Tulsa’s Williams Cos. CEO Alan Armstrong talked this week about the “very large lawsuit” the company brought against Energy Transfer in a fight over pipeline crossings in a Louisiana project. Armstrong, in an interview with Argus, explained how the suit was necessary because of a legal spat between the companies delayed construction of …
Category: Oil & Gas
ONEOK finishes new fractionator to replace one lost in Medford 2022 explosion
ONEOK, Inc. announced the completion of MB-6, a 125,000-barrel per day (bpd) natural gas liquids (NGL) fractionator in Mont Belvieu, Texas, and the full looping of the West Texas NGL Pipeline system….projects designed to replace a fractionator lost in a 2022 explosion and fire in northern Oklahoma. The completion of MB-6 increases …
Senate leader makes appointments including energy-related committee chairs
Oklahoma Senate Pro Tem-Elect Lonnie Paxton, R-Tuttle, announced the appointments of chairs and vice chairs of Senate committees for the upcoming Legislative Session including those committee dealing with Oklahoma’s energy industry. “We have put together a strong group of Senators who will collectively help move our state forward,” Pro Tem-Elect Paxton said. “Each individual …
Crude oil takes a 2% drop a day after a 2% gain
A bigger than expected slip in U.S. crude oil stockpiles offered some support to prices Wednesday but they still fell nearly 2% because investors remain anxious to learn whether OPEC+ will continue with production cuts. The drop came one day after Brent made its biggest gain in two weeks, rising by 2.5% reported Reuters. Oklahoma …
Crude oil stocks dropped in past week across the U.S.
The nation’s total of crude oil stocks took a plunge of 5 million barrels in the most reporting period, according to the U.S. Energy Information Administration. The EIA showed the nation’s amount of crude oil from from 428.4 million barrels the week of Nov. 22 to 423.4 million barrels in the most recent …
Corporation Commissioner still objects to “one-page” audit of $1.4 billion in ONG Winter Storm bonds
Oklahoma Corporation Commissioner Bob Anthony is taking issue again for the corporation commission’s one-page so-called “audit” of ONG’s $1.4 billion of 2021 Winter Storm bonds. In a release and filing this week, the Commissioner, whose term will end in mid-January 2025, noted that on the Tuesday before Thanksgiving, OCC’s chair Kim David, sent …
Oklahoma firms didn’t make Newsweek’s Most Reliable Companies list
Newsweek is out with its America’s Most Reliable Companies 2025 rankings and sorry, but no Oklahoma companies made the list of 300. Arkansas-based J.B. Hunt Transport Services Inc. , one of the largest supply chain solutions providers in North America, ws ranked 190 on the list recognizing the company’s integrity, commitment to service …
Gas utility customers nationwide aren’t happy with service
A new survey shows gas utility customers aren’t happy with the service they’re getting, not just in Oklahoma but across the U.S. The J.D. Power 2024 Gas Utility Residential customer Satisfaction Study showed the customer satisfaction with billing and payment and customer care “significantly” dropped in the past year. Gas customers in Oklahoma who …
Coterra Energy announces pricing of $1.5 billion of senior unsecured notes
Coterra Energy Inc., an energy firm with oil and gas exploration in the Anadarko Basin, the Permian Basin and Marcellus Shale, announced this week the pricing of a $1.5 billion in senior unsecured notes. The breakdown of the total includes $750 million of senior unsecured notes due 2035 with an interest rate of …
Energy briefs
** Meta said on Tuesday it is seeking proposals from nuclear power developers to help meet its artificial intelligence and environment goals, becoming the latest big tech company to take interest in atomic power amid an expected boom in electricity demand. ** Donald Trump said Monday (Dec 2) he is opposed to Nippon Steel’s planned $15 …