Cheniere Energy, the energy firm with a major natural gas line extending from Oklahoma’s STACK and SCOOP plays and also the biggest U.S. buyer of gas and the biggest U.S. exporter of LNG, forecast a lower core profit for 2024. Just as Oklahoma City’s Chesapeake Energy lowered its capital expenditures for natural gas …
Governors of some of the nation’s biggest corn producing states got their wish. So did corn producers. The Environmental Protection Agency gave approval for E-15 ethanol gas sales to be allowed year round in eight Midwest states with heavy corn production. The rule change came as the EPA was under heavy pressure from …
The Red Sea attacks by the Iran-aligned Houthis continue to weigh heavily on investors and sent crude oil futures higher in Thursday’s trading. However, the gains were also affected by a large build in U.S. crude inventories, seen even in Oklahoma. West Texas Intermediate crude for April delivery gained 70 cents to $78.61 a …
After months of negotiations including closed-door sessions with opponents and proponents who stood their ground on a ROFR law in Oklahoma, a State house Committee on Thursday voted to support a measure that the lead legislator said wasn’t a ROFR bill. But it’s apparent the ROFR fight is still being waged at the capitol …
Crude stocks across the U.S. and at the Cushing Hub in Oklahoma made a continuing build in the past week. The U.S. Energy Information Administration reported the U.S. crude oil stocks gained nearly 4 million barrels. It went from 439.4 million on February 9 to 443 million barrels as of February 16. The nation’s …
One of the major complaints about the economy in this country focuses on groceries, right? Prices seemingly are constantly on the increase whether it’s meat, bread, or fruits. One cause is the soaring costs for the trucking industry. A new truck that once cost $120,000 to $130,000 now costs $190,000. The number one …
Benchmark Energy II, headquartered in the Texas Panhandle City of Pampa, agreed to aquire more than 470 operating wells in the Western Anadarko Basin in a $145 million deal. The acquisition of the wells along with 140,000 net acres involves assets in both Oklahoma and Texas. The seller was Revolution Resources which had acquired …
Tulsa’s Vital Energy says it not only had record total and oil production in the fourth quarter of 2023 and for the entire year, but it intends to invest nearly $850 million to increase its 2024 oil production. The Fourth quarter net income totaled $281.4 million and adjusted net income was $76.1 million with …
Activist investor Carl Icahn, a big owner of Oklahoma City’s SandRidge Energy company, has some major challenges with his Icahn Enterprises. On Wednesday, Icahn Enterprises warned of a sequential decline in its indicative net asset value in the fourt quarter reported Reuters.After the warning, company shares dropped 11%. It’s on top of the fight …
** A cellular outage early on Thursday hit thousands of AT&T users in the United States, disrupting calls and text messages as well as emergency services in major cities including San Francisco. More than 50,000 incidents were reported around 7:00 a.m. ET, according to data from outage tracking website Downdetector.com. ** The Supreme Court’s conservative majority seemed …