Unit Corporation announced that the quarterly cash dividend of $1.25 per share of common stock for the fourth quarter of 2025 will be paid on December 26, 2025, to shareholders of record as of the close of business on December 16, 2025. The quarterly cash dividend will be funded by cash on the Company’s …
Oil Prices Rise $1 After OPEC+ Holds Output Steady Crude oil prices moved higher on Monday after OPEC+ leaders reaffirmed their plan to hold oil output steady through the first quarter of 2026. The decision renewed concerns about global supply, even as analysts continued to warn about too much oil on the market. West Texas …
The latest Baker Hughes Rig Count released on Friday showed Oklahoma with a gain of one rig in its oil and gas activity while the U.S. gained 5 for a total of 554 rigs across the country. Oklahoma increased to 42 rigs while one year ago, the count stood at 44 active rigs. The …
Residents of Virginia and North Carolina have expressed growing concerns over the expansion of a Williams Cos. pipeline meant to transport gas. Williams, headquartered in Tulsa, is one of two major energy firms to transport gas through the Appalachian regions of the two states. But their plans, part of an effort to also create …
Western Oklahoma remains the center of the state’s oil and gas rig activity with a gain of one rig over the past week, according to the most recent Baker Hughes Rig Count. The total grew to 42 rigs, two shy of the 44 rigs active in Oklahoma one year ago. The Cana Woodford is …
U.S. rig counts remain low as production efficiencies improve Data source: Baker Hughes Company Note: Excludes any miscellaneous rigs The average number of active rigs per month that are drilling for oil and natural gas in the U.S. Lower 48 states has declined steadily over the past few years from a recent peak of 750 rigs …
Keystone Pipeline Failure Traced to Fatigue Crack Pipeline fatigue was what caused the leak of thousands of barrels of oil from the Keystone Pipeline earlier this year in North Dakota. The spill spread across farmland and required significant cleanup efforts. The cause became public this week after the pipeline operator released new information. AP Confirms …
Crude oil prices rose more than $1 a barrel or 1% in Tuesday’s trading as investors and traders considered the impact of U.S. sanctions on Russian oil flows. Additionally, President Trump’s announcement that his administration has begun interviewing for the next Federal Reserve chair added another layer of market movement. Crude Oil Prices Rise on …
The latest Baker Hughes Rig count showed losses in two of Oklahoma’s plays where there had been significant activity. The Cana Woodford, according to the report, dropped 3 rigs leaving a total of 17 still active in the western Oklahoma play. The Granite Wash, another active play, saw its count drop by one to 12 …
Global Tensions and Economic Concerns Pressure Energy Markets Growing pessimism over global supply and demand sent crude oil prices slipping in Monday’s trading session. Analysts pointed to a mix of geopolitical tensions, sanctions, and economic strain as the leading factors behind the market’s downturn. The continued war between Russia and Ukraine, coupled with U.S. sanctions …
