Crude oil stocks increased in the past week at Oklahoma’s Cushing Hub and across the U.S. according to a government report issued Thursday. The U.S. Energy Information Administration reported the Cushing Hub saw an increase of 1.5 million barrels of oil. On Feb. 7, it maintained 21.8 million barrels but the total increased to …
Four bills dealing with transmission lines, competitive bidding, and eminent domain won approval Thursday at the urging of Faxon state Rep. Trey Caldwell during a meeting of the Oklahoma House Utilities Committee. HB2747, a bill Caldwell spent three years creating and one focusing on public utilities in the construction of electrical transmission lines, was …
While Devon Energy stated this week it anticipates spending close to $4 billion in its capital program for 2025 with half of it allocated to the Delaware Basin, the Oklahoma City oil and gas company intends to continue exploration in Oklahoma, showing it is not ignoring the state’s own oil producing regions. The …
Leading executives at Williams Cos. plan to be a part of the upconing 43rd annual CERAWeek presented by S&P Global. President and Chief Executive Officer Alan Armstrong and members of the company’s leadership team will join the world’s energy industry leaders, experts, government officials and policymakers for the Houston, Texas event, March 10-14. Armstrong …
Improved quarterly and year-end revenues for ONE Gas,Inc. resulted in larger per share earnings for investors, thanks in part, to higher prices paid by ratepayers. The Tulsa-based company, the parent of subsidiaries Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service, reported this week it had $77 million in fourth quarter 2024 …
Vital Energy in Tulsa reported this week it had record oil production in the fourth quarter but also revealed a net loss of more than $359 million. It also recorded a full-year loss of more than $173 million. Vital indicated its plans for 2025 included lower capital investment levels and slightly lower oil production. …
The efforts of Rep. Tim Turner to rein in the growth of wind farms in the state through extensive setbacks for wind turbines failed this week in an Oklahoma House committee as wind farm supporters took the wind out of his sails. It shows wind farms and the electricity they produce have more supporters …
** General Motors CFO Paul Jacobson said on Wednesday at a Barclays conference that if U.S. tariffs became permanent, the company would have to consider moving plants, but also said it had not made those decisions yet. GM and other automakers are closely monitoring how tariffs on vehicles and parts from Canada, Mexico and elsewhere will impact …
Modest gains in crude oil prices were recorded Wednesday as prices for Brent and WTI remained near a one-week high. Oklahoma energy stocks also made a strong showing. Investors and traders remained worried about oil supply disruptions in Russia and the U.S. The market is still nervous about the outcome of peace talks to …
At least two closings of federal agencies or their buildings in Oklahoma are among those identified and carried out by DOGE, the Department of Government Efficiency and led by billionaire Elon Musk. One was a BIA office and the other a facility for the U.S. Fish and Wildlife Service. The DOGE website lists a …