An Oklahoma County District Court judge on Tuesday issued a temporary injunction against State Treasurer Todd Russ and his enforcement of a state boycott of financial firms because of their discrimination against the oil and gas industry. District Judge Sheila Stinson granted the injunction in the lawsuit filed last November by state retiree Don …
May 7, 2024 archive
Crude oil prices slipped in Tuesday’s trading
Crude oil stocks declined slightly in Tuesday’s trading after the U.S. Energy Information Administration raised its forecasts for world oil and liquid fuels output for the year and at the same time lowered its demand expectations. We’ll know more on Wednesday when U.S. crude stocks are released by the EIA. West Texas Intermediate crude finished …
State Space Board to meet
The Oklahoma Space Industry Development Authority meets Wednesday in Oklahoma City. The following is the agenda for the 1:30 p.m. meeting. AGENDA ITEMS TO BE PRESENTED BY OSIDA CHAIR – BRENDA ROLLS 1. CALL TO ORDER A D ANNOUNCEMENT OF COMPLIANCE WITH THE OPEN MEETING ACT, filing of meeting notice with the Secretary …
Kansas regulators to consider $93 million rate hike request by Kansas Gas Service
As ONE Gas indicated this week, its affiliate Kansas Gas Service wants the approval of regulators in Kansas for a $93.1 million rate hike. If approved, the firm’s 650,000 customers would pay an average of nearly $10 more a month, at least for residential bills. Hearings by the Kansas Corporation Commission will be …
ONE Gas held its own in 1Q earnings
ONE Gas Inc. announced first quarter earnings this week showing its net income totaled only a few million less than one year earlier. The report was released while ONE Gas and its affiliates await action on rate hike requests in Oklahoma, Kansas and Texas. The company reported $99.3 million or $1.75 per diluted …
Mach Natural Resources to release 1Q financial results in the coming week
Mach Natural Resources plans to release its first quarter 2024 financial results next week. The results will be made known on Monday, May 13 after the close of markets. Leaders will hold a conference call the next day beginninat 8 a.m. central time to discuss the results. Mach Natural Resources LP is an independent …
Williams reports big growth in natural gas revenue
Williams Cos. had such a strong first quarter 2024, that it saw an 8% growth compared to the first quarter of 2023. The Tulsa-based company had adjusted EBITDA of $1.934 billion over the $1.795 billion recorded in the first quarter of last year. Earnings per share grew 5% from 56 cents last year to …
Allete sold in $6.2 billion deal to Canadian pension board
Two major wind farms in Oklahoma will be under new ownership under a multi-billion dollar deal announced this week. Allete Inc., based in Minnesota was just bought in a $6.2 billion deal by a Canadian pension board and an investment fund. Under the acquisition by Canada’s pension board and the large investment fund, Duluth-based Allete …
AG Drummond warns Congress EPA is going too far with a chemical list plan
Oklahoma Attorney General Gentner Drummond told a House Committee on Tuesday he has no intention of backing off the lawsuits he has filed against the Environmental Protection Agency. His pledge came as he testified before the House Committee on Energy and Commerce as it explored the EPA’s new rule on Risk Management Programs. “Unfortunately, …
EPA rolls out methane emissions rules against oil and gas industry
Even as a House Committee held a hearing this week into the EPA’s latest rule regarding chemical firms, the giant agency spread its influence with updated methane emissions reporting requirements for oil and gas operations. In Monday’s announcement, the agency asserted the final revisions will ensure grater transparency and accountability for methane pollution from …
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