Tulsa’s ONE Gas, Inc. plans to release its fourth quarter and full year 2020 financial results on Feb. 17. The company said the results will be released after the closing of market on that Wednesday. A conference call will be held by the company’s executive management team the next day, Thursday Feb. …
OK Congresswoman joined in GOP effort to condemn Biden’s anti-oil and gas moves
Oklahoma Congresswoman Stephanie Bice was among Republicans in Congress who gathered Tuesday in Houston to criticize President Biden for his actions against the oil and gas industry. The Freshman U.S. Representative said his policies were “decimating” the industry. She spoke during a news conference at the Port of Houston where House Minority Leader Kevin …
Energy news in brief
** The U.S. has gone to court in an attempt to seize 2 million barrels of oil that it claims came from Iran. The Department of Justice filed a case in a U.S. district court, seeking to seize the cargo on the Greek-owned Achilleas tanker, according to a statement on Tuesday. ** U.S. President Joe Biden’s administration has …
Oklahoma cited for lack of EV promotional efforts
The state of Oklahoma was considered a “laggard” in a first of its kind report on the efforts of states to develop the growth of electric vehicles. Oklahoma was one of 21 states that were unranked in the report released by the American Council for an Energy-Efficient Economy. The analysis ranked California number one …
Congressman calls it ‘Biden’s Assault on American Energy’
Saying no president should have the authority to do what Biden did last week to the Keystone XL pipeline, Oklahoma Congressman Markwayne Mullin says it’s why he introduced a bill to prevent such actions in the future. He called the President’s cancellation of the line “Biden’s Assault on American Energy” and wrote about it …
Long shot effort filed by Republicans to bring back Keystone XL line
It’s considered a long shot but Republicans in the U.S. House and the Senate have introduced legislation to resurrect the Keystone XL pipeline after it was cancelled by President Biden in one of his first of dozens of executive orders. The bills by Montana Sen. Steve Daines and North Dakota Rep Kelly Armstrong would …
New study shows New Mexico’s state government faces massive loss over Biden drilling ban
In light of President Biden’s executive order banning new oil and gas drilling on federal lands, a new analysis of New Mexico’s revenue and spending showed that 18% of the state spending last year came from oil and gas production on federal land. It pointed out how the State’s economy and government budget could …
Chesapeake’s bankruptcy exit leads to layoff of more than 200 workers
As Chesapeake Energy announced a $1 billion note offering this week in preparation for its exit from Chapter 11 bankruptcy, the Oklahoma City company confirmed the layoffs of more than 200 employees. CEO Doug Lawler notified company workers in an email that the restructuring process that came about from its Chapter 11 bankruptcy filed …
Tumbleweed Midstream inks 10-year helium contract
Northern Colorado-based Tumbleweed Midstream, LLC announced it reached a new 10-year helium sales agreement with a global tier one helium supplier. Tumbleweed, headquartered in Cheyenne Wells said the new contract will deliver a top-rated customer for the company’s Ladder Creek plant’s helium production capacity. It will also provide the customer a steady supply of …
Nine Energy to release 4Q report in March
Houston’s Nine Energy Service, Inc. plans to release its fourth quarter earnings report on Monday, March 8. During the 9 a.m. Central Time conference call, management will discuss the financial and operating results for the quarter and for the full year ended Dec. 31, 2020. The company reported a net loss of $18.5 million …
