Focusing on an acreage acquisition strategy, Fort Worth-based PHX Minerals Inc. will reveal in August whether its plans are paying off for investors. The company intends to release its second quarter earnings results after the close of markets on Wednesday, August 7. Management will discuss the results the next day during a conference call, …
Considered the world’s largest lithium producer, Albemarle Corp. just cemented its standing as it won approval this week from the Arkansas Oil and Gas Commission to begin testing its lithium extraction processes in southern Arkansas and not pay commercial production royalties. Albemarle has a plant located in Magnolia, part of the Smackover play in …
Much of Oklahoma was considered to be under a “moderate” ozone alert issued late Wednesday. As the map above shows, nearly two thirds of the state bordered on having unhealthy air. Two counties, Canadian and Tulsa were categorized as having “unhealthy for sensitive groups.”
Crude oil prices might have reversed its three consecutive trading sessions of losses with small gains on Wednesday, but Oklahoma energy stocks had a bad day in trading. Falling US crude inventories sparked some of the oil increases but so did growing supply riskes from Canadian wildfires, according to Reuters, as prices remained close to …
When a new bridge over the Red River was built by the Oklahoma Department of Transportation in 2019, it was damaged when the adjacent old bridge was blown up and demolished. ODOT reviewed the completed bridge and “complained to contractor L&N Bridge, LLC of Antlers that part of the new bridge looked defective or …
A surprise drop in crude oil held in storage across the U.S. and at the Cushing Hub in Oklahoma was reported this week by the U.S. Energy Information Administration. Nationally, there was a loss of 3.7 million barrels of crude oil from Jully 12 to July 19, the most recent reporting period. The EIA …
It’s not nice to renege on a deal—just ask the city of Albuquerque, New Mexico. Not only did it lose a lower federal court ruling that it should not have backed out of a fixed-price contract with Davidson Oil Company for city fuel needs, it now has lost an appeal with the Tenth Circuit …
Going solar—the nation’s oldest Christian church, San Miguel chapel in the heart of Santa Fe, New Mexico. Solar panels were recently installed on the roof of the church that was constructed in 1610. Since it is located in a Historic District, it means special construction requirements and permits had to be met by installers …
As some in Oklahoma wonder if and when the state might ever get a Buc-ee’s travel center, Arkansas is winning the race. Reports by the Benton Courier and Arkansas Business indicate the city of Benton wants to renegotiate the proposed sale of 29 acres of city land for the site of the Buc-ee’s. The city …
How’s this for an odd couple….the oil and gas industry teaming up with biofuels producers to fight for liquid fuels. Mike Sommers, president and CEO of the American Petroleum Institute admits their working together comes after decades of fighting over the development and growth of biofuels such as ethanol. After feuding for decades, …
