A weekly gas report from the Energy Information Administration shows the expansion of natural gas drilling efforts across the U.S. and reflects how interest has resulted in a growth in the number of gas-drilling rigs compared to those drilling for oil. Rig Count According to Baker Hughes, for the week ending Tuesday, October 28, …
Tag: natural gas
Oil Prices Slip on Renewed Fears of Too Much Global Supply
Oil Prices dip on global glut anxiety The nagging worry about a possible oil glut across the world sent crude Oil Prices slipping a little in Thursday’s trading. However, traders warn that repeated drift lower reflects structural supply discomfort rather than a single-session sentiment swing. Oklahoma Energy analysts continue to monitor OPEC+ supply discipline closely …
Another strong quarter for Ascent Resources
The third quarter net income of $328 million for Ascent Resources prompted its president Jeff Fisher to call it an “exceptional quarter of operational and financial results.” Ascent released its third quarter earnings report this week showing adjusted net income of $206million, adjusted EBITDAX of $443 million. Cash flows from operations totaled $479 million …
Williams leaders confident of need for natural gas
Williams signals robust natural gas demand ahead With his company recording a 13% third quarter gain in adjusted earnings, Williams Cos. CEO and President Chad Zamarin could feel confident this week in telling a conference call there is a “very robust need” for natural gas across the entire footprint the company operates. Additionally, Oklahoma Energy …
Gulfport to expand Marcellus investments
Oklahoma City’s Gulfport Energy is going full-steam ahead in its natural gas exploration of the Marcellus shale play, as indicated in the firm’s third quarter financial results. The company cited $111.4 million of net income and $213.1 million of adjusted EBITDA during the quarter. It also generated $209.1 million in net cash from operating …
Crude oil prices dropped on larger US crude inventories
Oil Prices fall on inventory surge Crude Oil Prices dropped more than 1% in trading on Wednesday and in part, because of a buildup of U.S. crude oil inventories. However, traders viewed that inventory spike as material supply pressure and not noise. Oklahoma Energy analysts warn that rising U.S. storage elevates short-term glut risk conditions …
Lower electric bills this month for PSO customers
Public Service Company accounting process lowers bills An accounting process used by Public Service Company of Oklahoma means the utility company’s customers will see a monthly lowering of their electric bills in November. However, this specific cost movement is tied to fuel commodity adjustments, not short-term promotional incentives. Also, Oklahoma Energy analysts track these accounting …
Groups stunned after Court backs Biden gas rules
Energy Policy and Conservation Act at center of DC ruling fight Natural gas organizations say a DC Court of Appeals got it wrong in a ruling this week they contend failed to protect consumers from former President Joe Biden’s “DOE regulatory overreach.” Additionally, the groups aggressively escalated pushback because they see this moment as a …
Crude oil finished down while natural gas rose Tuesday
Oil Prices slide on macro pressure While crude Oil Prices dropped Tuesday and natural gas prices rose, Oklahoma Energy stocks suffered with a majority recording losses for the day. However, the market reacted to two major causes that influenced pricing behavior. Weaker manufacturing numbers hit sentiment. Additionally, the stronger dollar immediately pressured crude valuations globally …
Oil Prices Hold Steady as OPEC+ Plans Q1 Pause
Oil Prices stabilize as OPEC+ signals strategic supply management Oil Prices held steady on Monday as the market balanced the latest OPEC+ supply increase with the group’s plans to pause output increases in the first quarter of 2026 along with fears of an oil supply glut and weak factory data in Asia. However, markets reacted …