The sales price of the 1.3 million shares in Gulfport Energy Corporation in an underwritten public offering announced this week was revealed at $95 per share. And a day later, Gulfport shares plunged 11% in value. In a filing with the Securities and Exchange Commission, Gulfport said the price was part of the offering …
The Cushing Hub remained steady in the past week of the amount of crude oil in storage, reaching 42 million barrels of oil. The U.S. Energy Information Administration, in its weekly Petroleum Report, indicated Cushing actually declined slightly from the 42.1 million barrels reported on June 9. The 42-million level was as of June …
It could still be several months before Oklahoma’s Broadband Office is able to complete a map of the state showing where there are deserts of internet service for residents. It’s what members of the Broadband Commission were told this week during a meeting in Oklahoma City. “Nearly 800,000 Oklahomans do not have high speed …
The disappointment and anger by Iowa’s elected officials to this week’s EPA decision to scale back how much ethanol should be blended into the nation’s gas supply over the next two years should not be a surprise. After all, Iowa is a corn-rich state and much of the corn is used in the production …
Oklahoma’s McClain County was the site of another strong oil well, this time by EOG Resources of Oklahoma City. The well produced more than 1,000 barrels of oil a day. The energy company filed a completion report this week on the Warhawk 0631 4h well, located at 7 9N 4W , a site a …
** Drivers in the state of Washington are celebrating the official start of summer with an unwelcome sight: America’s most expensive gas prices. The average cost of regular gasoline in Washington state has jumped by 32 cents over the past month to $4.93 a gallon, according to AAA. That’s 7 cents ahead of California, which is notorious for …
Oklahoma Gross Receipts to the Treasury continue to taper off as energy prices decline according to an update provided this week by Treasurer Todd Russ who indicated lower energy prices are clearly impacting the state’s bottom line. He said the 12-month total in May was $17.48 billion or $146 million less than the high-water …
Crude oil prices gained a dollar a barrel in Wednesday’s trading while Oklahoma energy stocks recorded some moderate gains, based largely on anticipated poor corn and soybean harvests. Crude rose as US corn and soybean prices increased to multi-month highs because of dry conditions in the Midwest and anticipated lower crops, something that could …
Gulfport Energy Corporation announced Wednesday an underwritten public offering of 1.3 million shares of its common stock by certain stockholders. The Oklahoma City-based energy firm explained the selling stockholders intend to grant the underwriters a 30-day option to buy another 195,000 shares to cover any overallotments. Gulfport will not sell any shares of its …
The ever changing world of energy, whether it’s the politics of government decisions, crude oil production or the environment—-you never know what will be included in the weekly discussion by Scott Mitchell and his “Mitchell Talks Energy” program where he interviews Jerry Bohnen of Oklahoma Energy Today. This week? This week Scott and Jerry discuss …