After finishing its fiscal year 2024 with a fourth quarter net loss of nearly $237 million, NGL Energy Partners LP plans a quarterly release in August. It’s a release that investors are probably anxious about as they wonder if there will be signs of improvement. The release on Thursday, Aug. 8 will be …
Tulsa’s Vital Energy, Inc. just expanded its Permian Basin holdings in partnership with Northern Oil and Gas, with an all-cash $1.1 billion acquisition of the assets of Point Energy Partners, a Vortus investments portfolio company. The announcement indicated the deal “will significantly increase the company’s operational scale and footprint in the Delaware Basin and …
** ArcLight Capital Partners, a major private equity buyer of power assets, launched a new unit with initial capital of $500 million to acquire and upgrade wind and solar projects that will help meet surging electricity demand from data centers. The investment vehicle, SkyVest Renewables, made its debut deal with the purchase of a 160-megawatt …
When the U.S. House voted last week along party lines for a reduced budget for the Department of Interior, it not only had the support of Oklahoma’s five U.S. Representatives. It also included Republican efforts to thwart DEI and environmental justice activities to be inserted by the Biden administration. The final budget bill included …
Oklahoma and the U.S, saw increases in the past week in the numbers of active oil and gas drilling rigs, meaning there was a resumption in exploration. The latest Baker Hughes Co. rig count released on Friday, showed Oklahoma had a gain of two rigs to reach a total of 35 rigs. The total …
We’ll soon see more of those Casey’s General Stores so familiar throughout Oklahoma. The Iowa-based company announced a $1.145 billion acquisition of Fikes Wholesale, Inc., owner of CEFCO Convenience stores in Texas and other states. Casey’s acquisition of Fikes will include 198 retail stores and a dealer network. The proposed transaction will increase Casey’s …
Tulsa’s Alliance Resource Partners, L.P., one of the nation’s largest coal-mining companies plans to release is quarterly finance report on Monday, July 29 just days after it announced a new cash distribution to shareholders. The cash distribution will total 70 cents a share or $2.80 at an annualized rate per share and will …
The oil and gas industry is in the middle of the Presidential campaign with former President Trump seen as a major supporter of Oklahoma’s oil and gas operators while Democratic Vice President Kamala Harris seen as an extreme opponent. One of the issues is fracking. Four years ago, Harris was an avid supporter …
Crude oil prices dropped again on Friday with a 1% decline for the day as investors continued to express concerns about demand in China. The decline came despite reported improved economic growth in the U.S. For the week, West Texas Intermediate crude dropped 3.7% while Brent’s decline was 1.8%. For the year, the …
Just how important is Oklahoma’s Cushing Hub in the overall consideration of crude oil prices around the world? It plays more of a critical role than some might consider—at least based on a recent Reuters report. Some observers believe oil prices in the U.S. are not likely to rebound in the coming few months—unless …