Author's posts
The Battle of the Bonds heats up at Oklahoma Corporation Commission
Oklahoma Corporation Commissioner Bob Anthony has come out swinging against the Commission’s Administration Director who ordered staff last week to no longer perform any work related to the controversial Winter Securitization bond cases. In an opinion filed this week, Commissioner Anthony, a strong critic of the bonds used by OGE, ONG, PSO and CenterPoint Energy, …
Sen. Lankford—Oklahoma’s energy is more than just energy
Oklahoma U.S. Sen. James Lankford says he is among those who knows the value of crude oil and what it means to the nation. In a Friday “Lankford Letter,” he mentioned his recent visit to an Oklahoma refinery. “When I visited the HF Sinclair Refinery in Tulsa a few days ago, I was …
Exxon and Chevron report huge earnings in 3rd quarter
Two of the nation’s largest oil and gas companies, Exxon Mobil Corporation and Chevron Corporation announced Friday their earnings were into the billions of dollars in the third quarter—nearly $20 billion for Exxon and more than $11 billion for Chevron Exxon’s $19.7 billion in earnings translated into $4.68 a share while Chevron investors earned …
Dividend increase reported at Alliance Resource Partners in Tulsa
Alliance Resource Partners, L.P. announced that the Board of Directors of ARLP’s general partner approved an increased cash distribution to its unitholders for the quarter ended September 30, 2022. Unitholders in the Tulsa-based company, considered one of the largest coal mining operators in the eastern part of the U.S., will receive a cash distribution …
Manufacturing activity dips in Oklahoma and other states reports Federal Reserve Bank
The White House might be celebrating the 2.6% growth in the economy from July through September, but a new Kansas City Federal Reserve Bank report shows a decline in manufacturing activity in the Tenth District that includes Oklahoma. The October Manufacturing Survey released by Chad Wilkerson, vice president and economist at the Bank said …
Third quarter gain reported by Mammoth Energy Services
Mammoth Energy Services recorded an increase in its third quarter earnings as the firm had $107.2 million in total revenue compared to $57.5 million from a year ago. It was also a gain over the $89.7 million reported in the second quarter of 2022. Net income for the third quarter of 2022 …
Oklahoma rig count increased while national numbers fell reports Baker Hughes
While Oklahoma’s rig count grew to 66 in the past week, the national numbers dropped by three to 768 according to the Baker Hughes Rig Count released on Friday. Oklahoma saw a gain of one to reach 66 compared to only 43 reported a year earlier. The nationwide numbers saw a decline of two …
Headlines of other energy stories
** One of the Alamo City’s more influential business leaders and philanthropists, Bill Greehey, is stepping down as chairman of San Antonio-based NuStar Energy Inc., effective immediately. Brad Barron will succeed Greehey, who has been named chairman emeritus of the San Antonio-based company. ** A new report by the environmental nonprofit Greenpeace released on Monday finds that the vast majority …
Oil leases near Chaco in New Mexico lead to lawsuit
Environmental groups have gone to court to block the Biden administration after it approved oil leases in northwest New Mexico, a site of historic Native American sites. The lawsuit was filed against the Bureau of Land Management and U.S. Interior Secretary Deb Haaland. It contends the federal government is reneging its promise after approval …
NASA discovers massive methane plume over Permian Basin
Using its satellite capability, NASA says it has located at least 50 so-called “ methane super-emitters” worldwide, including a two-mile long plume associated with Permian Basin oil and gas infrastructure. The plume in the Permian was discovered through the NASA mission called EMIT or Earth Surface Mineral Dust Source Investigation reported the Jet Propulsion Laboratory. The …