The Williams Cos. in Tulsa announced a $1.5 billion share repurchase program that is effective immediately. The board of directors gave the authority for the program to buy up the amount of the firm’s outstanding common stock. “With a strong balance sheet and excess free cash flow, we are well positioned to execute on …
September 8, 2021 archive
Energy news in brief
** Occidental Petroleum Corp on Wednesday said in a securities filing seven of its 10 offshore oil production platforms in the U.S. Gulf of Mexico remain offline since Hurricane Ida. ** Experts say tens of thousands of people may abandon Louisiana after Ida, similar to the mass exodus that took place after Hurricane Katrina. ** A leak of …
Town sues over tribal meat processing plant near Glenpool
The Muskogee Phoenix reports residents of the eastern Oklahoma town of Winchester are going to court against the Muscogee Nation in a fight to shut down a new tribal-funded meat processing operation. The paper says the town and five families are accusing the Looped Square Meat Processing Co. plant of violating environmental laws under the …
Natural gas hits 7-year high
Watch what U.S. natural gas prices are doing after they soared to a seven-year high this week…just months ahead of the winter-heating season. The approaching winter season isn’t the only reason prices are climbing. There’s also concern over the prospects of a supply crunch reported Bloomberg. Click here for Bloomberg report.
Hyperloop Prototype to be built and tested near Pueblo, Colorado
A 23,000 acre former U.S. Army Chemical depot near Pueblo, Colorado will become a new testing site for an experimental transportation technology known as hyperloop. Freight Waves reports Swiss-American startup Swisspod agreed with Transportation Technology Center Inc. to build and test a full-scale prototype of its hyperloop system at the site about 20 miles …
Methane emissions tax: The wrong path to manage methane in Kansas and beyond
The head of the Kansas Independent Oil & Gas Association says the Biden administration’s push for a methane emissions tax is not only inappropriate but unworkable. Writing in the Kansas City Star this week, Edward Cross said the Methane Emissions Reduction Act considered by Congress is unnecessary. Click here for the Kansas City …
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