Crude oil prices made a more than 1% gain on Thursday while drillers in the Gulf of Mexico braced for the impact of Hurricane Rafael. Traders also consider how the energy policies of President-elect Donald Trump might affect oil supplies. The day’s increase in prices was the opposite of what happened Wednesday when the …
November 7, 2024 archive
Extended PFAS testing around Air Force Base in Clovis, New Mexico
The PFAS concern is so great in New Mexico that the state is offering the testing of more residents around Clovis, home to Cannon AFB where the chemical was used in firefighting. PFAS from firefighting foams were primarily discharged into the soil at firefighting training areas around Cannon AFB. These chemicals migrated into local groundwater …
Williams records big gains in 3Q but lags behind for the year
Williams Cos. made financial gains in the third quarter including an 8% increase from a year ago in net income which totaled $705 million and 58 cents a share, although its year-to-date earnings are down from a year ago. Adjusted net income was $528 million and 43 cents while the third quarter adjusted EBITDA …
OGE encourages customers to check eligibility for Residential Energy Efficiency program
As temperatures begin to cool, Oklahoma Gas & Electric Company (OG&E) is encouraging customers to see if they qualify for the Residential Energy Efficiency program, which provides upgrades and enhancements that make homes more comfortable during extreme temperatures and helps customers save on their electric bills. The program comes at no additional cost …
Weakened 3Q reported by Halliburton
Halliburton experienced a drop in its total net income in the third quarter compared to the second quarter of the year and leaders blamed in part the impact of the hurricanes in the Gulf of Mexico. Third quarter net income, according to Halliburton’s release, was $571 million or 65 cents a share, down from …
Supreme Court says Oklahoma regulators were wrong about winter storm and franchise fees
Oklahoma regulators just suffered a setback at the hands of the State Supreme Court in a fight with Oklahoma City over the suspended collection of franchise fees as part of the 2021 Winter Storm fees. And now it raises major questions about the collection of those fees which were part of the winter storm …
Mammoth Energy’s CEO Arty Straehla to retire
Oklahoma City’s Mammoth Energy Services is about to come under new leadership. CEO Arty Straehla notified the company board of directors he intends to retire effective as of Dec. 31, 2024. He will remain the CEO of the Company until Phil Lancaster, who currently serves as the Company’s Vice President of Corporate Development, transitions …
Anschutz acquires more holdings in Wyoming’s Powder River Basin
Some of the Oklahoma energy companies carrying out exploration in eastern Wyoming’s Powder River Basin just got some stiffer competition. Denver-based Anschutz Exploration Corp., yes, the company owned by Phillip Anschutz who once briefly owned The Daily Oklahoman in Oklahoma City, just aquired a big part of the interests owned by the Oxy/Anadarko …
Energy briefs
** Stellantis plans to cut a shift at its Toledo Assembly Complex in Ohio, meaning indefinite layoffs of about 1,100 union-represented workers. The automaker, which owns the Jeep, Ram, Chrysler, Dodge and Fiat brands, announced the job cuts Wednesday, which will be effective Jan. 5. ** Georgia-based Freyr Battery will pay $340 million for a Wilmer, Texas …
Harold Hamm supported carbon capture pipeline hit with another roadblock
(Makenzie Huber/South Dakota Searchlight) A nearly $9 billion carbon-capture pipeline backed by Oklahoma billionaire oilman Harold Hamm was hit with another major roadblock this week in South Dakota when voters agreed to repeal a law to ease approval of the controversial pipeline. Hamm was one of the supporters of the $8.9 billion Summit Carbon …
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