ONE Gas, Inc. will release its fourth quarter and full year 2020 financial results after the market closes on Wednesday, Feb. 17, 2021. The ONE Gas executive management team will participate in a conference call the following day, Thursday, Feb. 18, 2021, at 11 a.m. Eastern Standard Time (10 a.m. Central Standard Time). …
Category: Oil & Gas
Valero to soon become largest renewable diesel producer in US
Give Valero two years and and it will be the largest renewable diesel fuel producer in the U.S. The company announced it partnered with Darling Ingredients to build a 470-million-gallon renewable diesel plant at Port Arthur, Texas, making it the second such facility for Valero. Reuters reported the $1.45 billion Diamond Green Diesel joint venture …
BlackRock’s big squeeze on oil and gas could hit some Oklahoma firms
As the world’s largest asset manager with $9 trillion in assets under management, BlackRock Inc. is putting more pressure on oil and gas companies over climate change. Two of them could be in Oklahoma. BlackRock’s CEO Larry Fink disclosed this past week how his firm will pressure companies to expand their efforts to lower …
Ovintiv files more reports on big oil producers in Oklahoma plays
Ovintiv Mid-Continent Inc. apparently had stockpiled its completed wells in Oklahoma as it filed a continuing list of big producers including two Garvin County wells from a single pad with production of more than 3,700 barrels of oil a day. The Denver, Colorado-based company also filed reports on two Canadian County wells on a …
Friday proved a down day for Oklahoma and other energy stocks
Operators and investors of Oklahoma energy stocks have to be wondering what the week will bring…more Biden moves against the industry? What can bring their stocks back into positive territory after Friday’s down day. Oil futures in the U.S. settled lower as well and reportedly because of concerns about energy demand. West Texas Intermediate crude …
SandRidge Mississippian Trust I to be dissolved by 3Q of 2021
The SandRidge Mississipian Trust I with assets in northern Oklahoma should be dissolved totally by the third quarter of this year according to an announcement made this week. The Trust owns royalty interests in oil and natural gas properties in the Mississippian formation in Alfalfa, Garfield, Grant and Woods counties in Oklahoma and is …
Phillips 66 cuts 4Q losses to $539 million
Phillips 66 reported a slight improvement in cutting losses as its fourth quarter losses totaled $539 million, down from the $799 million reported lost in the third quarter of 2020. The company said excluding special items of $32 million, it had an adjusted loss of $507 million. In the third quarter, its adjusted loss …
GOP Senators file bill to block Biden’s ban on new oil and gas drilling
Oklahoma U.S. Sens. James Lankford and Jim Inhofe were joined by several other members of the Senate in filing a bill to stop President Biden’s administration from block new oil and gas drilling and mining on federal lands and waters. They filed the Protecting our Wealth of Energy Resources or POWER Act of 2021. …
Despite Biden attacks, oil and gas industry saw rig counts grow in Oklahoma and the US
While President Biden was targeting the nation’s oil and gas industry through his growing executive orders, the industry saw an increase in rig counts, both in Oklahoma and the rest of the country. Baker Hughes Co. reported Oklahoma’s count increased by one to reach 18 in the past week. A year ago, the state …
Energy news in brief
** Michigan’s environmental agency said Friday it has approved construction of an underground tunnel to house a replacement for a controversial oil pipeline in a channel linking two of the Great Lakes. The decision, a victory for Enbridge Inc., comes as the Canadian company resists Democratic Gov. Gretchen Whitmer’s demand to shut down its 68-year-old line in the Straits …