November is Carbon Monoxide Awareness Month, and Oklahoma Natural Gas urges residents to refresh their knowledge on how to keep their homes and loved ones safe from this invisible threat. Understanding carbon monoxide Carbon monoxide (CO) is a dangerous gas produced when fuel does not burn completely. It can make you sick and, …
Energy predictions from the EIA
Where are the US and the rest of the world going when it comes to energy consumption? Here’s the latest predictions from the U.S. Energy Information Administration: Global oil consumption. India has emerged as the leading source of growth in global oil consumption in our forecast. Over 2024 and 2025, India accounts for 25% …
Coterra extends Permian Basin holdings with $4 billion deals
Coterra Energy expanded its grasp in the Permian Basin with a nearly $4 billion acquisition of assets of Franklin Mountain Energy and Avant Natural Resources. The company anticipates a nearly large increase in its 2025 oil production as a result. Tom Jorden, Chairman, CEO, and President of Coterra, noted, “These highly accretive acquisitions create …
Oil and gas group urges Trump to adopt its energy recommendations
The oil and gas industry is out with major recommendations to the incoming Trump administration regarding energy and the environment. The American Petroleum Institute released a 5-point policy roadmap in an open letter to President-elect Trump. In it, the API said the steps were designed to protect cconsumers, bolster geopolitical strength, leverage US national resources …
Energy briefs
** Exxon Mobil Chair and CEO Darren Woods urged the incoming Trump administration to avoid making turbulent climate policy swings — and he pushed the president-elect to reject carbon border taxes favored by some GOP lawmakers. In an interview with POLITICO, Woods signaled that one of the most powerful players in the energy industry might serve as …
Mach Natural Resources reports improved 3Q earnings
Mach Natural Resources LP reported improved financial and operating results for the three months ended September 30, 2024 over the second quarter. The Company also announced its quarterly cash distribution and provided its full year 2025 outlook. Mach reported total revenue and net income of $256 million and $67 million in the third …
State Broadband efforts move to southeast Oklahoma
The Oklahoma Broadband Office plans to launch more broadband expansion projects and do so with the internet service provider Chisholm Broadband. The projects will improve access to high-speeed internet service in 10 Oklahoma counties and the launching will take place Thursday in Coalgate. Event Details: What: Launch event for Oklahoma Broadband Office/Chisholm Broadband high-speed internet expansion …
Crude oil prices registered only a small gain on Tuesday
Crude oil prices remained at a two-week low after Tuesday’s trading with only gains of a few cents. They stayed there after falling nearly 5% in the past two sessions, largely because of OPEC’s latest downward plans for demand growth. A strong U.S. dollar and disappointment over China’s latest stimulus plan, added to …
Supreme Court hears arguments to block Corporation Commissioner’s votes on rate cases
The Oklahoma Supreme Court must now decide whether to grant a request by three Republican legislators to block Corporation Commissioner Todd Hiett from voting on rate cases for three major utilities because of the sexual and alcoholic allegations made against him last summer. Seven of the nine justices listened to arguments Tuesday in the …
Oklahoma to consider another step toward space launches
The Oklahoma Space Industry Development Authority will meet Wednesday to consider a study that could one day lead to space launches from its facilities in western Oklahoma. The study is included in the agenda of the Wednesday meeting of the authority. The following is the agenda. 1. CALL TO ORDER. Roll call and announcement …