** Alaska officials urge a court to dismiss youth advocates’ lawsuit alleging a state-sponsored proposed liquefied natural gas pipeline and export terminal would exacerbate climate change. ** Amazon.com Inc. and billionaire financier Ken Griffin are among the backers anchoring a $500 million investment in small nuclear reactors, a burgeoning technology heralded as the next era for …
Category: Oil & Gas
Judge hears motion to dismiss “price fixing” winter storm lawsuit
The Osage County District Judge assigned the “price fixing” lawsuit filed by Attorney General Gentner Drummond against a natural gas provider over historic high prices during the 2021 Winter Storm Uri heard arguments this week to dismiss the case. Judge Stuart Tate heard oral arguments Tuesday and took the matter under advisement. His …
Crude oil experienced slight drop in prices on Wednesday
Slight drops in crude oil prices were recorded Wednesday, leaving crude at nearly a two-week low following about a 7% drop in this week’s trading. The slide followed forecasts for small oil demand growth and speculation whether Israel will or will not attack Iran’s oil and gas industry. West Texas Intermediate crude tumbled 19 …
Could one Oklahoma energy firm be interested in Exxon’s sale of Bakken assets?
Whether it caused excitement at Oklahoma City’s Continental Resources we’re not sure, but an announcement by ExxonMobil Corp. to sell some of its Bakken assets certainly made the headlines. Continental Resources is one of the major producers in North Dakota and what Exxon had to reveal must have raised eyebrows in the boardrooms …
Nabors drilling just grew with acquisition of Parker Wellbore in exchange of shares
Nabors Industries Ltd., with a field office in Oklahoma City, just expanded its global drilling operations with the acquisition of Parker Wellbore. Nabors made the deal by acquiring all of Parker’s issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar. The transaction …
Another win for Williams Cos. in legal spats with Energy Transfer
Another legal win for Williams Companies in its legal fight with Energy Transfer. The Federal Energy Regulatory Commission decided this week against Energy Transfer’s request to review Williams Companies’ Louisiana Energy Gateway pipeline. “We deny Energy Transfer’s petition for the Commission’s issuance of an order to Williams to show cause,” stated FERC in the recent …
ONE Gas increases borrowing ability with banks
ONE Gas, Inc. indicated in a filing this week it just increased its borrowing ability from $1.275 billion to $1.350 billion with Bank of America and other banks. The Oklahoma firm explained it entered into a lender joinder and commitment increase agreement related to its restated revolving credit agreement dated March 16, 2021. Bank …
What’s happened to support for the much-heralded Hydrogen Hubs?
Remember more than a year ago how excited Oklahoma was as it attempted to partner with Arkansas and Louisiana in the proposed creation of a hydrogen hub project. The three states had hoped to earn part of the $7 billion in federal grants to build regional hydrogen hubs. What’s happened since? Possibly, waning support for …
NGL to release quarterly earnings statement in November
November 12 is the date set by NGL Energy Partners LP of Tulsa for the release of its second quarter financial earnings statement. The company announced it will make the release after the close of markets on that Tuesday. NGL’s management team will hold an earnings call later in the day at …
Energy efficient states—Oklahoma isn’t one of them according to survey
When it comes to being energy efficient, Oklahoma ranks in the bottom half of the states, according to the personal-finance website WalletHub. The site released its report on 2024’s Most & Least Energy-Efficient States to see which states save people the most money while also saving the environment. The report came as October is National …