** Big Oil begins reporting fourth-quarter results this week, and outlooks for the coming year should reflect the dissonance between Trump’s oil and gas-maximizing agenda and investor expectations. The industry has pushed in recent years to drive down costs and increase production by using more efficient technology rather than drilling many new wells. ** Workers …
January 2025 archive
Crude oil and OK energy stocks dropped on Monday over AI news
Not only did crude oil prices drop about 2% in Monday’s trading to reach a two-week low, but Oklahoma energy stocks suffered as well, some falling 7% and 8% in trading. What prompted the fall? News of growing interest over Chinese starup DeepSeek’s low-cost artificial intelligence model. It prompted concerns over energy demand …
Nearly $19 millon grant to expand carbon capture project in NE Oklahoma
A U.S. Energy Department grant of $18.7 million will help research into the nation’s largest direct air capture facility located in Oklahoma’s Osage County. Called CapturePoint, the firm will use the funding to carry out research into methods of storage of carbon underground without the extraction of fossil fuels. Capture Point is a …
Oklahoma regulators to meet Tuesday
Oklahoma’s Corporation Commissioners are scheduled to hold a regular meeting Tuesday. The agenda is as follows: Consideration of and possible vote(s) on proposed or potential orders in cases on the daily signing agenda docket. The Commission may discuss and consider alterations, revisions, or amendments to the proposed or potential orders. (Votes may be taken …
Burgum’s Interior Department pauses renewable energy projects on public lands
No new wind and solar projects on public lands and waters. It’s the effect of a quietly issued order Monday by the Trump administration’s Interior Department now under control of former North Dakota Gov. Doug Burgum. The order issued Monday blocks projects for renewable energy projects on federally-owned lands or offshore. The Hill reported …
FERC okays expansion of Williams’ Transco pipeline
Federal regulators reinstated a certificate and authorization for the expansion of Williams Cos.’ Transco pipeline and the timing could be beneficial to northeastern U.S. customers faced with frigid weather. The Tulsa-based company announced Monday it had received word from the Federal Energy Regulatory Commission that it had issued an Order on Remand Reinstating Certificate and …
AG takes on 16 more firms in 2021 winter storm market manipulation probe
Without fanfare that usually accompanies his legal filings, Oklahoma Attorney General Gentner Drummond has quietly filed a third lawsuit alleging market manipulation by natural gas providers during the 2021 winter storm Uri. During the first week of January, Drummond filed another lawsuit in Osage County District court naming 16 defendants. “These Defendants lured many …
Record 2024 shipments at Corpus Christi thanks to crude oil
Increased shipments of crude oil last year led to a record amount of products through the Port of Corpus Christi in Texas. A report showed the Port and its customers moved 206.5 million tons in 2024 which is a new high mark. Port customers also ended 2024 with record quarterly tonnage (54 million tons) …
Williams investors wonder if 4Q will be as strong as 3Q
After a third quarter where net income rose 8% compared to a year earlier, Williams Cos. prepares to release its fourth-quarter and full-year 2024 financial results. The release will be made after the market closes on Wednesday, Feb 12. A conference call featuring leaders of the Tulsa-based company will be held the following day, …
Mullin says ‘leadership has returned’ to D.C.
Oklahoma U.S. Sen. Markwayne Mullin can’t heap enough praise on President Donald Trump’s rollback of what he said were the “last four years of President Biden’s damaging actions” on the nation’s energy industry. In a note to constituents, the Republican senator took note of the President’s move made right after he was sworn into …