Crude oil prices managed moderate gains on Friday but still finished the week with their steepest weekly losses since March. Oklahoma energy stocks recorded 3% and 4% gains for the day. What prompted the crude oil gains? Largely it was due to a partial lifting of Russia’s fuel export ban. …
Read More »The nation’s Strategic Petroleum Reserve remains low because of President Biden’s use of the crude oil last year to lower national gasoline prices. While some Oklahoma members of Congress were highly critical of Biden’s political use of the crude oil, the Dallas Federal Reserve Bank is out with a …
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Oklahoma’s Broadband Government Board meets again this week to continue its progress on updating a statewide rural broadband expansion effort financed by the federal government. One of the key issues to be discussed at the Tuesday afternoon meeting will be the America Rescue Plan Act, the Broadband, Equity, Access …
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Oklahoma Treasurer Todd Russ says gross receipts to the state treasury for the past 12 months outpaced the prior year’s revenue in September. But he might be looking over his shoulder at what’s happened to oil and gas tax revenue. It fell 16% in the past year and the …
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Crude oil prices took another drop on Thursday, sliding nearly 2% and at the same time, extending Wednesday’s losses of nearly 6%. Worries about fuel demand fed the latest loss, even more than an OPEC+ decision to continue with oil output reductions. Experts in the industry suggest that investors have …
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Not quite time for “frost on the pumpkins” but it’s getting close in Oklahoma this weekend. Above is the prediction from the Oklahoma Mesonet Climatologist Gary McManus. “That’ll freeze your pumpkins (and we all know just how painful that can be). That’ll be the coldest weather we’ve seen in the state …
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Devon Energy recently filed completion reports on two wells drilled on a single pad in Canadian County with production of more than 1,100 barrels of oil a day. The combined natural gas production from the two Dougherty Bros wells, located about 7 miles southwest of Okarche, was more than …
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ConocoPhillilps just forked over nearly $3 billion in cash to finish its nearly $4 billion purchase of the remaining 50% interest in Surmont, the oil sands operation sold by TotalEnergies EP Canada Ltd. It means ConocoPhillips now owns 100% of Surmont which had been targeted for purchase by SunCor. …
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ONEOK’s third quarter financial results will be released on Halloween. We’re not sure if that’s a spooky time to be releasing them, but that’s when the company said it plans to make them available right after the market closes on October 31. ONEOK’s executive management will participate in a …
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A strong series of thunderstorms, caused by the arrival of a cold front, brought 90 mile an hour destructive winds in southwest Oklahoma and left thousands of customers without electrical power. One building was reported to have been destroyed by strong winds in Frederick in the southwest part of …
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PEMA Professional Energy Marketers Association