OklahomaMinerals.com

Snippets

• Ring Energy Closes Permian Basin Assets Acquisition
  Ring Energy Inc. has completed its previously...
  Ring Energy Inc. has completed its previously announced Central Basin Platform acquisition of Founders Oil & Gas IV LLC assets for about $75 million in cash, according to an Aug. 16 news release.
  
  The deal—which was announced in July—adds Founders’ operations in the Permian Basin’s Ector County, Texas, and is focused on the development of approximately 3,600 net acres. Ring said the assets are similar to Ring's CBP assets acquired in 2022 from Stronghold Energy Operating II LLC.
  Read More
• Feds OK EQT Corp.’s $5.2B Tug Hill Deal, Clearing Way for Close
  EQT Corp.’s $5.2 billion acquisition of ...
  EQT Corp.’s $5.2 billion acquisition of Tug Hill Inc.—long delayed due to regulatory scrutiny—has finally received approval to proceed.
  
  The U.S. Federal Trade Commission resolved its review of EQT’s agreement to acquire Tug Hill’s upstream assets and XcL Midstream’s gathering and processing assets in the Appalachia region, EQT announced in an Aug. 16 news release.
  
  EQT said it anticipates closing the deal within the next seven business days.
  Read More
• ☕️What Else is Brewing Thursday Morning
  Barbie is now Warner Bros.’s highest-grossing domestic release ever. It earned more than...
  Barbie is now Warner Bros.’s highest-grossing domestic release ever. It earned more than $537 million, edging out Christopher Nolan’s Batman flick The Dark Knight for the top spot.
  
  A Kansas newspaper will get back all the equipment that was seized from it during a controversial police raid last week, because the local prosecutor withdrew the search warrant.
  
  Apple has reversed its decision to move the “end call” button and has put it back in the middle of the screen in the latest public version of its next iOS.
  
  England will square off against Spain in the Women’s World Cup final on Sunday after beating host country Australia. Meanwhile, the US coach has resigned after the team underperformed in the tournament.
  
  
  Read More
• Oil prices hit two-week low on China fears, hawkish Fed outlook
  Oil prices fell to a two-week low in Asian trade on Thursday, extending recent losses...
  Oil prices fell to a two-week low in Asian trade on Thursday, extending recent losses as markets fretted over an economic slowdown in China, while strength in the dollar also weighed amid continued signs of a hawkish Federal Reserve.
  
  A bigger-than-expected draw in U.S. inventories largely failed to pull oil prices from a three-day tailspin, as Energy Information Administration (EIA) data also showed that U.S. production came near pre-COVID highs in recent weeks.
  
  Brent oil futures fell 0.2% to $83.13 a barrel, while West Texas Intermediate crude futures fell 0.4% to $79.03 a barrel by 21:04 ET (01:04 GMT). Both contracts were at their weakest level in two weeks and were now down for a fourth consecutive session.
  Read More
• Texas joins Oklahoma and other states in creating EV fees for highway use
  It’s been two years since Oklahoma adopted a highway-use fee for electric vehicle users in the state,...
  It’s been two years since Oklahoma adopted a highway-use fee for electric vehicle users in the state, a fee to offset the loss of gasoline taxes that go toward highway maintenance.
  
  Within a few weeks, electric vehicle drivers in Texas will get the same news. They will be forced to pay $200 a year to register their cars and trucks that run on battery-powered electricity.
  
  It makes 30 states across the U.S. that charge EV owners. Oklahoma’s legislature created the use fee under the “Driving on Road Infrastructure with Vehicles of Electricity (DRIVE) Act of 2021,” an act Gov. Kevin Stitt signed into law in April of that year.
  
  E&E News reports that it’s made for some unhappy EV drivers.
  Read More

• Prev
• Next