** The Department of the Interior is launching a full review of offshore wind energy regulations to ensure alignment with the Outer Continental Shelf Lands Act and America’s energy priorities under President Donald J. Trump. ** Private equity firm Blackstone has agreed to acquire Enverus, an energy data and analytics provider. Blackstone is acquiring Enverus from owners …
Ascent Resources went from a first quarter loss to big gains in 2Q
From a net loss of $362 million in the first quarter to net income of $467 million in the second quarter—it’s what Ascent Resources Utica Holdings, LLC reported in its second quarter 2025 operating and financial results. The Oklahoma City company, one of the largest private producers of natural gas in the United States …
Despite growing losses, Vital Energy maintained cash flow in its 2Q
Vital Energy, Inc. reported second-quarter 2025 financial and operating results showing the company suffered an even larger net loss than it did in the first quarter. But the firm still recorded a significant cash flow from operating activites. The Tulsa-based firm had a $582.6 million net loss and adjusted net income of $76.1 million along with …
ONE Gas net income dipped in 2Q
ONE Gas experienced a drop of millions in its second quarter net income, according to the Tulsa-based company’s second quarter financial results released this week. Second quarter 2025 net income for the firm that owns Oklahoma Natural Gas Company, Kansas Gas Service and Texas Gas Service, totaled $32 million or $0.53 per diluted …
Mitchell talks energy with Jerry Bohnen….more attention on the demand for natural gas
It’s a “supply and demand” podcast on Mitchell talks energy with Jerry Bohnen. This week’s guest? Natural gas.
Crude oil prices slid Wednesday for a fifth straight day of trading
Wednesday’s trading brought a 1% slide in crude oil prices as they reached an eight-week low. The President’s comments about talks to persuade Russia to end its war with Ukraine created more uncertainty with investors whether he might move forward with new sanctions on Putin. Reuters reported those moves marked a fifth consecutive …
Devon Energy nearly doubled net earnings in 2Q and expands natural gas efforts
Devon Energy reported second quarter earnings of $899 million or $1.41 per share and $536 million of core earnings, or $0.84 per share that were nearly double of what was reported in the first quarter when it totaled $494 million or $0.77 per share. With 21 operating rigs and 6 completion well units, the …
Stripper Well group stands behind Trump’s environmental actions
The National Stripper Well Association came out this week with a statement saying it strongly supports the Environmental Protection Agency’s (EPA) historic decision to rescind the Endangerment Finding, a long-standing regulatory trigger for carbon dioxide and greenhouse gas restrictions that the organization claims has disproportionately harmed small, independent energy producers for over a decade. …
Improved safety of Oklahoma bridges leads to higher rankings
A bridge to improvement. That’s what we could call it as Oklahoma has gone from 49th worst state in the nation for unsafe bridges with 1,200 structurally deficient bridges to fourth nationwide with only 35 bad bridges. It’s what Transportation Department director Tim Gatz reported this week during a meeting of the Oklahoma …
Gross production tax revenues reflect oil and gas activity in Oklahoma
Oklahoma Treasurer Todd Russ says the latest monthly state revenues show an improved picture compared to the prior month, including a more than 50% growth of gross production tax revenues on oil and gas from June of of last year to July this year. It is a sign of oil and gas production growth …