The frenzy of “meme” stocks has hit a small Texas oil and gas company just like it did earlier this year with GameStop. Ring Energy Inc. has seen an explosion in the trading of its stocks after it was the target of social media speculation. It’s a small company headquartered in The Woodlands, Texas …
** A catastrophic explosion and fire at an Afghan customs depot has destroyed hundreds of fuel tankers and caused traders tens of millions of pounds of losses. A series of blasts hurled trucks hundreds of yards into the air and deposited the crumpled remains of fuel tanks as far as half a mile from the blast …
North Dakota’s oil production made a slight dip again with 1.192 million barrels of oil produced in December 2020. In November 2020 the state produced 1.227 million barrels of oil. Click here for the story from the Minot Daily News.
Two major oil and gas companies in Oklahoma City will reveal their quarterly earnings reports this week. Devon Energy and Continental Resources will release their financial details Tuesday and leaders of the two companies will hold conference calls on Wednesday. Both are coming off third quarter losses and the two firms will release their …
A busy week likes ahead for executives of more major oil and gas companies as they prepare to release their fourth quarter earnings report. Reports will be released Wednesday and Thursday by ONE Gas, Ovintiv, Inc., Laredo Petroleum and Marathon Oil. They are considered to be major players in Oklahoma’s oil and gas operations. …
The Arctic weather that settled in over the Midwest hit Texas so hard it resulted in mandated blackouts ordered by the state’s power grid regulators. The state’s massive wind farm operations were especially hard hit by the freezing weather. Millions of households lost electrical power as the unprecedented Arctic freeze also brought chaos in …
Extreme cold and snowy weather left Oklahoma utility companies pleading for help from consumers and regulators as they are facing a potential shortage of natural gas for home heating purposes. State regulators might hold an emergency meeting on Monday, a federal holiday to help respond with possible increased allowable production of natural gas. As …
The two Democratic U.S. Senators in New Mexico recently had a chance to ‘bend the ear’ of National Climate Advisor Gina McCarthy about the impact of President Biden’s anti-fossil fuel steps. They specifically asked whether the Biden administration can offer aid to New Mexico, the hardest hit state by the pause on few federal …
The bitter cold weather in Oklahoma brought a record price for natural gas. Bloomberg reported natural gas traded at $600 per million British thermal units in the state over the weekend as the state and the Midwest were in a deep freeze. The temperature plunge resulted in other hubs reporting high prices including $350 …
Houston’s Marathon Oil Corporation confirmed it has laid off nearly 100 workers including some in Oklahoma’s STACK and SCOOP plays where the firm is active. The layoffs represent about 5% of the company’s total workforce. They also followed action by the company’s board cut salaries of its executives and board members. A spokeswoman said …
