Will 2Q earnings beat 1Q report for Williams?

  After increased earnings and production in the first quarter of the year, Williams Cos. will release details in a few weeks how operations fared in the second quarter. The Tulsa-based company plans to release its second-quarter 2024 financial results after the market closes on Monday, August 5. A day later, executives will lead a …

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Chesapeake’s 2Q earnings report to be released July 29

  At the end of the month, investors in Oklahoma City’s Chesapeake Energy Corporation will learn just how well the energy firm performed in the second quarter of the year…this while the company waits on federal approval of its merger with Southwestern Energy. Chesapeake plans a release of the operational and financial results after the …

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Will Vital Energy continue with record oil production in the 2Q?

Second quarter earnings will be released by Tulsa-based Vital Energy, Inc. in early August and investors are no doubt anxious to see if the firm continued with its record oil production in the Permian Basin. The independent energy company plans to issue the second-quarter financial and operating results after the market closes on Wednesday, August …

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Permian Basin adds billions of dollars to the economy

  All of the exploration and production by such Oklahoma energy companies such as Devon Energy and Vital Energy in the Permian Basin added to turning the giant shale play into an economic powerhouse for Texas and New Mexico. The Odessa American reported an Economic Report from the  Permian Strategic Partnership (PSP) highlighted the region’s …

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Journalists call for government intervention to stop Permian Basin pollution

  While a new economic report shows how the oil and gas production in the Permian Basin is adding billions of dollars to the ecocnomy in Texas, New Mexico and the US, two journalists want a massive cut in energy production—-all in the name of reducing methane gas emissions. They also say the government should …

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Energy briefs

** The U.S. Environmental Protection Agency announced a settlement with Hi-Noon Petroleum Inc. resolving alleged Clean Water Act violations involving a gasoline discharge into Grayling Creek in Yellowstone National Park, Wyoming.  The company will pay $20,000 and finish a $45,000 supplemental environmental project after the August 2022 incident. ** Offshore wind developers have sent teams to …

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Musk wipes his hands of California—moving SpaceX to Texas

  Another loss for California Gov. Gavin Newsome is another gain for Texas. Billionaire Elon Musk, the man who moved his Tesla manufacturing plant to Austin, announced he is moving his SpaceX headquarters and his social media company X to Texas. SpaceX was headquartered in Hawthorne, California and is being oved to its rocket launch …

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Threats from angry residents are made to power crews in Houston—not so for OGE workers

  Houston’s prolonged power outages following Hurricane Beryl resulted in power crews being threatened, pelted with rocks and had guns pulled on them. Police escorts are necessary for some crews, but such is not the case for the 105 Oklahoma Gas and Electric workers helping CenterPoint Energy with power restoration. The Associated Press reported the …

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Oklahoma energy stocks made gains while crude prices fell Tuesday

  Crude oil prices dropped in Tuesday’s trading while Oklahoma energy stocks recorded more gains than losses. West Texas Intermediate, considered the US standard, dropped $1.15 and closed at $80.76 a barrel on the New York Mercantile Exchange. The global benchmark, Brent crude, dropped $1.12 and finished at $83.73 a barrel on ICE Futures Europe. …

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Alliance Resource Partners to release 2Q earnings report before end of the month

  Alliance Resource Partners, L.P., the Tulsa-based company with major coal mining operations in the eastern part of the U.S. as well as oil and gas investments elsewhere, plans a release of second quarter earnings report in a few weeks. The company announced the release will be before the maraket opens on Monday, July 29. …

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