ONE Gas, Inc. reported its first quarter 2023 net income totaled $102.6 million or $1.84 per diluted share. It was an increase over the first quarter 2022 net income of $98.9 million or $1.83 per share. ONE Gas reported operating income of $149.2 million in the first quarter 2023, compared with $140.8 million in …
Category: Oil & Gas
Environmental cases listed in New Mexico’s Enforcement Watch
The New Mexico Environment Department announces its inaugural monthly Enforcement Watch. The Enforcement Watch website is a listing of all active and resolved enforcement cases. Active cases involve an alleged violation of a regulation, rule, permit, license, etc. Resolved cases are those that were adjudicated in court of law or administratively resolved. The Enforcement Watch …
Quick energy reads
** The Supreme Court on Monday agreed to hear a case that could roll back the Chevron doctrine, which gave more power to federal agencies. Their ruling could have major implications for environmental regulations going forward. ** On Wednesday the Senate Environment and Public Works Committee will hold a hearing on permitting reform. ** On Thursday Interior Secretary Deb Haaland is expected …
Sen. Manchin files energy permitting bill
West Virginia U.S. Sen. Joe Manchin took yet another step in his widening distance from the Biden administration, but introducing a bill to speed permitting of fossil fuel and renewable energy projects. The Democrat filed the Building American Energy Security Act which creates a two-year limit on environmental reviews of major federal energy projects. …
Enverus shows a slide in national oil and gas rig activity
The most recent Enverus rig count echoed a Baker Hughes Co. report showing a decline in rig activity in Oklahoma and across the nation. The U.S. rig count had its high point at 812 during the week ended April 26, falling by three rigs from the previous week’s peak, according to Enverus Foundations data. …
Crude oil prices and OK energy stocks suffered in Monday’s trading
A dollar-a-barrel decline in crude oil prices Monday also took Oklahoma energy stocks down for the ride as some local stocks fell 5% and 6%. Crude oil’s drop came after news of weak economic data from China along with still lingering concerns of another U.S. interest rate hike. West Texas Intermediate crude dropped $1.12 …
Australian company launches brine to lithium project in California
Oklahoma City’s Galvanic Energy isn’t the only firm in the U.S. with plans to extract lithium from brine wells and manufacture the critical mineral needed for production of batteries for millions of electric vehicles. An Australian-based company, Controlled Thermal Resources, is exploring the same kind of project but in California, not southern Arkansas …
Another hazardous chemical leak reported at Colorado’s Suncor refinery
For the second time in the past month, the Suncor refinery in Commerce City, Colorado admitted there was a release of elevated levels of sulfur dioxide and hydrogen sulfide into the adjacent neighborhood. It occurred Friday night and state health officials put out a warning over the weekend there emissions might exceed permitted levels …
Senators vote against Biden EPA plan to drive up cost of heavy-duty trucks
Oklahoma U.S. Sen. James Lankford explained his recent vote in favor of Oklahoma heavy truck operators and businesses by voting to stop an EPA emissions rule regarding nitrogen oxide emissions from medium and heavy-duty commercial motor vehicles. “The price of everything is up because of the Biden policies and the dramatic overspending of our …
What to expect of SandRidge Energy this year
A new annual report to security holders of SandRidge Energy shows how far the Oklahoma City energy company has fallen over the course of its 17 year history. While SandRidge at one time had contractual obligations to drill more than 480 wells a year, now the firm is lucky to drill a handful of …
