July 2025 archive

Sustainability report released by Ascent Resources

    Oklahoma City’s Ascent Resources, LLC, one of the largest private producers of natural gas in the United States, has  released its 2024 Sustainability Report chronicling the company’s  environmental, health and safety; social; and governance efforts and accomplishments in 2024. Jeff Fisher, Ascent’s Chairman and Chief Executive Officer, commented “On behalf of everyone at …

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Has natural gas demand boosted earnings for Gulfport Energy?

    Gulfport Energy Corporation, the Oklahoma City-based firm with activing drilling in the Utica and Marcellus natural gas plays, plans a release of its second quarter earnings report. The financial and operating results will be released after the market closes on Tuesday, August 5. Company leaders will hold a conference call the next morning …

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Energy Department cancels $5 billion loan guarantee for Grain Belt Express Line

    “This is a HUGE win for Missouri landowners and taxpayers who should not have to fund these green energy scams.” The X posting of Missouri Attorney General Andrew Bailey after the Energy Department on Wednesday ended the conditional $4.9 billion loan guarantee for the Grain Belt Express power line that runs from southwest …

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Federal Reserve Bank reports “moderate” decline in region’s oil and gas activity

Second quarter energy survey results showed that  Federal Reserve Bank’sTenth District energy activity fell moderately, with no changes expected in the next six months. Oklahoma is one of the states in the Kansas City Federal Reserve Bank’s Tenth District. Firms reported that oil prices needed to be on average $64 per barrel for drilling to …

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What’s this? California working to save Valero refinery?

    How’s this for a shift in a state’s anti-oil and gas policies and views? California is stepping in to find a buyer for Valero Energy’s Benicia refinery near San Francisco. It’s trying to save the refinery in a move reflective of its concerns over protecting gasoline supplies. After alll, California has some of …

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Energy briefs

** Former ComEd CEO Anne Pramaggiore is sentenced to two years in prison for her role in a bribery scheme that involved giving jobs to associates of Illinois’ former House Speaker in exchange for favorable legislation.  ** The U.S. Commerce Department’s Inspector General launches an investigation into whether the Trump administration’s staffing cuts at the …

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Crude oil prices remained steady Wednesday amidst more tariff talks

    Tariff moves by the White House left crude oil prices steady on Wednesday. Investors weren’t sure how to react to the President’s new tariff deal with Japan and continuing tariff talks with European Union leaders. Global benchmark Brent crude finished down 8 cents or 0.12% at $68.51 a barrel. US standard, West Texas …

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Latest ONG rate hike formally approved by Oklahoma regulators

    Oklahoma Corporation Commissioners gave approval Wednesday to a slight increase in rates for customers of Oklahoma Natural Gas company. The rate hike, totaling $41,078,183 will have an impact of $1.69 more a month on residential customers while low income customers will see a 57 cent increase per month. The commission vote was 3-0. …

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While Cushing Hub added crude stocks, the nation’s total fell in the past week

    The nation’s crude oil supplies fell by more than 3 million barrels in the past week, according to the U.S. Energy Information Administration. At the same time, the Cushing Hub saw a gain in crude oil stocks. The U.S. stocks declined 3.2 million barrels, falling from 422.2 million barrels the week of July …

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Meta inks deal to get power from Enbridge solar farm in Texas

    Reuters reported this week Meta Platforms signed a long-term contract to buy 100% of the power from a new Enbridge solar project in Texas. Enbridge is constructing a $900 million 600 megawatt solar farm near San Antonio, calling it the Clear Fork Project. The Canadian-based firm said it was moving ahead with the …

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