Energy news in brief

** President Biden and first lady Jill Biden will travel to Houston on Friday. White House spokesperson Jen Psaki said during a press briefing Tuesday that Biden will meet with local leaders to discuss the storm and relief efforts. ** Harris County officials in Texas are looking into leaving Texas’ power grid after ice storms knocked …

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ONE Gas sets new 4Q earnings report date

    After the winter storm last week forced a delay of ONE Gas Inc.’s release of its earnings report, the company rescheduled the release for Thursday, February 25. The release of the fourth quarter and full-year 2020 financial results will be after the close of markets. A conference call will be held Friday, February …

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Winter storm mess prompts 5 ERCOT board members to resign

  The winter storm that turned into a debacle in Texas resulted in yet another cold-weather related event this week—the resignation of five members of the board that controls the Electric Reliability Council of Texas. All five live out of state but apparently quit after coming under fire for ERCOT’s failure in the historic cold …

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Gov. Stitt asks for more federal winter storm help

  Oklahoma Gov. Kevin Stitt made another request to the White House this week, asking for still more help to recover from the historic winter storm. He wants the President to expand his federal disaster declaration issued last week reported the McCarville Report. Click here for the McCarville Report story.  

Boeing airliner tests underway in western Oklahoma

  Boeing has started test flights of its new Boeing 777-9 jetliner and the tests are being carried out at the Clinton-Sherman Airport near Burns Flat in western Oklahoma. The jetliner is Boeing’s newest commercial wide-body jet and the Oklahoman reported it is the longest aircraft of its kind in the world. Click here for …

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“Bullish” on natural gas—Williams CEO

  The leaders of Tulsa-based Williams say their company is stronger than ever and the potential is as well for the future of natural gas. Here’s why. Demand for natural gas continues to mount and the Oklahoma company is expanding its 30,000 miles of pipelines across the U.S. Click here for more from Natural Gas …

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$75 oil by summer?

  More than a few eyebrows were probably raised this week by a forecast by Goldman Sachs that the oil and gas industry will see $75 oil by summer. Barron’s reported that the forecast was for Brent crude to hit the high level in the third quarter because of increasing demand and a slow rebound …

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Rail tanker fire still burning in Texas

    A massive rail tanker fire could burn for a few more days after an 18-wheel truck hit a train carrying chemicals and fuels in Cameron, Texas. The accident happened Tuesday morning in the town of 5,400 located about 70 miles northeast of Austin. No one was hurt. Here is an update from NBC …

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They warned Biden it would happen—now it has

  Oil and gas industry supporters said it would happen—cancel the Keystone XL pipeline and it will lead to increased use of rail and truck transports to move Canadian oil into the U.S. President Biden’s decision to kill the pipeline has indeed led to an increased and renewed interest in shipping Canadian oil-sands crude by …

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Crude oil maintains $62 level

Crude oil prices increased for a second consecutive day in Tuesday’s trading pushing closer to the $62 level in the U.S. West Texas Intermediate crude for April delivery went up 18 cents to $61.67 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude oil for April delivery increased 13 cents …

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