Category: Oil & Gas

Record earnings reported by Williams Cos.

  Increased income for the quarter and all of 2022 was reported this week by Williams Cos. Adjusted net income was $2.228 billion or $1.82 per diluted share, an increase of 34% compared to 2021 announced the Tulsa company. Adjusted EBITDA was $6.418 billion, a gain of $783 million or 14% over the previous year. …

Continue reading »

Whew! Oklahoma motorists got a gasoline price break

    Rising gasoline prices took a break in the past week in Oklahoma and were flat, going up only one cent to a new average of $3.08 per gallon according to AAA. Nationally, prices were unchanged with an average of $3.41 per gallon and only two cents more than a month ago. Oklahoma’s average …

Continue reading »

Potential of dangerous train derailments exists daily in Oklahoma

  While the Norfolk Southern train derailment in Palestine, Ohio not only erupted into a massive and dangerous fire and chemical leak, it resulted in a political fireball too. Residents of towns and cities with rail tracks passing through are wondering….can it happen here? Consider the tankers that travel through Oklahoma on a daily basis …

Continue reading »

News briefs

** Sen. Shelley Moore Capito of West Virginia, who represents a state with vast rural expanses and critical infrastructure needs, told The Hill that Transportation Secretary Pete Buttigieg’s “philosophical push for everything to be climate and politically correct” is at the center of issues that Republican lawmakers have raised. ** The American Clean Power Association contends …

Continue reading »

Regulator calls for evaluator to be used in utility fuel cost cases

  Oklahoma Corporation Commissioner Bob Anthony says it’s time the agency use a third-party evaluator to study the growing fuel costs of Oklahoma Natural Gas and other utilities seeking approval of increased charges to consumers. In a filing last week in the case of ONG’s Prudence Hearing on fuel adjustment costs, Anthony took note that …

Continue reading »

Attorney pleads guilty in scheme against Continental Resources

  Attorney Blaine Dyer, alleged to be the man behind a land-grab scheme against Oklahoma City’s Continental Resources awaits sentencing in U.S. District Court after pleading guilty to commit wire fraud. The Oklahoman reported Dyer could be sentenced up to five years in prison along with a fine of up to $250,000. Click here for …

Continue reading »

Study says two of New Mexico’s national parks are endangered by oil and gas drilling

A study by the group, Coalition to Protect America’s National Park, is out with a report claiming that oil and gas drilling is endangering two of New Mexico’s national parks. The group says continued fossil fuel extraction from the Permian Basin is putting the Carlsbad Caverns National Park and the Chaco Culture National Historical Park …

Continue reading »

New gas well in southeast Oklahoma for Calyx Energy III

    Tulsa-based Calyx Energy III LLC continued with its success of natural gas wells in southeastern Oklahoma. It filed a completion report this week on a Pittsburg County gas well that produced 11,628 Mcf of natural gas. The Albatross 2-3-27wh, completed in November 2022, is located at 3 7N 13E, a site north of McAlester …

Continue reading »

OK energy stocks took a hit on Friday as crude oil dropped

  Not only did crude oil prices fall on Friday, so did most Oklahoma energy stocks as investors showed signs of increased concern the Federal Reserve will get more aggressive with interest rate hikes. West Texas Intermediate crude finished down 2.74% on a decline of $2.15 a barrel to close at $76.34 on the New …

Continue reading »

Rig counts—up in Oklahoma and down nationwide

  Oklahoma’s rig count grew by one in the past week to reach a total of 64 rigs breaking the horizon in search of oil and gas. Baker Hughes Co. reported on Friday the national rig count fell by one to 760. The decline included a loss of 2 oil rigs, leaving 607 across the …

Continue reading »