Some of those acquisitions by Oklahoma energy companies involving the Permian Basin helped push mergers and purchases in the Basin to more than $100 billion this year. It’s according to consultancy Wood Mackenzie, which released a report that totaled the value of all the acquisitions. The list included this week’s proposed $60 billion acquisition …
** U.S. Senator John Barrasso (R-WY), ranking member of the Senate Committee on Energy and Natural Resources (ENR), applauded the U.S. House of Representatives for passing by voice vote H.R.1042, companion legislation to S. 763, a bipartisan bill introduced by Barrasso to prohibit U.S. imports of Russian uranium. ** A House panel subpoenaed The Vanguard Group and …
As crude oil prices recorded slight gains in Monday’s trading, some Oklahoma energy stocks made significant gains, including a Tulsa energy company with a 15% jump for the day. Gains in crude prices came as OPEC+ production cuts didn’t offset worries around crude oversupply in the coming year. The slight gains came after both rose …
Excluding old St. Nick who will travel untold millions of miles on Christmas Eve, AAA predicts 115.2 million travelers will head 50 miles or more from home over the approaching Christmas holiday travel period. It represents a 2.2% increase over last year and is also the second highest year-end travel forecasst since 2000 when …
** Occidental Petroleum stock was declining Monday after the oil company announced it will acquire energy producer CrownRock in a deal valued at $12 billion. Occidental said Monday that the acquisition will help increase the company’s position in the Midland Basin, and will add 170,000 barrels of oil per day to the company’s production. The Midland …
Some members of Oklahoma’ s U.S. House and Senate delegation are speaking out against how the USDA is handing out funds to farmers and ranchers in the Emergency Relief Program. They’re suggesting USDA Secretary Tom Vilsack and his agency are invoking woke privileges for some of the recipients of the funds. “Farm policy must …
A special meeting of the Oklahoma Space Industry Development Authority will be held Wednesday in Oklahoma City. The 1:30 p.m. meeting will be at the Commerce Department offices, 900 N. Stiles. The following is the agenda: AGENDA ITEMS TO BE PRESENTED BY OSIDA EXECUTIVE DIRECTOR CRAIG SMITH 5. EXECUTIVE DIRECTOR REPORT – (Information Only) …
Phillips 66 announced its 2024 capital budget of $2.2 billion lower than the $2.5 billion it included in the 2023 capital budget. The new budget includes $923 million for sustaining capital and $1.3 billion for growth capital. Excluding joint venture debt repayments due in 2024, the company’s 2024 capital budget is $2 billion. “We continue …
The results of the Halliburton’s fourth quarter 2023 financial report will be made known in late January. The company, with deep Oklahoma roots, announced it will hold a conference call on Tuesday, January 23 where the results will be discussed by corporate leaders. The call will begin at 8 a.m. Central Time and the …
Oklahoma transportation officials are taking a long, hard look at possibly eliminating taxes paid by drivers at the gas pump and replacing it with a user fee—one charged on the amount of miles driven by motorists in the state. It’s an idea that is growing around the nation as more electric vehicles take to …