August 7, 2022 archive

Cushing stocks to grow?

  A report indicated that rising storage levels at the Cushing hub in Oklahoma is putting pressure on futures prices which could help ease U.S. inflation. Reuters reported the shrinking discount of U.S. crude to Brent and rising Canadian oil imports will send more barrels to Cushing.   Click here for Reuters

TransAlta Posts 2Q 2022 Financial Results and Oklahoma Wind Project Updates

Calgary-based TransAlta Corporation reported revenue for the three and six months ended June 30, 2022 increased by $47 million and $64 million respectively compared to the same periods in 2021. The increase in revenues was due to higher wind resources in Canada, incremental production from a Canadian wind facility and higher environmental credit sales partially offset by the extended site outage at …

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Ascent Resources Finalizes Utica Acreage Purchase From XTO Energy

Oklahoma City-based Ascent Resources, LLC announced Friday that it has closed on the previously announced bolt-on acquisition with XTO Energy, a subsidiary of ExxonMobil Corporation, in the Utica Shale in Ohio for a total purchase price of $270 million, subject to customary closing purchase price adjustments. Ascent financed the transaction with a combination of cash on hand and …

Continue reading » Launched for Communities Facing Extreme Heat

As Americans deal with record-breaking temperatures and extreme heat this summer, the Biden Administration recently launched, a national integrated heat health information system with tools for communities facing extreme heat. will provide a one-stop hub on heat and health for the nation. It’s a priority of President Biden’s National Climate Task Force and its Interagency Working …

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Oklahoma Energy Index Shows Strength Despite Concern Over Possible Recession

The latest monthly release of the Oklahoma Energy Index (OEI) reflects optimism in Oklahoma’s economy and the state’s oil and gas industry. Petroleum Alliance of Oklahoma President Brook A. Simmons points to geopolitical events and drilling activity as two positive factors. Public officials are compelled to recalibrate the role that stable, affordable energy supplies play …

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