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 …
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 …
** 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 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 …
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 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 …
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 …
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 …
Oklahoma’s oil and gas industry and fossil fuel electricity generating power plants face new EPA requirements in two years. The State Department of Environmental Quality announced it will hold a public meeting in December to discuss the development of how Oklahoma will address emissions from the existing crude oil and natural gas facilities …
A four-day hearing is underway in New Mexico to consider banning “forever” chemicals from oil and gas operations. New Mexico’s Oil Conservation Commission is holding the hearing that started Tuesday. The target of the proposed ban are PFAS chemicals or Perfluoroalkyl and polyfluoroalkyl substances which are sometimes part of the chemicals used in the …