Ascent Resources Utica Holdings, LLC of Oklahoma City reported its third quarter 2023 operating and financial results and issued updated full-year 2023 guidance. It recorded improved EBITDAX, the accounting method that excludes exploration costs. But overall net income was lower compared to the previous quarter. With focused efforts in the the Utica Shale of …
Kansas is moving quickly on the $25 million it received to plug thousands of abandoned oil and gas wells in the state. A spokesman for the Kansas Corporation Commission updated legislators this week saying 1,740 wells have been capped or plugged so far and the cost was about $18 million. Ryan Hoffman, the conservation …
Oklahoma U.S. Sens. James Lankford and Markwayne Mullin were among the 50 Senators who voted this week to overturn President Biden’s move to waive some of the “Buy America” retirements for EV charging stations funded by the federal government. The final vote was 50-48 and the White House responded immediately by stating the President …
Two years after Energy Transfer acquired Enable Midstream of Oklahoma City, the company reported third quarter transport records along with third-quarter EBITDA of $3.5 billion compared to $3.1 billion a year ago. Energy Transfer expects things to only get better in the fourtyh quarter, especially after its most recent acquisition, that of Pioneer Natural …
Oklahoma Corporation Commissioners will meet Thursday and hold a discussion about two controversial topics—Right of First Refusal for utilities and Performance Based Ratemaking. The agenda for the 1:30 p.m. meeting includes an item regarding the Commission’s inquiry into the two issues. Both were also the subject of recent interim studies by committees in the …
Wednesday’s trading brought another 3% drop in crude oil prices and Oklahoma energy stocks experienced a second straight day of losses. It was the lowest level for oil prices in more than three months as concerns grew over declining demand in the U.S. and China. West Texas Intermediate fell $2.12 or 2.7% to $75.25 a …
Crude oil stocks at the Cushing Hub in Oklahoma and across the U.S. made slight increases in the past week. Cushing gained 300,000 barrels since October 20 when there were 21.2 million barrels of oil in the large storage tanks. The U.S. Energy Information Administration reported Cushing maintained 21.5 million barrels as of October …
The growing chain of Casey’s General Stores is entering north Texas where the company has acquired 22 Lone Star Food Stores. With locations throughout Oklahoma, Casey’s announced the new holdings are within a 60-mile radius of Sherman, Texas. The transaction is expected to close by the end of November and Casey’s said it is …
Even as Alliance Resources in Tulsa is considered one of the major coal mining companies in the eastern part of the U.S., it also has grown its oil and gas operations. The mining operations, third largest in the eastern U.S., are in Indiana, Ilinois, Kentucky, Pennsylvania, Maryland and West Virginia, but its oil and …
Here’s how some energy issues fared in Tuesday’s elections in other states. Texas voters approved a state energy fund to provide low interest loans for new natural gas-fired power plants. In Maine, voters rejected a measure to create a consumer-owned utlity. Those who supported the idea were outspent 40 to one. Voters there also supported a …