The annual meeting of stockholders of Williams is set for April 25 and will again be “completely virtual” according to the company’s announcement. It will begin at 2 p.m. Central Daylight Time. Williams said because the meeting is once again completely virtual, it will allow more stockholders to participate. The record date is the …
Category: Oil & Gas
Utilities defend their high costs in Colorado
Colorado legislators exploring the high cost of utilities were told this week colder winters are to blame in part for inflated utility bills, not higher base rates and fees charged to customers. The defense of profits and rates for electricity and gas came from representatives of Excel Energy and Black Hills who appeared before …
Oil production is on the rebound in North Dakota
North Dakota’s oil and gas industry, the third largest in the nation, rebounded in January from the severe cold weather of December that shut down oil and gas production. The state reported this week that production grew by 11% over the dismal December and no doubt thanks to the efforts of Oklahoma energy firms …
More energy reads
** A newly found memo shows the Biden administration was really attempting to ban gas cooking stoves in homes, even though the White House denied it. The memo from Biden Consumer Product Safety Commissioner Richard Trumka Jr. proves it. The memo, which the Biden admin tried to keep top secret, concludes: “There is sufficient information …
SandRidge Energy reports more financial growth
SandRidge Energy reported continued growth in net income since the impact of the COVID-19 pandemic in the U.S., stating it had generated $242.2 million in net income for 2022 which translated to $6.59 per basic share. While SandRidge drilled less than 10 wells in the past year, it returned more than 100 …
Whenever Ovintiv drills in Kingfisher County—it scores big
Credit Ovintiv USA Inc. with another big STACK play score—3 wells on a single pad with combined production of more than 5,500 barrels of oil a day. Five-thousand and 14 barrels a day to be exact. The Kingfisher county wells were completed in October of last year and Ovintiv just filed completion reports this …
Crude fell to lowest prices in a year while OK energy stocks were battered
Not only did crude oil prices take a $5 a barrel plunge in Wednesday’s trading, but Oklahoma energy stocks suffered too, with some falling 8, 9 and 10% value for the day. Crude prices fell to their lowest level in ore than a year all because of the unease that swelled over Credit Suisse …
Crude oil in storage at Cushing declined in past week
While the government reported U.S. crude oil exports set a record of 3.6 million barrels a day in 2022, the amount of crude oil stored at the Cushing Hub in northern Oklahoma dropped in the past week. Cushing experienced a nearly 2% decline as the amount of crude in storage was 37.9 million barrels …
Gas station association leader supports legislation to fix “broken EV charging marketplace”
The head of the state gas association says a bill proposed in the Oklahoma legislature should be passed to ensure utilities don’t pass EV charger costs along to customers. Writing in The Oklahoman this week, Candace McGinnis, executive director of the Oklahoma Petroleum Marketers & Convenience Store Association said the legislation by Sen. Chuck …
Nebraska landfill receives contaminated soil from Keystone Pipeline spill
Thousands of tons of contaminated soil from the Keystone Pipeline spill in northern Kansas are headed to a landfill in Nebraska. Waste Management will handle the transfer of 48,000 tons of soil to the Pheasant Point Landfill in Bennington, a city just north of Omaha and just 149 miles from where thousands of barrels …