The amount of crude oil in storage in the U.S. grew in the past week, causing a drop in American oil prices. At the same time, the storage dropped at the Cushing hub in Oklahoma. The U.S. Energy Information Administration reported the U.S. storage rose by more than 10 million barrels from 765.3 million …
Noted Oklahoma oilman Harold Hamm, the founder of Continental Resources and who is considered a “legend” in the industry, says the war declared against Hamas by Israel shows one thing—the world’s energy industry is better prepared for worldwide disruptions than it was decades ago. “It certainly has affected our industry. This deal in Israel—we’re …
Observers of the nation’s thousands of abandoned oil and gas wells say what the Biden administration is putting into a cleanup program is only a dent in the effort. Oklahoma is among 24 states that received some of the billions of dollars. A total of $4.7 billion was set aside to plug the orphanied …
The third quarter financial results of ammonia-related producer LSB Industries, Inc. will be made known at the first of November. The Oklahoma City company pllans to release the report after the close of the stock market on Wednesday, November 1. It will be followed by a conference call on Thursday, November 2 at 9 …
Gulfport Energy Corporation plans to release its third quarter earnings report at the end of the month. Results will be released after the market closing on Tuesday, October 31. A teleconference and webcast will be held the next day, Wednesday, November 1 at 8 a.m. Central Time. As a result of its exploration, acquisition …
Ahead of releasing its third quarter financial results in early November, Vital Energy, Inc. provided select preliminary results for third-quarter 2023, including average daily total and oil production and incurred capital investments. The Tulsa company’s third-quarter 2023 total production averaged approximately 101.3 thousand barrels of oil equivalent per day (“MBOE/d”), above guidance of 94.0 …
** Transportation Secretary Pete Buttigieg was chased from an event in Baltimore on Tuesday evening after left-wing climate activists stormed the stage and demanded he stop fossil fuel infrastructure projects. ** Congressional Western Caucus Chairman Dan Newhouse (WA-04) introduced legislation which would withdraw the National Park Service (NPS) and U.S. Fish and Wildlife Service (FWS) proposed 10(j) …
Empire Petroleum Corporation announced this week the start of its 2023-2024 drilling program with the spud of a new well at its North Dakota asset in the Starbuck Field. “Yesterday, we spudded our first well in North Dakota marking the beginning of redevelopment plans aimed at unlocking significant opportunities across all of Empire Petroleum’s …
Wednesday brought another day of tumbling crude oil prices as they slipped 2% while investors gained a little more confidence that supplies won’t be disrupted by the fighting in Israel and Gaza. Plus, OPEC producer Saudi Arabia’s pledge to stablize the market eased some of the worries. West Texas Intermediate, the U.S. benchmark, dropped $2.48 …
The Oklahoma Broadband Governing Board has elected Dr. Jim Meek to serve as its chair and Amanda Mullins as its vice chair. The board selected Meek and Mullins by unanimous votes at its regular monthly meeting on Tuesday, October 10. The pair will lead the nine-member board as it oversees expansion of reliable and affordable high-speed internet service throughout the state. Meek, of Okmulgee, is an appointee …