ONE Gas, Inc. executives say they will participate in the Sidoti Spring Small Cap Conference, which will be held virtually on Wednesday, March 23, 2022. Robert S. McAnnally, president and chief executive officer, Caron Lawhorn, senior vice president and chief financial officer, and Curtis Dinan, senior vice president and chief operating officer, will …
Biden’s social cost of carbon plan revived by Appeals Court
A federal judge’s injunction against the Biden administration’s social cost of carbon was stayed this week by the 5th Circuit Court of Appeals in New Orleans. The decision allows the government to reinstate its metric used to measure the climate impacts of rulemakings and projects reported POLITICO. The original ruling came in a lawsuit …
Texas fires warning to firms over anti-oil and gas investments
Texas leaders are standing up to financial firms that have either divested from oil and gas companies or are urging others to do the same. The Texas Tribune reported that State Comptroller Glenn Hegar notified 19 firms this week they could be violating a new Texas law prohibiting companies from “boycotting” fossil fuel companies. …
Arkansas strips investments out of BlackRock over energy stance
In disagreement over the environmental politics of BlackRock, one of the world’s largest asset managers, the state of Arkansas removed $125 million out of money market accounts managed by the New York City-based firm. The Arkansas Democrat-Gazette reported the action was taken by Arkansas State Treasurer Dennis Milligan who disagreed with BlackRock’s new climate-friendly …
Other headlines
** A near record number of liquefied natural gas (LNG) tankers on Wednesday continued to jam the U.S. Gulf of Mexico while loading or waiting to load, according to data from Refinitiv Eikon. About 27 ships were on the way or near LNG terminals along the U.S. Gulf Coast on Wednesday, according to the data. ** Senate Majority …
Western Oklahoma officials indicted in embezzlement scheme of Power District
Multi-County grand jury indictments have been returned against four people, including two county commissioners on charges of embezzling $2 million from the Circuit Engineering District 7 in western Oklahoma. Non-Doc reported the indictments are against Kiowa County Commissioner Tim Binghorn who is president of the district, Tilliman County Commissioner Joe John Dickey who is …
US crude dropped to $95
For a fifth time in the past week, crude oil prices fell in Wednesday’s trading after U.S. inventories increased and peace talks in Russia and Ukraine offered little hope. West Texas Intermediate crude for April delivery dropped $1.40 before settling at $95.04 a barrel on the New York Mercantile Exchange. Global benchmark Brent crude …
Poor short-signed energy decisions were made worse by war
Higher gas prices aren’t just the result of Putin’s invasion of Ukraine but also because of canceled pipeline projects and delayed permit approvals declared the president of the Texas Oil & Gas Association. Speaking at a meeting of the East Texas Gas Producers Association in Carthage, Todd Staples said the conflict painfully demonstrates …
Oil prices still expected to remain high in US
While crude oil prices dropped below $100 a barrel in this week’s trading, a federal government forecast says we can expect to see a high average hold this month. That’s the prediction of the U.S. Energy Information Administration which came out Wednesday with a prediction that West Texas Intermediate crude in March will total …
Cushing records slight increase in crude storage
New crude oil storage figures from the government show an increase in the past week in the amount of crude in storage at the Cushing hub in northern Oklahoma. The U.S. Energy Information Administration report released Wednesday showed the amount of oil in storage at Cushing rose from 22.2 million barrels as of …
