Expect Williams Cos. Inc. to finish two natural gas pipeline projects by the end of 2024 it has underway in New Jersey and Louisiana. It’s what CEO Alan Armstrong told Reuters at the Reuters Global Energy transition conference this week. One of them is the Louisiana Energy Gateway project in Louisiana and Texas which …
Category: Oil & Gas
Big trading day for Oklahoma energy stocks while crude oil made more gains
Wednesday’s trading produced strong results of 5% and 6% gains for some Oklahoma energy stocks while crude oil prices rose 1%. Crude prices gained as Saudi Arabia’s plans for oil production cuts offset worried about rising U.S. fuel stocks as indicated by the Energy Information Administration’s reports on crude stored at the Cushing hub. …
Cushing hub sees gain in stored crude oil while U.S. total slips
The amount of crude oil in storage at Oklahoma’s Cushing hub increased in the past week, while nationally figures saw a slight decline. The U.S. Energy Information Administration reported Cushing held 40.6 million barrels of oil as of June 2 of this year, up 1.7 million from the 38.9 million reported on May 26. …
Workers attempt to clean up 1,000 barrels oil spill in northern Oklahoma
A 3-mile stretch of the Nine Mile Creek near Kremlin in northern Oklahoma was contaminated when nearly 1,000 barrels of oil spilled from a drilling mud disposal site. The Oklahoma Corporation Commission indicated there is no timeline on how long it will take for the cleanup. Nemaha Environmental, based in the Garfield County town …
Conservative GOP House members delay gas-stove bills
Conservative Republicans in the House who didn’t like the debt deal Speaker Kevin McCarthy reached with the President exacted some revenge this week when they stalled on two bills aimed against the administration’s targeting of gas stoves. Two bills that were to be voted on Tuesday were stalled when 11 Republicans — most of whom are …
Gasoline prices steady for now in Oklahoma—but it could change come July
Gasoline prices are holding steady in Oklahoma while the experts are warning we can expect higher prices in the weeks to come because of the production cut decision by OPEC+ nations. The production cut by another million barrels of oil a day won’t take effect until July 1, so drivers might not see any …
Casey’s President and CEO gets another title in his leadership role
Casey’s General Stores, Inc., the firm headquartered in Ankeny, Iowa and with growing operations across Oklahoma, is under the direction of a new Chairman of the Board of Directors. The company announced the board unanimously elected Darren M. Rebelez, the firm’s President, CEO and current director to the additional role of Board Chair. He …
San Juan Basin gas operators see bright days ahead
Ever since some of the major energy companies, BP, ConocoPhillips, WPX and others bailed out of northwest New Mexico’s San Juan Basin, drilling for natural gas hasn’t been profitable. But the New Mexico Political Report indicated this week things have taken a road for the better, thanks to a recent uptick in natural gas …
GOP AGs challenge Biden administration’s trucking decision
Oklahoma Attorney General Gentner Drummond was one of 19 Republican state attorneys generals and truck driver groups that filed a legal challenge this week to the Biden administration’s approval of California’s clampdown on diesel and gasoline powered trucks. Drummond and the others, led by Iowa, filed a petition in the U.S. Court of Appeals …
Short energy stories
** Goldman Sachs Asset Management (GSAM) on Wednesday said it was liquidating the Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER). GER’s board of trustees, at GSAM’s recommendation, approved a plan of liquidation and dissolution for the fund. ** Climate activists interrupted an event with Sen. Joe Manchin (D-W.Va.) on Tuesday, shouting “dirty deal,” as …