Category: Oil & Gas

Oklahoma regulators to meet Tuesday

  Oklahoma’s Corporation Commissioners are scheduled to hold a regular meeting Tuesday. The agenda is as follows: Consideration of and possible vote(s) on proposed or potential orders in cases on the daily signing agenda docket. The Commission may discuss and consider alterations, revisions, or amendments to the proposed or potential orders. (Votes may be taken …

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FERC okays expansion of Williams’ Transco pipeline

  Federal regulators reinstated a certificate and authorization for the expansion of Williams Cos.’ Transco pipeline and the timing could be beneficial to northeastern U.S. customers faced with frigid weather. The Tulsa-based company announced Monday it had received word from the Federal Energy Regulatory Commission that it had issued an Order on Remand Reinstating Certificate and …

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AG takes on 16 more firms in 2021 winter storm market manipulation probe

  Without fanfare that usually accompanies his legal filings, Oklahoma Attorney General Gentner Drummond has quietly filed a third lawsuit alleging market manipulation by natural gas providers during the 2021 winter storm Uri. During the first week of January, Drummond filed another lawsuit in Osage County District court naming 16 defendants. “These Defendants lured many …

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Record 2024 shipments at Corpus Christi thanks to crude oil

  Increased shipments of crude oil last year led to a record amount of products through the Port of Corpus Christi in Texas. A report showed the Port and its customers moved 206.5 million tons in 2024 which is a new high mark. Port customers also ended 2024 with record quarterly tonnage (54 million tons) …

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Williams investors wonder if 4Q will be as strong as 3Q

  After a third quarter where net income rose 8% compared to a year earlier, Williams Cos. prepares to release its fourth-quarter and full-year 2024 financial results. The release will be made after the market closes on Wednesday, Feb 12. A conference call featuring leaders of the Tulsa-based company will be held the following day, …

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Mullin says ‘leadership has returned’ to D.C.

  Oklahoma U.S. Sen. Markwayne Mullin can’t heap enough praise on President Donald Trump’s rollback of what he said were the “last four years of President Biden’s damaging actions” on the nation’s energy industry. In a note to constituents, the Republican senator took note of the President’s move made right after he was sworn into …

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Energy briefs

** The oil industry says Trump’s executive orders lifting drilling restrictions in parts of Alaska are unlikely to spur new oil and gas development because companies are focused on more accessible areas. ** U.S. tech giants criticized Trump’s withdrawal from the Paris Agreement eight years ago, but have remained silent this time around. ** In an announcement that thrilled …

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Crude oil gained pennies after Trump’s call for OPEC to drop prices

  When President Trump repeated his call on Friday for OPEC to lower crude oil prices, the market responded with a very slight increase. He made the call in order to hurt oil-rich Russia and bring an end to its war in Ukraine. For week, oil prices finished down and ended four straight weeks of …

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Oil and gas rig activity increases in Oklahoma

  As Oklahoma saw a gain in the number of oil and gas rigs throughout the state, the nation’s rig count declined in the past week, according to the Baker Hughes rig report released Friday Baker Hughes said Oklahoma’s count increased by one to a total of 44 active rigs, two more than one year …

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New solar plants expected to support most U.S. electric generation growth

  While there appears to be growing opposition to solar farms in Oklahoma, a new government forecast says the nation will likely seen strong growth of the solar projects in the next two years. In a nutshell, it believes there will be strong solar growth, accelerated coal retirements, and a decline in the use of …

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