Only a few weeks ago, OK Energy Today reported how the December shutdown of the Suncor refinery in Colorado, the state’s only refinery, resulted in increased pump prices for drivers in the state. Now the U.S. Energy Information Administration reports the increase has been $1.39 a gallon since the day after Christmas 2022. The …
Category: Oil & Gas
Williams offers $1.5 billion in notes
Williams announced that it has priced a public offering of $750 million of its 5.400% Senior Notes due 2026 at a price of 99.907 percent of par and $750 million of its 5.650% Senior Notes due 2033 at a price of 99.891 percent of par. The expected settlement date for the offering is March …
Revenues soared for Holly Energy Partners in 4Q and full-year
Holly Energy Partners, L.P. , a Dallas-based company with a refinery in Tulsa and storage in Cushing, reported improved net income for the fourth quarter of 2022 of $68.5 million and 54 cents a basic and diluted limited partner unit. It also saw a gain of $53 million in its full-year revenues reaching $547.5 …
OKC based fertilizer and chemical firm records record earnings in fourth quarter
Not only did Oklahoma City’s LSB Industries see a big gain in its fourth quarter 2022 sales and earnings, but the firm did equally well in the full year finances as it made record earnings. “Our fourth quarter capped off the most profitable year in our company’s history,” stated Mark Behrman, LSB’s President and …
2022 was a record year for Ovintiv
A milestone year. A record year. It’s what leaders at Denver-based Ovintiv Inc. described the financial results for the fourth quarter 2022 and all of 2022. All of those STACK wells drilled in Kingfisher and Canadian Counties by Ovintiv in Oklahoma helped add to the success of the company. “2022 was a milestone year …
Quick reads of more energy stories
** The Department of Transportation Inspector General will investigate Transportation Secretary Pete Buttigieg’s use of government aircraft, a memo shows. DOT Principal Assistant Inspector General for Audits and Evaluations Charles Ward revealed the upcoming investigation in a memo to the assistant secretary for administration, reported Just the News. ** House Oversight Committee lawmakers launched an …
Interest rate hike worries affect crude oil and energy prices
While crude oil prices dropped 1% in Monday’s trading, largely because of growing worries about more interest rate hikes from the Federal Reserve, Oklahoma energy stocks split between losses and gains. If the Fed indeed raises interest rates again, it could slow economic growth and oil demand. West Texas Intermediate crude fell 64 cents …
Energy news group finds a “gotcha” in Biden drilling claim
A national oil and gas group reacts to a report that President Biden’s claim U.S. producers failed to use 9,000 drilling permits on federal lands, is false. The American Petroleum Institute issued a release about it on Monday: For nearly a year the administration has attempted to redirect scrutiny over its slow walking of …
Consumers group opposes PSO’s $2.5 billion renewable energy plan
When Oklahoma Corporation Commissioners meet Tuesday, they will deal with at least two subjects that could prompt some compelling comments and discussion. One involves the $2.47 billion renewable energy plan proposed by Public Service Company of Oklahoma in which it is asking Commission approval of its cost recovery plan. The project involves PSO’s acquisition …
Rep. Bice gets science and budget committee assignments
Oklahoma Congresswoman Stephanie Bice says she has been named to four House Committees in the start of the 118h Congress, including a committee with jurisdiction over the Army Corps of Engineers and the Department of Energy. Her Committee assignments include the House Committee on Appropriations, the House Committee on Science, Space and Technology chaired …