With Christmas holidays fast approaching, there’s a growing debate whether gasoline prices will increase due to possible growing demand as the public ignores COVID-19 and has family gatherings or will the prices as the pump stay low. Kiplinger’s predicts increased prices carrying into 2021 but still at low levels compared to one year ago. …
A report by Bloomberg suggests the state of North Dakota isn’t expecting any shale oil production turnaround in 2021 and expects the COVID-19 impact to last through 2022. North Dakota, where Harold Hamm and his Continental Resources in Oklahoma made their names well known is now expecting a delayed resumption of large-scale crude oil …
Oklahoma City-based Ascent Resources Utica Holdings, LLC announced Monday it was seeking $300 million in investments through the offering of senior unsecured notes due 2028. The offering was made with Ascent’s wholly-owned subsidiary ARU Finance Corporation. The company stated it will use the proceeds to pay down part of its outstanding borrowings under its …
Those in the energy industry are watching closely as the Friday deadline approaches for the US Senate approval of a $1.4 trillion omnibus spending package and whether it might include an energy package. Friday is a government funding deadline and negotiators have only a few days to finalize the massive government funding package. POLITICO …
Helping Oklahoma oilfield families in their time of need. And with high unemployment because of the COVID-19 pandemic, there is plenty of need across Oklahoma. But a grassroots coalition started by one woman and now supported financially by such groups as the Petroleum Alliance of Oklahoma is helping those that it can. The Alliance …
A report by Reuters indicated more U.S. Midwest refiners are taking steps to ship more gasoline and diesel to East Coast buyers because of closures of refineries and cutbacks at others. Refiners such as BP and Husky Energy are looking to East Coast markets to increase their sales and margins. One energy group analyst …
Just as the energy industry, specifically oil and gas is dragging down the Oklahoma economy, other states are seeing the same development. Wyoming, a state where Oklahoma oil and gas developers have explored in the past and some firms have operations shipping oil to Cushing is suffering the same fate from the COVID-19 pandemic and …
The nation’s rollout of a vaccine to fight COVID-19 spurred investors on Wall Street Monday as crude oil futures hit a 9-month high. But it turned into a low for Oklahoma energy stocks. West Texas Intermediate crude for January delivery rose 42 cents to $46.99 a barrel in trading on the New York Mercantile …
More snow is in the forecast this week for parts of Oklahoma. It also means much colder weather with temperatures well into the teens and lower to be faced by any energy workers outdoors. State Climatologist Gary McManus with the Oklahoma Mesonet, who likes to keep a humorous slant to his weather forecasts reported …
Oklahoma Corporation Commissioners have delayed a regular meeting that was scheduled for Wednesday morning at the state capitol. The delay was announced on Monday indicating that the meeting “will not occur.” An additional notification of the rescheduled meeting will come later. No reason was given for the announced delay. The meeting was scheduled to …