Williams in Tulsa is about to come under the leadership of a new president and CEO as longtime leader Alan Armstrong is moving up as executive chairman of the company’s Board of Directors. Taking his place as president is Chad Zamarin, currently executive vice president of Corporate Strategic Development. He will succeed him as president …
Category: Oil & Gas
Oil prices down—Brent crude close to falling less than $60
Not only did crude oil prices fall more than $1 a barrel on Monday, but Oklahoma energy stocks suffered as well with at least two firms recording more than 9% losses in the value of their stocks. The decision by OPEC+ to speed its output increases raised concerns about the global supply and …
Treasurer says Senator’s op-ed piece was “misleading” about energy discrimination Act
Oklahoma Treasurer Todd Russ is swinging back at a Tulsa State Senator who endorsed a legislative bill to remove enforcement of an anti-energy discrimination law and put it in the hands of the Attorney General. Sen. Dave Rader issued an op-ed piece last week supporting SB714 which arose from the ongoing dispute between …
NGL Energy Partners LP announces recent asset sales and other cash proceeds totaling approximately $270 million
NGL Energy Partners LP announces the closing of multiple asset sales, including the previously announced sale of 17 of its natural gas liquids terminals and the Green Bay terminal. The total amounted to nearly $270 million. In addition, NGL closed on the sale of its Rack Marketing refined products business, its Limestone Ranch ownership, …
Lithium refinery operator reaches power agreement with OGE
Developers of a proposed lithium refinery in Oklahoma took another major step toward construction of the project launched earlier in 2025. Stardust Power Inc., the Connecticut based company, announced the execution of a key service agreement with Oklahoma Gas and Electric Company to develop an electric substation on Stardust Power’s site marking a significant …
Oklahoma joins lawsuit challenging Vermont climate law
Oklahoma Attorney General Gentner Drummond is among 24 attorneys general representing states that joined a lawsuit challenging Vermont’s climate Superfund law. Their lawsuit filed late Thursday of last week challenges the Vermont law enacted last year imposing fines on fossil fuel producers for the greenhouse gas emissions caused over a 30-year period. The states, along …
Energy briefs
** Sunoco and Canada-based Parkland Corp. announced an agreement May 5 in which Sunoco will acquire all outstanding shares of Parkland for about US$9.1 billion (CA$12.56). The deal, which includes assumed debt, positions Sunoco for expanded operations across a larger service area. ** Seventy-two of Indiana’s 92 counties have a moratorium or ban on utility-scale renewable energy …
Oklahoma gasoline prices still among some of the lowest in the U.S.
Oklahoma’s gasoline prices aren’t the lowest in the U.S. but according to the U.S. Energy Information Administration, they’re in the top three states for lowest in the U.S. The average price of $2.76 per gallon is also more than $2 less a gallon compared to drivers in California where the average is $4.85 per …
Rig counts remain steady in Oklahoma’s oil and gas plays
Oklahoma’s oil and gas plays managed to hold their own over the past week in terms of the number of active oil and gas rigs. Baker Hughes reported no losses of rigs in the state and it included the Cana Woodford which remained at 18 for its count. It is Oklahoma’s most active play …
Nine Energy warned by New York Stock Exchange
The financial challenges of Houston’s Nine Energy Service, Inc. have resulted in the firm being warned of noncompliance with the New York Stock Exchange. The company announced it was informed April 30 of the noncompliance of the NYSE rules because its average closing prices of common stock had fallen below $1 a share …