Williams announced that its President and Chief Executive Officer Alan Armstrong will host a virtual Q&A session for shareholders on Thursday, May 11, 2023. Williams will partner with Say Technologies to offer a platform to receive and answer questions from verified shareholders ahead of the webcast. Armstrong plans to address a selection of …
Category: Oil & Gas
EIA reports mild winter reduced withdrawals from natural gas storage in the U.S. South Central
Data source: U.S. Energy Information Administration, Weekly Natural Gas Storage Report During this past winter heating season (Nov 1–Mar 31), the amount of natural gas withdrawn from underground storage in the U.S. South Central storage region was among the least on record, at 239 billion cubic feet (Bcf), according to the U.S. Energy Information Administration’s Weekly Natural Gas …
Osage Nation fights BIA over mineral rules
The leaders of the Osage Nation in northeast Oklahoma have made it clear why they remain opposed to new proposed Bureau of Indian Affairs rules to government the nation’s oil and gas production. Osage Chief Geoffrey Standing Bear argues the BIA should strengthen the tribal mineral councils control over the mineral estate rather than …
Energy briefs
** A new technical paper from the Society of Automotive Engineers (SAE) co-authored by Car and Driver asserts that “most BEVs tested to date fall short of both their electric consumption and range label values.” ** The Biden administration could delay deciding whether to give electric vehicle (EV) manufacturers tradable credits for using electricity generated from renewable fuels, potentially …
Devon awards funding to nonprofits
As part of its commitment to supporting diverse communities, Devon Energy awarded a total of $10,000 in Inclusion and Equity Grants to four local nonprofits. This is the first year of the grant program in western Oklahoma. “Devon wants to make a real difference in people’s lives, and these new Inclusion and Equity Grants …
Lankford and Mullin defend oil rights of Osage reservation
Senator James Lankford is challenging the Biden Administration’s proposed rule which could destroy oil and gas production on the Osage Mineral Estate and negatively impact headright owners who depend on mineral production for their livelihoods. The proposed rule is entitled “Leasing of Osage Reservation Lands for Oil and Gas Mining.” Lankford was joined in sending the letter …
Former Williams chairman and CEO Joe Williams dead at 89
Williams is remembering and honoring former chairman and CEO Joseph H. “Joe” Williams, who died April 27, 2023, at age 89 in South Carolina. Williams spent 35 years at Williams, the last 15 as chairman and chief executive officer. The son of David Williams, one of the original co-founders of Williams, he followed …
Oklahoma’s oil patch numbers fell over the past week
Oklahoma’s activity in the oil patch continues to slide downward even as the nation’s rig count grows, according to the latest figures released by Baker Hughes Co. Oklahoma’s rig county fell by 3 in the past week, reaching a total of 53. The most recent count is only slightly more than a year ago …
Emergency EPA ruling allows E15 sales during summer driving
Drivers in Oklahoma and other states will be allowed this summer to buy gasoline with 15% ethanol as a result of an emergency move made Friday by the Biden administration. It means the lower-cost fuel will be available for the summer driving season as the EPA said the emergency waiver allows summer sales of …
Crude made 2% gain on Friday while OK energy stocks rebounded 5% and 6%
Crude oil prices managed a 2% gain on Friday and Oklahoma energy stocks saw 5% and 6% increases for the day after most energy firms posted positive earnings and crude output in the U.S. was declining while fuel demand grew. West Texas Intermediate crude went up $2.02 a barrel or 2.7% to finish at …