The optimism by money managers is still strong when it comes to betting on what will happen to oil prices in the U.S. and abroad. Here’s how Bloomberg News reported it: Oil optimists pushed bullish wagers to a six-month high as the rally in prices continued. Money managers raised optimistic wagers on Brent crude for …
For energy companies such as Devon and others from Oklahoma, relief from the inability to move more oil out of the Permian Basin might be coming soon. The Federal Energy Regulatory Commission has given the go-ahead for the EPIC Crude Pipeline LP’s new 900,000 barrels a day line to Corpus Christi, Texas. EPIC indicated it …
OGE Energy Corp. will hold its quarterly conference call May 2 to discuss the first quarter 2019 results. The call will be held at 8 a.m. Oklahoma time and it will be webcast at the company’s website, www.ogeenergy.com. At the end of the 4th quarter of 2018, OGE reported earnings of $2.12 per average …
Gasoline prices jumped another 7 to 8 cents a gallon across the state this week with a new average price of $2.59 a gallon. A week ago, Oklahoma’s average was $2.51 a gallon, according to AAA Oklahoma. The national average rose to $2.83 a gallon. Cities such as Lawton and Tishomingo have the lowest average …
Oklahoma U.S. Sen. Jim Inhofe is trying to get legislation to stop what he calls “activist” states from abusing the Clean Water Act in blocking some energy projects such as gas lines in the Northeast. He and Sen. John Barasso of Wyoming, chairman of the Senate Committee on Environment and Public Works have introduced an …
AEP Teacher Vision Grants from Public Service Company of Oklahoma (PSO) are enabling local educators to improve student learning in the classroom. Individual grants up to $500 have been awarded to teachers in Atoka, Grove, Hobart, Hinton, Jay, Owasso, Quinton, Tulsa and Vinita. The total amount awarded is nearly $7900. “If adequate funding is all …
Cheniere Energy, Inc., an active player in Oklahoma’s STACK and SCOOP plays plans to release its first quarter 2019 financial results on May 9. The release will be made before the market opens on that Thursday. Management will hold a conference call for investors and analysts at 10 a.m. Central Time to discuss the results. …
Until now, Oklahoma normally would be the second highest oil and gas producing state when it came to rig counts, behind only Texas. But with the loss of 3 rigs, Oklahoma is down to 104, behind the state of New Mexico which dropped two leaving 105 active rigs in the past week. The Permian Basin …
The Environmental Defend Fund claims methane gas emissions are increasing in New Mexico because of the rapid growth of its oi land gas production in the Permian Basin located in the southeast part of the state. The group contends statewide emissions of the gas linked to global warming are five times higher than those reported …
A bill targeting rail companies for blocking streets and intersections in Oklahoma wasn’t derailed in the legislature as some believed this week. It just took a different form before a different committee. After House Bill 2742 authored by House Speaker Charles McCall and Sen. Frank Simpson of Springer failed earlier in the week, they introduced …