OklahomaMinerals.com

Snippets

• US gas production high despite glut, low prices
  The US natural gas industry faces a challenging outlook for 2024 as a warm winter and high storage levels...
  The US natural gas industry faces a challenging outlook for 2024 as a warm winter and high storage levels have pushed prices below $3 per million British thermal units, with sub-$2 prices possible unless the surplus inventory is reduced. Nevertheless, US gas drillers are keeping production high in anticipation of the upcoming surge in demand from new liquefied natural gas terminals.
  Read More
• Industry leaders battle declining appeal of oil, gas jobs
  US shale tycoon Harold Hamm has recently donated $50 million to establish the Hamm Institute for American...
  US shale tycoon Harold Hamm has recently donated $50 million to establish the Hamm Institute for American Energy at Oklahoma State University as part of efforts to counter younger generations' dwindling interest in oil and natural gas careers, while oil giants including ExxonMobil, Chevron and Shell have launched similar initiatives. Undergraduate enrollment in petroleum engineering courses has dropped from 7,046 in 2019 to 3,911 in 2023, heightening concerns about skills shortages in the industry.
  Read More
• ☕️What Else is Brewing Wednesday Morning
  The SEC’s X account got hacked. Everyone is waiting for the SEC’s ...
  The SEC’s X account got hacked. Everyone is waiting for the SEC’s decision, expected today, about whether it will allow spot bitcoin ETFs that would make buying the cryptocurrency easier and more accessible. But it seems someone wasn’t willing to wait it out: After the SEC’s account posted to X yesterday that the ETFs had been approved, Chair Gary Gensler said on his own account that there had been no approval and the agency’s account was “compromised.” The false post briefly caused a spike in bitcoin prices.
  
  Boeing’s CEO said the company must acknowledge its mistake as it deals with the terrifying Alaska Airlines incident that led to the grounding of its 737 Max 9 planes.
  
  It was a rough one for layoff announcements: BlackRock cut 600 employees, or 3% of its staff, in the face of changes to the industry, Twitch will cut 500 employees, 35% of its workforce, and Rent the Runway let go of 10% of its corporate staff, about 37 people.
  
  Ecuador’s president declared an “internal armed conflict” after gunmen stormed a live TV broadcast and notorious gang leaders escaped from prison.
  
  NASA delayed its plans to put astronauts on the moon until 2026, saying it needed more time to work out technical and safety challenges.
  Read More
• Dow snaps three-day winning streak as market awaits inflation data, earnings
  U.S. stocks ended mostly lower on Tuesday as investors rethink the chances of an interest-rate cut by...
  U.S. stocks ended mostly lower on Tuesday as investors rethink the chances of an interest-rate cut by the Federal Reserve in the near term and await new inflation data and earnings results later in the week.
  
  The Dow Jones Industrial Average DJIA fell 157.85 points or 0.4% to end at 37,525.16
  
  The S&P 500 SPX shed 7.04 points or 0.2% to finish at 4,756.50
  
  The Nasdaq Composite COMP gained 13.94 points or 0.1% to close at 14,857.71
  
  On Monday, the Dow Jones Industrial Average rose 217 points, or 0.58%, to 37,683; the S&P 500 increased 66 points, or 1.41%, to 4,764; and the Nasdaq Composite gained 320 points, or 2.2%, to 14,844.
  
  Request a Consultation
  Read More
• 🌨️Cold Weather Forecast for Oklahoma
  A real taste of winter is hitting most of the state this week, sending oil and gas crews to wear extra...
  A real taste of winter is hitting most of the state this week, sending oil and gas crews to wear extra clothing to fight the extreme wind chills. Oklahoma Climatologist Gary McManus says we’ll see wind chills down “into the single digits and teens” Tuesday morning.
  

  “Then, around Friday, we’re going to get a blast of true Arctic air, and then we could see a February 2021-lite version of winter where we stay below freezing for several days. A bit far out to say for sure, but get ready for winter-for-real.”

  
  

  

  
  

  
  

  He said another storm system will likely hit the state on Friday and early next week with a strong chance of snow for many areas of Oklahoma—“just depends on the storm track of those systems. [Source: OK Energy Today}
  Read More

• Prev
• Next