Crude oil prices and natural gas prices made gains in Wednesday’s trading….oil going up as fighting continues in Gaza and gas seeing an increase while there’s talk of a growing oversupply. West Texas Intermediate crude went up 87 cents or 1.1% to settle at $77.91 a barrel on the New York Mercantile Exchange. Brent crude, …
Could investment company BlackRock eventually be removed from a list of firms banned from doing Oklahoma state business because of its previous discrimination of oil and gas companies? It’s a question posed to the Oklahoma Treasurer’s office after OK Energy Today recently reported how the New York-based investment firm disclosed its ownership in …
Groceries are certainly a major role in the energy industry throughout Oklahoma and on Thursday, the Oklahoma State Senate will vote whether to cut the taxes on the food stuffs. Senate Pro Tem Greg Treat announced Wednesday an agreement had been reached and he ordered the bill to be brought up for a Thursday …
While Oklahoma remains without a Buc-ee’s store in the state, Colorado is about to open its first in the coming few weeks. The new travel center will open March 18 in Johnstown off I-25 and County Road 48 or just southeast of Loveland. It is a 74,000 square-foot gas station and plenty of …
Lower earnings in the fourth quarter and for all of 2023 were reported by OGE Energy Corp., parent company of the Oklahoma Gas and Electric Company. Milder weather played a role in the drop in earnings. OGE Energy’s fourth quarter net income totaled $48.2 million or 24 cents a share, down from the $50.3 …
Oklahoma Treasurer Todd Russ, the man in charge of the list of banks banned for their policies that discriminate against the oil and gas industry, came out this week with congratulations to three banks and investment firms that dropped their membership in the Climate Action 100+. In an announcement, Russ openly commended J.P. Morgan …
This week’s decision by Chesapeake Energy to trim some of its natural gas exploration, despite beating analysts expectations with strong fourth quarter earnings, is indicative of what’s happened to U.S. Natural gas producers. As OK Energy Today reported earlier in the week, the Oklahoma City gas giant said “current mrket dynamics” were behind …
** The city of Chicago is suing five oil and gas companies and a trade group that represents them over their role in contributing to climate change and its effects, arguing that the companies have misled the public about how the use of fossil fuels affects city residents’ well-being. ** Ray Starling, who served as …
Chesapeake Energy saw a gain in its fourth quarter net income which totaled $569 million or $4.02 a fully diluted share but announced it won’t be as aggressive in new well exploration in the coming months. Its adjusted EBITDAX gained as well, moving from $580 million in the third quarter to $635 million and …
Not only did crude oil prices drop in Tuesday’s trading, but Oklahoma energy stocks did as well. Analysts blamed growing worries about the global demand offsetting price support from the Israel-Hamas war. West Texas Intermediate for March delivery which expired Tuesday settled down $1.01 or 1.3% to $78.18 a barrel on the New York Mercantile …