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 …
Skepticism was on display Wednesday as the U.S. Supreme Court heard arguments about the EPA’s so-called ““good neighbor” rule, an anti-air-pollution rule. The conservative majority on the court showed it as the Environmental Protection Agency fought challenges in its efforts to continue enforcement in 11 states. The rule is about restrictions of smokestack …
Shares in Chesapeake Energy rose more than 7% on Wednesday as the Oklahoma City company announced cuts in spending and natural gas output this year. Company officials, as OK Energy Today reported earlier in the week, said the market was “oversupplied.” Natural gas prices had fallen 30% this year because of mild weather with …
Legislators attempting to transfer the trucking enforcement in the state from the Oklahoma Corporation Commission to the Department of Public Safety are on notice—the commission is adamently against it. Commissioner Kim David accused members of a legislative committee of using “scare tactics” during a committee hearing, prompting her to ask her fellow commissioners on …
Regulation of AI or artificial intelligence. It’s the intent of several bills in the Oklahoma legislature this year and they won approval in the Oklahoma House Government Modernization and Technology Committee. House Bill 3453, authored by Rep. Jeff Boatman, R-Tulsa, would establish the Oklahoma Artificial Intelligence Bill of Rights, which defines “artificial intelligence” and “real …
ONE Gas, Inc announced its fourth quarter and full year 2023 financial results, which included diluted earnings per share of $1.27 and $4.14, respectively. They showed gains in fourth quarter net income as well as for the entire year, mostly because of the rate increases approved by state regulators. “We had another successful year …
In a filing with the U.S. Securities Exchange Commission this week, Tulsa-based Empire Petroleum Corporation revealed it had issued a $5 million promissory note to a Cayman Islands exempted company. Energy Evolution Master Fund, Ltd. based near Houston, Texas, had already advanced $2.5 million to Empire. It intends to advance up to another $2.5 …