While the U.S. Forest Service admits its own prescribed burn was responsible for causing New Mexico’s largest wildfire ever, some are still trying to put the eventual blame on the state’s oil and gas industry. Environmentalists and other critics of the industry claim that climate change was caused by the extensive drilling in the …
Colorado expected to finish 2022 with 1,900 new oil and gas wells
The oil and gas industry is far from dying in Colorado. The Colorado Sun reported documents show nearly 1,900 new oil and gas wells will be drilled in 2022. The report is based on documents from the Colorado Oil and Gas Conservation Commission. Click here for Colorado Sun
One Gas sets date for 2Q earnings report release
ONE Gas, Inc. plans to release its second quarter 2022 earnings report in less than a month. The Tulsa-based company will officially release its second quarter 2022 earnings after the market closes on Monday, August 1, 2022. The ONE Gas executive management team will participate in a conference call the following day, Tuesday, August …
No letup in the heat for the next week or longer in Oklahoma
Need we say more? Oklahoma Climatologist Gary McManus reported this week the 100 degree weather will linger in the state perhaps for the next two weeks. Adding to the danger will be the heat index in the coming days. June finished with a statewide average temperature of 78.8 degrees which was 1.5 degrees above …
More energy headlines
** Wall Street analysts sharply increased their Exxon Mobil Corp second-quarter profit estimates on Tuesday, after the largest U.S. oil producer projected it could almost double its first-quarter earnings. ** Ring Energy Inc. agreed on July 5 to acquire Stronghold Energy, a privately held E&P with a position in the Permian Basin’s Central Basin Platform, in an …
Crude oil fell below $100 in US while OK energy stocks took a hit
Crude oil took a 9% drop on Tuesday, its biggest fall since March, and prices in the U.S. slipped below $100 a barrel while Oklahoma stocks suffered—some with losses of 8 and 9%. Why the fall? Analysts attributed growing worries among investors about a global recession and that demand could be slashed because of …
Gasoline prices drop in Oklahoma and US
Gasoline prices are slowly falling, reaching a new average of $4.50 this week in Oklahoma and $4.80 a gallon nationwide, according to the American Automobile Association. The national average is four cents less than a month ago and $1.67 more than a year ago. It is also 8 cents lower than one week ago. Oklahoma’s …
Heat wave prompts AAA warning to motorists
AAA reminded motorists that with triple-digit temperatures in the Oklahoma forecast for the next week, take a cue from what happened to a few thousand motorists in the state over the July 4th weekend. Within the past five days of the July 4th holiday weekend, AAA responded to 3,454 calls from Oklahomans with vehicle issues. The …
Home repair fraud charges filed against Grady County contractor
Oklahoma Attorney General John O’Connor filed charges in Grady County against a contractor accused of defrauding Oklahomans of thousands of dollars for home repair work he never completed. Norman “Buddy” Gomes, 40, who owned BNV Construction, is accused of requesting money up front from victims for home repair projects he never started. Investigators say Gomes …
3Q earnings report date set by Helmerich and Payne
Tulsa’s Helmerich & Payne plans to release its third quarter 2022 earnings report later this month followed by a conference call. The conference call will be held at 10 a.m. Central Time on Thursday, July 28 and will feature John Lindsay, President and CEO; Mark Smith, Senior Vice President and CFO; and Dave Wilson, …