald Trump will have an impact on Oklahomans and others,especially in the form of his “drill baby drill” oil and gas theme. The industry obviously has …
** Diamondback Energy Inc., the largest independent oil and gas producer in the Permian Basin, warned that the US shale industry may be growing to its own detriment again. The company is planning to hold its own output growth to 2% next year and said it can be flexible with spending if the oil market …
