Oklahoma Treasurer Todd Russ notified 13 financial institutions they are no longer eligible for state contracts as a result of Oklahoma’s new anti-ESG policy law. The law went into effect Nov. 1 of 2022 and since then, the Treasurer’s office was compiling a list of financial institutions that discriminated against oil and gas companies in …
May 4, 2023 archive
Higher earnings for Williams Cos. in 1Q
Williams recorded higher earnings in the first quarter of the year with a 37% increase over a year ago in adjusted net income as it reached $684 million or 56 cents a diluted share. The Tulsa-based company reported net income of $926 million or 76 cents a diluted share—a 144% gain over the first …
Broadband group reaches milestone in Oklahoma
High-speed internet access is expanding in rural Oklahoma. The Cooperative Broadband Coalition, or CBC, celebrated a major milestone on Monday: 100,000 Oklahomans who previously did not have access now had access to high-speed. CBC Chairman Hunter Robinson said this is an amazing accomplishment and will improve the quality of life in rural Oklahoma. Click …
Cushing oil hub sees slight gain in stored crude oil
The Cushing hub in northern Oklahoma saw a slight increase in the amount of crude oil in storage in the past week as it reached a total of 33.6 million barrels. The total compared to the 33.1 million barrels reported as of April 21 of this year according to the U.S. Energy Information Administration …
Congressman targets Biden administration’s latest trucking rule
Oklahoma Congressman Josh Brecheen is targeting the Biden administration over new rules requiring big trucks to have speed limiting devices. The U.S. Representative introduced the Deregulating Restrictions on Interstate Vehicles and Eighteen-Wheelers (DRIVE) Act, which would prohibit the Federal Motor Carrier Safety Administration (FMCSA) from implementing any rule or regulation requiring vehicles over 26,000 …
Market volatility might result in Chesapeake Energy delay in more new wells
Leadership at Chesapeake Energy hinted strongly this week it might hold off on bringing more wells online if low natural gas prices continue to be a challenge. Executives informed those on a conference call that they anticipate still more volatility in the natural gas markets. Chesapeake said it had opted to conduct some maintenance …
Quick reads of other energy stories
** Firms that haul freight across the San Diego-Tijuana border say they are not prepared for California’s plan to phase out diesel trucks because Mexico lacks zero-emission vehicles and charging infrastructure. ** Under pressure from environmentalists, New York lawmakers on Tuesday made their state the first in the nation to ban the use of natural gas …
Ten long-delayed LNG export terminals could lose approvals under new policy
A new policy by the Biden administration’s Energy Department will reportedly put 10 long-delayed U.S LNG export terminal projects at risk. The Energy Department recently announced it would crack down on requests by companies to push back start dates for liquefied natural gas export terminals. As a result, four of the projects in Texas, …
US Senate votes to override Biden’s lifting of tariffs on Chinese made solar panels
Oklahoma U.S. Sens. James Lankford and Markwayne Mullin were among those Wednesday in the Senate who helped pass a measure to override President Biden’s move last year to allow Chinese solar panel manufacturers to avoid tariffs for 24 months. The vote was 56-41 and included some Democrats who voted in favor of the resolution …
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