PEMA Professional Energy Marketers Association
Data source: U.S. Energy Information Administration, Weekly Natural Gas Storage Report During this past winter heating season (Nov 1–Mar 31), the amount of natural gas withdrawn from underground storage in the U.S. South Central storage region was among the least on record, at 239 billion cubic feet (Bcf), according to the U.S. Energy …
Read More »Devon awards funding to nonprofits
As part of its commitment to supporting diverse communities, Devon Energy awarded a total of $10,000 in Inclusion and Equity Grants to four local nonprofits. This is the first year of the grant program in western Oklahoma. “Devon wants to make a real difference in people’s lives, and these …
Read More »Lankford and Mullin defend oil rights of Osage reservation
Senator James Lankford is challenging the Biden Administration’s proposed rule which could destroy oil and gas production on the Osage Mineral Estate and negatively impact headright owners who depend on mineral production for their livelihoods. The proposed rule is entitled “Leasing of Osage Reservation Lands for Oil and Gas …
Read More »Former Williams chairman and CEO Joe Williams dead at 89
Williams is remembering and honoring former chairman and CEO Joseph H. “Joe” Williams, who died April 27, 2023, at age 89 in South Carolina. Williams spent 35 years at Williams, the last 15 as chairman and chief executive officer. The son of David Williams, one of the original …
Read More »Oklahoma’s oil patch numbers fell over the past week
Oklahoma’s activity in the oil patch continues to slide downward even as the nation’s rig count grows, according to the latest figures released by Baker Hughes Co. Oklahoma’s rig county fell by 3 in the past week, reaching a total of 53. The most recent count is only slightly …
Read More »Completion reports for April 28, 2023
CADDO COUNTY Lynx Oklahoma Operating Llc Hoxbar(8600): Oil 427 Gas 529 Water 950 Flow 7 11N 12W Gunnery Sergeant 7-18-11-12 #1hxl, October 22, 2022 HH, OIL, TD: 17524 ft Lat: 35.44898, Long: -98.50416 API: 35015233260000 COAL COUNTY Command Energy Operating Llc Cromwell(7010): Gas 1072 Water 12 Flow 29 2N 10E Rebecca 1-29, November 14, 2022 DH, GAS, TD: 7283 ft …
Read More »Emergency EPA ruling allows E15 sales during summer driving
Drivers in Oklahoma and other states will be allowed this summer to buy gasoline with 15% ethanol as a result of an emergency move made Friday by the Biden administration. It means the lower-cost fuel will be available for the summer driving season as the EPA said the emergency …
Read More »Crude made 2% gain on Friday while OK energy stocks rebounded 5% and 6%
Crude oil prices managed a 2% gain on Friday and Oklahoma energy stocks saw 5% and 6% increases for the day after most energy firms posted positive earnings and crude output in the U.S. was declining while fuel demand grew. West Texas Intermediate crude went up $2.02 a barrel …
Read More »Mancamp provider reports 1Q loss
Mancamp provider Civeo Corporation reported first quarter revenues of nearly $168 million but at the same time a net loss of $6.4 million or 42 cents a share. The Canadian based company, with an operation in El Reno, Oklahoma, recorded adjusted EBITDA of $20.2 million and negative free cash …
Read More »Quarterly dividend declared by Alliance Resource Partners
A quarterly cash dividend was announced by Alliance Resource Partners, L.P. in Tulsa prior to the release of its quarterly financial report. The Board of Directors approved a cash distribution of $0.70 per unit which figures into an annual rate of $2.80 per unit. The distribution will be payable …
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