The second-quarter 2022 financial results of Williams Companies will be released in a few weeks. The Tulsa-based company stated this week the financial report will be released after the close of markets on Monday, Aug. 1 of this year. The company’s second-quarter 2022 earnings conference call and webcast with analysts and investors is scheduled …
July 12, 2022 archive
Crude oil prices hit 3-month low and took OK energy stocks with them
Growing worries about a possible recession resulted in crude oil prices tumbling Tuesday to a three-month low. At the same time, world stocks were mixed in trading as traders showed their concerns about the health of worldwide economies. Oil prices ended down 4% while natural gas prices fell nearly 8%. West Texas Intermediate crude …
Oilfield workforce struggles hit GDP in Oklahoma and other states
The struggle by oil and gas companies to restore their workforces is evident in the latest report showing Oklahoma and other energy-producing states had the biggest drops in Gross Domestic Products in the first quarter of 2022. It’s clear that the effort to put workers back into the oilfields is so challenging that it …
Lucas praises scientists for James Webb space picture
When the startling picture of space taken by the James Webb Space Telescope were unveiled to the public this week by President Biden, Oklahoma congressman Frank Lucas was among those marveling at the clarity and preciseness of the photograph. Rep. Lucas, the ranking member of the U.S. House Science, Space and Technology committee immediately offered …
Old gold mine center of ‘dark matter’ research
A mile-deep former gold mine in South Dakota is the center of a scientific project in the search for ‘dark matter.’ The site is Lead, South Dakota reported the Bismarck Tribune. Click here for Bismarck Tribune
OKC man accused in oil fraud case won’t stand trial until 2023
An Oklahoma City federal judge has ruled a defendant in an alleged scheme involving confidential drilling plans of Continental Resources won’t stand trial until February 2023. The Oklahoman reported the ruling came in the criminal fraud charges against Blaine Dyer, who, if convicted, could face 30 years in prison. Click here for The Oklahoman
Headlines of more energy stories
** According to a recent Reuters report, the U.S. sent more than five million barrels of oil from its SPR to Europe and Asia last month. Reuters reported that Phillips 66 shipped around 470,000 barrels of crude oil from a storage site in Texas to Italy. ** The global price of oil could surge by 40% to around …
Canoo gets a “lifeline”
Canoo, the EV maker whose economic issues were so serious it warned its future was “doubtful” and resulted in the delay of construction of its manufacturing plant in northeast Oklahoma might have just received a lifeline. Walmart announced it will purchase 4,500 electric delivery vans from Canoo and have an option to acquire up …
Texas wind power fails during heat wave
Wind power in Texas has failed to help ease the electricity demand in the state at a time when a heat wave has the grid operator asking consumers for help. Bloomberg reported wind turbines are producing less than a tenth of the power they’re capable of producing. Click here for Bloomberg