Category: Oil & Gas

Williams executives to be part of CERAWeek

  Leading executives at Williams Cos. plan to be a part of the upconing 43rd annual CERAWeek presented by S&P Global. President and Chief Executive Officer Alan Armstrong and members of the company’s leadership team will join the world’s energy industry leaders, experts, government officials and policymakers for the Houston, Texas event, March 10-14. Armstrong …

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ONE Gas reports improved earnings in 4Q and 2024

    Improved quarterly and year-end revenues for ONE Gas,Inc. resulted in larger per share earnings for investors, thanks in part, to higher prices paid by ratepayers. The Tulsa-based company, the parent of subsidiaries Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service, reported this week it had $77 million in fourth quarter 2024 …

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Vital Energy reports losses and 2025 outlook calls for lower capital investments

  Vital Energy in Tulsa reported this week it had record oil production in the fourth quarter but also revealed a net loss of more than $359 million. It also recorded a full-year loss of more than $173 million. Vital indicated its plans for 2025 included lower capital investment levels and slightly lower oil production. …

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Energy briefs

** General Motors CFO Paul Jacobson said on Wednesday at a Barclays conference that if U.S. tariffs became permanent, the company would have to consider moving plants, but also said it had not made those decisions yet. GM and other automakers are closely monitoring how tariffs on vehicles and parts from Canada, Mexico and elsewhere will impact …

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Crude oil and OK energy stocks made gains on Wednesday

  Modest gains in crude oil prices were recorded Wednesday as prices for Brent and WTI remained near a one-week high. Oklahoma energy stocks also made a strong showing. Investors and traders remained worried about oil supply disruptions in Russia and the U.S. The market is still nervous about the outcome of peace talks to …

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Increased earnings for OGE Energy Corp.

  Increased utility bills in the past year helped OGE Energy Corp., the parent company of Oklahoma Gas and Electric Company to obtain earnings of $2.19 per diluted share in 2024, compared to $2.07 per diluted share in 2023. OG&E, a regulated electric company, contributed earnings of $2.33 per diluted share in 2024, compared to earnings …

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Colorado oil and gas company can’t escape $2 million in fines

  No only “no” but “hell no.” It wasn’t what a Colorado judge recently said in a ruling against a Denver-based oil and gas company facing nearly $2 million in fines over operations of its 1,200 wells, but the effect strongly suggested it. Denver District Court Judge Andrew Luxen not only rejected K.P. Kauffman’s efforts …

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Treasurer’s report shows increased tax revenue from oil and gas

  Oklahoma’s gross production tax revenue from oil and gas operations made a more than 6% gain in January from December 2024. The Oklahoma Treasurer’s office released the latest tax revenue figures showing the state had a $4.8 million or 6.1% increase from the last month of 2024 to the first month of 2025. The …

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Big earnings and record oil production for Devon Energy

  “Exceptionally strong results,” is how Devon Energy’s President and CEO, Rick Muncrief, described the fourth quarter financial earnings for the Oklahoma City-based oil and gas company. Strong indeed. Net earnings for the quarter totaled $639 million or 98 cents a share while for all of 2024, Devon Energy’s net earnings were $2.9 billion or $4.56 …

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Legislator faces opposition in anti-green energy and “humanure” bills

The efforts of one Oklahoma legislator to ban the use of Humanure as fertilizer in the state are being blocked in a House Committee. “I received word yesterday that my bill calling for a ban on the application of Humanure as fertilizer in the state of Oklahoma, HB 1726, will not be heard in committee. …

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