Oklahoma Congressman Frank Lucas wants to make sure farmers don’t fall under the growing climate-control grasp of the U.S. Securities and Exchange Commission. He says the latest SEC proposal is another example of an “an encroaching and overreaching Biden Administration.” Lucas introduced the Protest Farmers from the SEC Act in light of the SEC’s …
Technology advances lead to record new well productivity in Permian Basin
Data source: Enverus The Permian Basin in western Texas and eastern New Mexico is one of the world’s most prolific unconventional oil- and natural gas-producing regions. It’s an area where some of Oklahoma’s major oil and gas exploration firms are active and some are considered to be among the top producers in the region. A recent …
Executives say Biden’s trying to kill the oil and gas industry
A recent Dallas Fed Energy Survey included comments from oil and gas executives who contend the Biden administration is intent on destroying the oil and gas industry. Click here for Hart Energy
Crude oil prices dropped Thursday and OK energy stocks did the same
After rising above $90 a barrel in Thursday’s trading, crude oil prices finally settled lower as traders worried about the recession and what possible OPEC+ output cuts next week might do to the economy. Oklahoma energy stocks had a bad day as most recorded losses. West Texas Intermediate crude for November delivery fell 92 cents …
Oklahoma energy companies make Jim Cramer’s investment list
As one of the more outspoken and vociferous business analysts, CNBC’s Jim Cramer included two Oklahoma energy stocks on his most recent investors lift of five high-yielding stocks. He said Devon Energy and ONEOK should be on “their shopping lists.” Here is his list: Ford KeyCorp Federal Realty Devon Energy ONEOK On Wednesday, Devon …
Big jump in Enverus rig count
Based on weekly peak count, the U.S. rig count saw a weekly rise of 14 to a 2022 high of 879 during the week ended Sept. 28, according to Enverus Foundations data. The count is up 2% in the last month and up 43% YOY. All numbers discussed are weekly peaks to avoid …
Judge recommends ONG rate hike to state regulators
Despite opposition by consumers who voiced concern about their rising utility bills, an Oklahoma Corporation Commission Administrative Law Judge on Thursday recommended an agreement for another rate increase for Oklahoma Natural Gas Company. ALJ James Myles heard testimony for nearly two hours about a joint stipulation and settlement agreement reached by ONG with the …
Dry September in Oklahoma
How dry has September been for Oklahoma? How about the 5th driest on record dating back to 1895. Gary McManus, State Climatologist with the Oklahoma Mesonet reported this week the state average rainfall total was only 0.7 inches for Sept. 1-29. -***- Top-5 Driest Septembers 1956 0.25″ 1939 0.33″ 1948 …
Williams believes full-year earnings will be stronger than expected
Williams announced this week it anticipates full-year earnings will be close to $6.4 billion, thanks to a strong third-quarter performance and expectations for the fourth quarter. The Tulsa-based company said the prediction of the full-year Adjusted EBITDA will be near the high end of its previously announced guidance range, despite recent market weakness. …
Government environmental agencies come down hard on Oklahoma City based firms
Oklahoma City companies January Environmental Services and January Transport have agreed to pay a $1.9 million civil penalty to settle Oklahoma and U.S. Justice Department claims they violated federal environmental law. Investigations by the EPA and the Oklahoma Department of Environmental Quality led to claims the two firms transported and stored hazardous wastes without …