PEMA Professional Energy Marketers Association

  More rigs were pulled out of oil and gas drilling across the nation over the past week. The nation’s oil and rig count dropped by 5 in the past week, falling to 624, according to the weekly rig numbers released on Friday by Baker Hughes Co. Oklahoma’s count remained …

The possibility of a ceasefire in Gaza resulted in weaker crude benchmarks on Friday. But as Reuters reported, the shrinking U.S. rig count cushioned the fall. Observers believe if peace talks are successful, it might convince Yemen’s Houthi rebels to allow oil tankers to pass unharmed through the Red Sea. …

Tulsa’s Matrix Service Company just made a major deal to provide engineering, construction and industrial services to a Belgium company. Matrix did not reveal the financial content of the contract its subsidiary, Matrix PDM Enegineering made with Engicon nv headquartered in Harelbeke, Belgium. Under the memorandum of understanding, Matrix will …

Weaker U.S. gasoline demand data led Thursday to a drop in crude oil prices. Adding to the pressure was a UN draft resolutlion that called for a ceasefire in Gaza. West Texas Intermediate crude for May fell 20 cents or 0.3% to $81.07 a barrel on the New York Mercantile …

    Make a note if you are an investor in ConocoPhillips. The oil and gas company plans to release its first quarter 2024 financial results before the market opens on Thursday, May 2. It will followup the release with a conference call on the same day at 11 a.m. …

  Green energy took at hit this week as oil and gas leaders gathered for the annual CERA Week conference in Houston, Texas. There, the heads of some of the leading oil and gas companies complained that the effort by the Biden administration and other world leaders for a clean …

(Cab chassis electric trucks wait for assembly with customizable back ends at Envirotech’s facility in Osceola in 2023 (Terrance Armstard)   Arkansas-based electruck truck manufacturer, Envirotech Vehicles Inc. of Osceola announced it had finalized a deal to provide 200 electric trucks to a Texas company. The order came from PlugD Commercial …

  Vertical well drillers in Oklahoma gather Friday in Oklahoma City for the annual convention of the Oklahoma Energy Producers Alliance. Held at the Embassy Suites Hotel on North Phillips Avenue, the convention will begin with a 9 a.m. welcome by David Little, OEPA Chairman. A general session on Energy …

    Oklahoma Human Services is now accepting online applications for the Low Income Home Energy Assistance Program (LIHEAP) Energy Crisis Assistance Program (ECAP) at OKDHSLive.org. ECAP crisis criteria is verified directly with the utility provider: Households which have an active cut-off notice for the utility on the day of application …

  Dallas Cowboys owner Jerry Jones made energy news this week by investing more than another $100 million in Comstock Resources, Inc., the independent natural gas producer with operations focused on the development of the Haynesville Shale in North Louisiana and East Texas. Jones is the majority shareholder in the …