More jobs were lost in October in Oklahoma and that includes those in the state’s energy sectors according to the latest report from the state. The Oklahoma Employment Security Commission announced the October unemployment rate reached 6.1% in October, up from the 5.4% reported in September. The October rate was also higher than the …
Crude futures ended up in Friday’s trading but Oklahoma energy stocks weren’t so lucky. Some fell as much as 8%. West Texas Intermediate crude for December contracts rose 41 cents to settle at $42.15, a nearly 1% increase. Global benchmark Brent crude finished at $44.96 after a 76 cent climb and a gain of 1.72% …
The latest Baker Hughes rig count released on Friday showed a decline of two to 310 rigs. The report differs from the Enverus report released a day earlier which said its data showed an increase of 11 rigs across the country to reach a total of 381. Baker Hughes reported the number of oil …
The growing COVID-19 restrictions for Thanksgiving has not only resulted in increased crude oil storage but kept gasoline prices fairly stable in the past week. Oklahoma’s average over the weekend was $1.80 while the national average was $2.11 per gallon for regular gasoline, according to the American Automobile Association. The state average was down …
Leaders of Devon Energy and WPX Energy have filed a joint proxy statement with the SEC as the two Oklahoma energy companies prepare for their announced merger. The proxy filing did not set a date nor time for a shareholders meeting of each company. The meetings will be virtual because of the COVID-19 pandemic. …
Phillips 66 is launching a new way of paying for gasoline at its 7,000 sites across the U.S. Drivers will be able to use Google Pay at Phillips 66, Conoco and 76 branded stations. The company announced it has worked with P97 Networks, considered a leader in cloud-based mobile commerce. As a result, it …
Even as COVID-19 continues hammering the nation’s oil and gas industry, someone sees enough light in the tunnel to dare to create a new oil and gas company and start making acquisitions of producing assets. They are veterans of Oklahoma’s oil patch. Newly formed FourPass Energy, LLC in Denver announced a partnership to acquire …
Halliburton Company announced its commitment to set science-based targets to reduce greenhouse gas (GHG) emissions. The company submitted its commitment letter to the Science Based Targets initiative (SBTi), a collaboration between CDP, the United Nations Global Compact, World Resources Institute, and the World Wide Fund for Nature. With this commitment, Halliburton will submit targets in 2021 …
New Mexico Democratic Rep. Deb Haaland has picked up more support in a movement to have to become Interior secretary in a Biden administration. POLITICO reported that more than 50 House Democrats formally backed her in a letter sent this week to President-elect Biden. As OK Energy Today reported, Haaland is being vetted for …
If anyone had hopes that perhaps Tinker Air Force Base might become the new headquarters for U.S. Space Command, they were dashed when the Air Force announced this week that six locations survived the first round of cuts and Oklahoma was not included. At one point, chamber of commerce officials had hoped the giant …
