Valero’s announced it intends to idle or shut down its Benecia Refinery in California in a year. The company said its subsidiary, Valero Refining Company-California submitted notice to the California Energy Commission of its current intent to idle, restructure, or cease refining operations at Valero’s Benicia Refinery by the end of April 2026. One …
Category: Oil & Gas
Energy briefs
** Honda is reportedly preparing to significantly expand its US manufacturing footprint by up to 30% over the next two to three yearsin response to the Trump administration’s sweeping new tariffs on foreign imports. The Japanese automaker is considering shifting production of several key models from Mexico and Canada to the US. ** Dallas-based Vaquero Midstream, a natural …
US crude oil production went up 2% in 2024
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, April 2025 A new report shows just how much U.S. crude oil production rose in the past year and much of the credit goes to exploration in the Permian Basin. The U.S. Energy Information Administration stated in a newly-released report that U.S. crude oil production grew by 270,000 barrels per …
Montana ratepayers to feel the pain of higher bills
As Oklahomans wonder just how much their natural gas or electric bills will increase with the latest rate hike request made by utilities, other state residents are doing the same. In Montana, a settlement by Northwestern Energy could result in a more than 9% monthly increase in ratepayers bills or another $4.74 more a …
Oklahoma Senate Energy Committee to meet
A number of energy-related bills will be taken up Thursday during a meeting of the Oklahoma Senate Energy Committee. AGENDA: HB1220 By West (Kevin) et al of the House and Standridge of the Senate (Proposed Comm. Sub., req. #2027) Utilities; securitization revenue stream of certain obligations issued by the Development Finance Authority; legislative findings in regards …
OKC oil production company gets Supreme Court win
The Oklahoma Supreme Court has reversed a lower court’s decision in the case of Oklahoma City oil and gas producer Charter Oak Production and a saltwater spill from a leaking pipeline. The lower court had originally ruled against Charter Oak Production which had sought damages from JM Eagle, Inc. and Rainmaker Sales, Inc. who …
Oklahoma energy stocks finished Tuesday with mixed results
Oklahoma energy stocks finished Tuesday’s trading with mixed results while oil prices saw little change. Investors are still trying to figure what will happen to global oil demand amid the on-again, off-again tariffs by President Donald Trump. As for energy stocks in Oklahoma, some saw up to a 5% loss for the day while …
Can Williams Cos. beat its 4Q financial results?
After reporting a 2024 record year, Tulsa’s Williams Cos. plans to announce its first-quarter 2025 financial results after the close of markets on Monday, May 5. The company will hold a conference call on Tuesday, May 6 at 8:30 a.m. Central Time where executives will discuss the results. Williams is coming off record net …
Will chemical firm LSB Industries see stronger results in coming 1Q?
The first quarter results for Oklahoma City’s LSB Industries, Inc. will be made public after the close of the stock market on Tuesday, April 29. Investors no doubt are asking—will things improve? LSB finished Tuesday’s trading this week with a 13 cent or 2.42% fall to $5.24 per share. The company announced its management …
BLM nominee withdraws following report of her criticism of Trump
President Trump has been left with finding someone else to run the Bureau of Land Management after his pick, Kathleen Sgamma withdrew her name last week, apparently over her previous criticism of the President during the Jan. 6 attack on the capitol. The announcement came during what was supposed to be a Senate Energy …