Oklahoma Gross Production Taxes Fall 56% in November Oklahoma’s November tax revenues saw a modest gain overall, but the state’s gross production taxes on oil and gas dropped sharply compared to last year. Gross Production Taxes Plunge More Than 56% State Treasurer Todd Russ reported that gross production revenue fell by $37.5 million, a 56.2% …
Empire Petroleum Reports Q3 Results and Operational Updates Q3 Financial Performance Empire Petroleum unveiled its third quarter earnings report this week indicating it is moving forward with increased operations in New Mexico and the Permian Basin. It reported Q3-2025 total product revenue of $9.4 million, a net loss of $3.8 million, or ($0.11) per diluted …
VITAL ENERGY Third Quarter Results While VITAL ENERGY in Tulsa awaits a decision by shareholders on Crescent Energy‘s $3 billion all-stock transaction to acquire the Tulsa firm, Vital reported reported third-quarter 2025 financial and operating results showing a net loss of $353.5 million.Additionally, Oklahoma Energy analysts continue to track valuation modeling against mid-cap shale convergence. …
OPEC Plans Send Oil Prices Lower as Gas Prices Rise Plans by OPEC to raise oil output sent crude prices slightly lower on Monday, while natural gas jumped more than 4%. Oklahoma analysts say the shift could influence local producers heading into winter. OPEC Meeting Sends Mixed Signals Investor optimism over a possible U.S.–China trade …
Strong Q2 Sets High Bar for Ovintiv’s Next Report After posting more than $1 billion in operating cash flow in the second quarter, Ovintiv Inc. is preparing to release its third-quarter earnings in early November. Investors are watching closely to see whether the company can keep its momentum going. The Denver-based oil and gas producer, …
