Benchmark Energy II, headquartered in the Texas Panhandle City of Pampa, agreed to aquire more than 470 operating wells in the Western Anadarko Basin in a $145 million deal. The acquisition of the wells along with 140,000 net acres involves assets in both Oklahoma and Texas. The seller was …
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Tulsa’s Vital Energy says it not only had record total and oil production in the fourth quarter of 2023 and for the entire year, but it intends to invest nearly $850 million to increase its 2024 oil production. The Fourth quarter net income totaled $281.4 million and adjusted net …
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Regulation of AI or artificial intelligence. It’s the intent of several bills in the Oklahoma legislature this year and they won approval in the Oklahoma House Government Modernization and Technology Committee. House Bill 3453, authored by Rep. Jeff Boatman, R-Tulsa, would establish the Oklahoma Artificial Intelligence Bill of Rights, which …
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ONE Gas, Inc announced its fourth quarter and full year 2023 financial results, which included diluted earnings per share of $1.27 and $4.14, respectively. They showed gains in fourth quarter net income as well as for the entire year, mostly because of the rate increases approved by state regulators. …
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In a filing with the U.S. Securities Exchange Commission this week, Tulsa-based Empire Petroleum Corporation revealed it had issued a $5 million promissory note to a Cayman Islands exempted company. Energy Evolution Master Fund, Ltd. based near Houston, Texas, had already advanced $2.5 million to Empire. It intends to …
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Lower earnings in the fourth quarter and for all of 2023 were reported by OGE Energy Corp., parent company of the Oklahoma Gas and Electric Company. Milder weather played a role in the drop in earnings. OGE Energy’s fourth quarter net income totaled $48.2 million or 24 cents a …
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Oklahoma Treasurer Todd Russ, the man in charge of the list of banks banned for their policies that discriminate against the oil and gas industry, came out this week with congratulations to three banks and investment firms that dropped their membership in the Climate Action 100+. In an announcement, …
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This week’s decision by Chesapeake Energy to trim some of its natural gas exploration, despite beating analysts expectations with strong fourth quarter earnings, is indicative of what’s happened to U.S. Natural gas producers. As OK Energy Today reported earlier in the week, the Oklahoma City gas giant said …
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Chesapeake Energy saw a gain in its fourth quarter net income which totaled $569 million or $4.02 a fully diluted share but announced it won’t be as aggressive in new well exploration in the coming months. Its adjusted EBITDAX gained as well, moving from $580 million in the third …
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Not only did crude oil prices drop in Tuesday’s trading, but Oklahoma energy stocks did as well. Analysts blamed growing worries about the global demand offsetting price support from the Israel-Hamas war. West Texas Intermediate for March delivery which expired Tuesday settled down $1.01 or 1.3% to $78.18 a barrel …
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PEMA Professional Energy Marketers Association