Nearly two months after Chesapeake Energy Corporation announced the $700 million sale of its remaining Eagle Ford assets, the Oklahoma City oil and gas firm plans to release third quarter financial results at the end of the month. The company will make known the results after the market close on Tuesday, October 31, 2023. …
October 2023 archive
Update on Oklahoma economy from State Treasurer
Oklahoma Treasurer Todd Russ released the September Economic Report this week, a repeat of information released earlier in the month. Gross Receipts to the state Treasury for the past 12 months outpaced the prior year’s 12 months in September. While the downward trend from the March record annual high of $17.64 billion continues, the …
BlackRock wants SEC to tone down emissions disclosure rules
The head of BlackRock Inc., one of several firms blacklisted by Oklahoma over the firm’s discrimination against oil and gas, is reported to be urging the chairman of the SEC to “tone down” the pending emissions disclosure rules. Fox News Business says CEO Larry Fink made the suggestion to SEC Chairman Gary Gensler as the …
Increased natural gas production expected this year in US
A new estimate from the U.S. Energy Information Administration predicts the nation will see a 5% growth in marketed natural gas production this year. The 5% gain totals 5 billion cubic feet a day. The EIA further predicted there will be 2% growth in natural gas production in 2024 and most will come from …
Arkansas AG orders Chinese company to divest state farmland
While some members of Oklahoma’s congressional delegation are outspoken against ownership of American land by the Chinese government, the Attorney General in Arkansas has taken it a step further. AG Tim Griffin has ordered a company owned by the Chinese government to divest nearly 160 acres of land near Jonesboro in the northeast part …
Frack mining permit denied in Missouri
A Missouri court has ruled against a company seeking a permit to mine silica sand to be used in fracking. The ruling from the Missouri Court of Appeals at St. Louis supported a decision by the Missouri Mining Commission to revoke a permit by Nexgen Silica, which wants to mine sand on 249 acres …
Headlines
** A coalition of stakeholders led by Cape May County, New Jersey, filed a federal lawsuit against the Biden administration Tuesday, challenging the development of a massive offshore wind farm along the county’s coastline. ** A Government Accountability Office (GAO) report Tuesday called for improved Army Corps of Engineers remediation in areas contaminated by radioactive waste. ** …
Williams Cos. to be part of two national hydrogen hub projects
Oklahoma wasn’t left entirely out of the Biden administration’s recent decision of choosing seven regional hydrogen hubs for $7 billion in government funding. Williams Cos. in Tulsa will be a part of two of the hubs, one in the Pacific Northwest and the other in Appalachia. Both were chosen to begin award negotiations with …
New Mexico’s governor mandates EVs for state agencies
New Mexico Gov. Michelle Lujan Grisham, a Democrat, issued an executive order this week mandating that every state agency switch to an entirely electric vehicle fleet by 2035. In announcing the order, Lujan Grisham explained her government would also pursue a plan to bolster electric vehicle credits to increase affordability. The order, though, includes …
Crude prices make slight gain as war intensifies in Israel
As the crisis in Israel and Gaza escalated Tuesday with the reported bombing of a Palestinian hospital and deaths of hundreds, crude oil markets edged higher. Oklahoma energy stocks recorded strong gains for the day. West Texas Intermediate crude was unchanged at $86.66 a barrel in trading on the New York Mercantile Exchange. Global benchmark …