Wednesday , May 15 2024

Rig counts slip in Oklahoma and Texas but make gains elsewhere

  While Oklahoma’s oil and gas rig slipped by one in the past week, the nation’s numbers increased by 2 to 761 according to the latest count announced by Baker Hughes Co. Oklahoma’s count as of this week stood at 63, down one from a week earlier but still more …

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“Wet Bandit” caught in Edmond

  A person who spent the past month sneaking around homes in Edmond and turning on out-door faucets has been caught. Dubbed the “wet bandit” because of the water crime, Edmond police report charges are coming according to Fox 25 news. Click here for Fox 25 news The post “Wet …

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Legislator wants crackdown on gas pump skimmers

  Gas pump skimmers, beware!  Oklahoma Rep. Kevin Wallace of Wellston is coming after you. He’s filed HB2852 which calls for increased punishment for those who use card-skimming devices on gasoline pumps to catch unsuspecting users. “Any person convicted of the offense of manipulation of a fuel dispenser, or the …

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Sen. Mullin cites ‘energy independence’ as reason to endorse Trump’s run for the White House

  In announcing his endorsement of President Donald Trump’s 2024 campaign for a second term, Oklahoma U.S. Sen. Markwayne Mullin cited a number of reasons including how Trump, as President, secured American energy independence. Mullin announced his endorsement on Friday pointing to the nation’s energy independence and how Trump lowered …

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Enverus—rig numbers continue to decline across the nation

  The U.S. rig count had its high point at 853 during the week ended Feb. 8, falling by four from the previous week’s peak, according to Enverus Foundations data. The count is down 2% from a month ago and up 14% YOY. All numbers discussed are weekly peaks to …

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Williams executives to be featured speakers at CERAWeek in Houston

  Williams President and Chief Executive Officer Alan Armstrong will be among the featured speakers at the approaching CERAWeek to be presented by S&P Global in Houston. He will speak Wednesday, March 8 at the 41st annual CERAWeek, joining the world’s energy industry leaders, experts, government officials and policymakers. Two …

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Crude oil prices fell Thursday and so did most Oklahoma energy stocks

  The growth of U.S. oil inventories along with continued worries by investors of Federal Reserve rate hikes sent crude oil prices down on Thursday. Some Oklahoma energy stocks lost nearly 11% in the day’s trading. West Texas Intermediate crude dropped 41 cents or 0.5% to close at $78.06 a …

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Chesapeake 4Q earnings report to be released

  Chesapeake Energy Corporation plans to release its fourth quarter and full-year financial results on Tuesday, February 21, 2023. The question for investors is—will the fourth quarter be as strong as the third quarter? The Oklahoma City-based company said the release will be made after the market closes on that …

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Not much relief seen in Oklahoma gasoline prices

  Gasoline prices eased only slightly in Oklahoma in the past week but still remain well over the $3-a-gallon level reported AAA. The group said Oklahoma’s average as of Thursday was $3.12 a gallon, down from the $3.18 reported a week earlier but still 20 cents more than the $2.92 …

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Colorado refinery shutdown leads to higher gasoline prices in Rocky Mountains

  Colorado environmentalists are learning what happens when the oil and gas industry stops production—gasoline prices skyrocket. It’s what has happened in the state after the December 24, 2022 shutdown of Calgary-based refiner Suncor. The company announced that the 103,000 barrel-a-day oil refinery in Commerce City had been damaged by …

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