Category: Oil & Gas

Crude oil prices hit high levels as OPEC+ continues production cuts

  A dollar-a-barrel jump in crude oil prices on Thursday came aftr OPEC+ indicated it would continue with production cuts. But adding to the increase were continued attacks on Russia’s oil refineries and a drop in the U.S. rig count. It also led to gains for Oklahoma energy stocks. West Texas Intermediate crude, considered the …

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Thursday morning earthquake shook area near Edmond

  Oklahoma’s latest earthquake that was actually felt by nearby residents occurred Thursday morning at a site several miles east of Edmond. Measuring 3.1 magnitude, according to the U.S. Geological Survey, the quake’s epicenter was about 5 miles from Edmond with a depth of nearly 4 miles. It was recorded around 10 a.m. It was …

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Mewbourne Oil leader named to OU Regents Board

  Mewbourne Oil Company President and CEO Kenneth Waits has added another step in his list of appointments. He’s been named to the University of Oklahoma Board of Regents by Gov. Kevin Stitt. A graduate of OU, Waits has been a big supporter of the university and the energy company he leads helped with contributions …

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Senior note offering report from Vital Energy

Vital Energy, Inc., in Tulsa reported it had received more than $628 million in cash tender offers for a series of senior notes made available some weeks ago. Based on information provided by the Global Bondholder Services Corporation, Vital said that as of 5 p.m. on March 27, it had received tenders of $431,150,000 for …

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Oklahoma’s oil and gas rig numbers hold steady but US saw a drop in the past week

  As Okahoma’s rig count held steady in the past week,the number of active oil and gas rigs across the U.S. dropped by 3 to 621, reported Baker Hughes Co. in a release on Thursday. Oklahoma remained steady at 44 rigs but was still below the 59 reported by Baker Hughes a year ago. The …

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Bingman lays out stances on legislative issues affecting Corporation Commission

  When it comes to some of the legislative issues dealing directly with the Oklahoma Corporation Commission, how does the only candidate to file so far for the commission in 2024 feel about them? OK Energy Today spoke at length with former State Senator and Secretary of State Brian Bingman about such issues as Right …

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Energy quick reads

** The bodies of two people were recovered from the Patapsco River on Wednesday as officials searched the water where the Key bridge collapsed after being hit by an out-of-control container ship. The men, a 35-year-old and a 26-year-old, were found trapped in a red pickup at the middle of the fallen bridge, according to …

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Crude oil slips as dollar grows stronger

  As the dollar strengthened and U.S. crude and gasoline stocks made a surprise jump, crude oil prices fell for a second consecutive day in trading on Wednesday. At the same time, it proved to be a strong day for Oklahoma energy stocks. West Texas Intermediate crude dropped 27 cents or 0.3% to $81.35 a …

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Oil and gas industry resorts to unusual political maneuver to fight drilling ban

  So why is the Colorado oil and gas industry now coming out in support of a controversial push to ban all oil and gas drilling in the state by 2030? It’s not a case of “if you can’t lick ’em, join ’em.” Instead, the push is a political maneuver to point out that the …

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Gains in crude stocks recorded at Cushing and the U.S.

  The amount of crude oil in storage at the Cushing Hub in northern Oklahoma and across the U.S. increased in the past week, according to a new report from the U.S. Energy Information Administration. Cushing’s oil stocks rose 2.1 million barrell from 31.4 million on March 15 to 33.5 million as of March 22, …

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