Oklahoma County Assessor Larry Stein announced this week his office had determined the early November tornadoes that hit the county partially damaged or destroyed 231 properties. He also said the damages totaled $57.9 million and were growing. “Our teams have been all across the area impacted by the rare early November 2-3 storm system …
After more than 18 months of back-and-forth attempts to acquire PHX Minerals of Fort Worth—WhiteHawk Energy of Philadelphia got its answer. It was a resounding no. The response finally came from PHX’s Board of Directors. ” We and PHX management continue to review opportunities that are focused on maximizing stockholder value. With respect …
A fight is underway over the EPA’s latest rule to force oil and gas companies to pay a federal fee if they emit dangerous methane above certain levels and U.S. Sen. Shelley Moore Capito (R-W.Va.) is one of those leading the battle. “The Biden administration is continuing its anti-consumer agenda by implementing the natural …
The latest Permian Basin acquisition reportedly involves a $1 billion agreement by Hilcorp Energy to buy conventional oil drilling assets in Texas and New Mexico. According to Reuters, Hilcorp is acquiring conventional vertical wells rather than horizontal ones. Hilcorp has a history of buying mature oilfields. The firm has most of its operations in …
After acquiring Pioneer Natural Resources Co. in a $63 billion deal this year, Exxon Mobil Corp. plans to lay off close to 400 Pioneer employees. A report by Bloomberg indicated the firm notified the Texas Workforce Commission on Wednesday of its intentions. Click here for Bloomberg
As the Oklahoma Broadband Office prepares to launch an expansion project, this time in western Oklahoma, it received still more federal funding to bring broadband service to rural areas of the state. The Oklahoma Broadband Office was approved for an $11.2 million grant from the National Telecommunications and Information Administration (NTIA) to help …
PHX Minerals recorded a slight drop in net income in the third quarter, slipping from $1.3 million and 4 cents a share in the second quarter to $1.1 million and 3 cents a share as the company also saw declines in production and converting wells in production. The Fort Worth-based company said earnings compared …
A rough road ahead for electric vehicle manufacturer Canoo Inc. as the company, with a manufacturing plant in Oklahoma City and a battery production facility in Pryor, announced a loss in the company’s third quarter. “This will continue to be a difficult and critical period as we do everything we can to get the …
Another round of rain for much of Oklahoma is in the forecast for next week. Oklahoma Climatologist Gary McManus noted it has already been the wettest NOvember on record—not to mention 9 tornadoes so far for the month. “Every drop of rain we get is a new November rainfall record. Well, once we get ENOUGH …
( REUTERS/Ramzi Boudina/File Photo) A small rebound was recorded Wednesday in crude oil prices after they fell nearly 5% this week, largely due to OPEC’s reduced demand forecast. The slight gains came after both benchmarks closed at their lowest levels in nearly two weeks on Monday and Tuesday. The slump was blamed on word …