A mineral rights fight involving a private land owner and a New Mexico oil company resulted in a Supreme Court decision this month which sided with the oil firm. Justices agreed that Premier Oil and Gas of Artesia had properly and legally acquired the mineral rights from the previous land owners. The heirs of …
Crude oil prices slipped while OK energy stocks made gains
Most Oklahoma energy stocks traded higher on Wednesday while oil prices edged lower after investors took profits on earlier gains on tighter U.S. crude supplies. West Texas Intermediate crude fell 40 cents to $75.35 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, dropped 17 cents a barrel and settled at …
Halliburton records increased total revenue but smaller earnings
Halliburton Company’s second quarter earnings fell from the first quarter, despite a slight gain in total revenue according to an announcement. Net income was $610 million or 68 cents a diluted share cmopared to $651 million and 72 cents in the first quarter of 2023, according to a Wednesday announcement by the Houston-based company …
Arkansas regulators negotiate shutoffs and late bill fees with Summit Utilities Inc.
Summit Utilities Inc., an Arkansas company that has customers in Oklahoma and is also regulated by the Oklahoma Corporation Commission, wants to resume its plan of disconnecting customers and charging late-fee penalties later in the summer. And that’s where the rub lies with Arkansas regulators after the firm said it had more than 43,000 …
Cushing records slight drop in total crude oil in storage
The latest figures from the U.S. Energy Information Administration show crude oil storage slipped in the past week at the Cushing Hub in northern Oklahoma. The EIA listed storage at 38.3 million barrels of oil as of July 14, down slightly from the 41.2 million recorded July 7 of this year. Cushing held 42.8 …
Big second quarter for Baker Hughes Co.
Baker Hughes Co. had a big second quarter, seeing a 25% increase in revenue which totaled $6.3 billion and having a 28% jump in orders totaling $7.5 billion. The company reported it resulted in $410 million in net income, a gain of $1.248 millon from the previous year. Adjusted net income came to $395 …
Canoo fulfills commitment to NASA and expands work for Defense Department
Search Keywords While it moves ahead with creation of an EV manufacturing plant in Oklahoma City and a battery plant in Pryor, EV maker Canoo recently announced the delivery on time of three Crew Transportation Vehicles or CTVs to NASA’s Kennedy Space Center in Florida. The vehicles were contracted to transport the astronauts to the …
PSO ready to help Attorney General in his cases against commodity marketers
Public Service Company of Oklahoma indicated it is ready to help Oklahoma Attorney General Gentner Drummond in any way possible as he pursues legal action against those firms that wrongly benefitted from extreme natural gas prices during the 2021 Winter Storm Uri. Wayne Greene, a spokesman for PSO in Tulsa told OK Energy Today, …
Record temperatures hit Oklahoma….but that was in 1934 and 1980
Are the record high temperatures across the nation really a sign of calamitous climate change? The Heartland Institute produced a chart showing similar temperatures occurred nearly 90 years ago—before all of the claims of a deadlly climate change overtaking the country. For example, the 1930s produced some all-time high temperatures in Oklahoma City. It …
Landmark generating station to be demolished in Northwest New Mexico
The residents of the Four-Corners area of New Mexico will soon see the demolition of the long-time San Juan Generating Station where for years, the sky was filled with smoke from the plant. Public Service Company of New Mexico indicated recently that demolition of the plant that was closed last year will begin, first …