** State and utility officials in Iowa and North Dakota tell customers to brace for soaring heating bills this winter due to global supply and demand issues. ** Exxon Mobil Corp said that a vote to remove the United Steelworkers union from representing locked-out workers at its Beaumont, Texas, refinery would go forward no matter the outcome of a contract …
Kansas Gas seeks $105 million penalties on natural gas providers
Kansas Gas Service, the subsidiary of ONE Gas based in Tulsa is attempting to reach a deal to recover $100 million from its large customers who didn’t provide enough natural gas during the historic February winter storm. The Kansas Reflector reported a settlement plan was filed last week with Kansas regulators by Kansas Gas …
Low-carbon hydrogen development pushed by Phillips 66
Phillips 66 announced this week it is partnering with Plug Power Inc. to develop low-carbon hydrogen businesses. The announcement followed Phillips 66’s declaration last month that it intended to cut greenhouse gas emissions. Click here for Reuters report.
Denver-based energy group files to go public
Denver’s Desert Peak Minerals Inc. is apparently going public. Back by three major private equity funds, the company filed paperwork to set up a public offering this year and be traded on the New York Stock Exchange. Desert Peak Minerals is a company that does not carry out oil and gas exploration. Instead it …
New Mexico in race to hire Environmental OSHA inspectors
New Mexico’s Environment Department is in a mad rush to hire 30 people as Occupational Safety and Health Program workers to make sure there are safe working conditions—“from your neighborhood dry cleaner to oil and gas facilities.” The State Agency launched a hiring effort this week to find motivated and qualified candidates “who want …
LSB Industries trading halted on New York Stock Exchange
The New York Stock Exchange on Tuesday halted trading of common stock of Oklahoma City-based LSB Industries, Inc. The Exchange explained the step was taken in order to address the stock price adjustment applied to LSB’s common stock as a result of the fact that the 49,066,005 shares of common stock issued to LSB Funding …
US crude prices inch closer to $81a barrel
Crude oil prices didn’t exactly jump in Tuesday’s trading but in the US, they held steady with a slight increase toward a possible $81 a barrel mark. West Texas Intermediate crude for November delivery managed a 12 cent increase to $80.64 a barrel. Global benchmark Brent crude oil for December delivery slipped 23 cents …
Earnings report date set by Williams Cos.
Williams plans to announce its third-quarter 2021 financial results after the market closes on Monday, Nov. 1, 2021. The company’s third-quarter 2021 earnings conference call and webcast with analysts and investors is scheduled for Tuesday, Nov. 2, 2021, at 8:30 a.m. Central Time. The company’s second quarter earnings released in August had results exceeding …
Oklahoma firm featured on TV’s Manufacturing Marvels
A chemical manufacturing firm in Moore will be featured this week in a broadcast of Manufacturing Marvels on the Fox Business Network. Ultimate Chemicals Inc., an integrated manufacturer and supplier of chemicals will be part of the TV program at approximately 8:30 to 8:44 p.m. Central Standard Time on Thursday, October 14. Ultimate Chemicals …
Filing shows $800,000 salary for Chesapeake’s new leader
After naming Domenic J. Dell’Osso, Jr. as the company’s new President and Chief Executive officer this week, Chesapeake Energy also made a filing with the SEC revealing his salary. Dell’Osso, according to the filing with the Securities Exchange Commission will draw a salary of $800,000 annually. He will also be eligible to receive an annual …
