Imagine riding Amtrak’s Heartland Flyer from Oklahoma City to Fort Worth, then catching a ride on a bullet train traveling up to 200 miles an hour to Houston? It’s what rail fans are no doubt thinking about as the federal government has approved construction of the high-speed train, a partnership between Texas Central and …
Continental Resources reports 1,800 barrel production off two Ratliff City wells
Southern Oklahoma exploration by Continental Resources paid off earlier this year with a two-well, single-pad effort that resulted in 1,800 barrels of oil a day. The two Courbet wells, completed in February and March of 2023, are located about one mile north of Raliff City in Carter County at 22 1S 3W . The …
Oklahoma gas prices higher than a year ago
The national average for a gallon of gas has been hovering around $3.82 for the past ten days, a noteworthy length for price stability. This lack of price movement came despite an uptick in gas demand and rising oil prices approaching the mid-$80s per barrel. Today’s national average of $3.84 is 30 cents more than …
Crude oil finished up Friday for the 7th consecutive week
A forecast from the International Energy Agency of record global demand and tightening supplies sent crude oil prices higher on Friday. It was their seventh straight week of gains and the longest such streak since 2022. West Texas Intermediate crude gained 37 cents or 0.5% to finish at $83.19 on the New York Mercantile …
Mammoth Energy sees drop in 2Q earnings
Oklahoma City’s Mammoth Energy followed the path of many other energy firms as it too recorded a decline in second quarter earnings. The company announced the financial and operational results showing second quarter total revenue of $75.4 million was down 16% compared to the $89.7 mllion for the same quarter a year earlier and …
Singapore company picks Albuquerque as site for its first US solar plant
Albuquerque, New Mexico has been picked as the site for a nearly $1 billion solar manufacturing plant. Maxeon Solar Technologies, based in Singapore plans to build the plant and create 1,800 jobs in the city. It announced it picked Albuquerque as the site for its first manufacturing plant in the U.S. Click here for …
Fast reads of energy stories
** The U.S. Department of Energy on Friday announced that projects in Texas and Louisiana to remove more than 2 million metric tons of carbon emissions per year will get over $1 billion in federal grants, a key step in scaling up direct air capture (DAC) technology. The Department of Energy (DOE) selected Project Cypress in Louisiana, …
EV experience sours Canadian man on the industry
For every story you read about the growth of electric vehicles, there’s one on the flip side. Such as the one told by a Canadian man whose experience with his $115,000 electric pickup truck led him to declare, EVs are the “biggest scam of modern times.” He finally had to rely on a good …
Crude oil dropped in Thursday’s trading and OK energy stocks recorded losses
Thursday saw lower crude oil prices and Oklahoma energy stocks recording moderate losses and many blamed China’s fall into deflation and growing concerns about fuel demand from the world’s second-largest economy. West Texas Intermediate crude dropped $1.58 or 1.9% to settle at $82.82 a barrel on the New York Mercantile Exchange. Brent crude, the …
Net income drop recorded by NGL Energy Partners
NGL Energy Partners LP reported its first quarter Fiscal 2024 financial results, reflecting a drop in net income but a gain in adjusted earnings. The net income slipped from $23.1 million reported a year ago to $19.6 million this year but adjusted EBITDA rose from $123.9 million to $134.7 million. The company’s water solutions …