Another drop in crude stocks across the U.S. including the Cushing Hub in northern Oklahoma was reported this week. The U.S. Energy Information Administration recorded the U.S. total of crude oil fell 6.9 million barrels. The U.S. crude oil supply totaled 425.2 million barrels as of August 23 but fell to 418.3 million barrels …
Casey’s General Stores, the fast-growing convenience store firm that has become a strong competitor of Love’s stores in Oklahoma and surrounding states reported first quarter earnings showing contined big growth. The Iowa-based chain reported a 6% gain in net income which totaled $180 million and EBITDA of $346 which was up 9% from …
Williams Cos. isn’t slowing down on its construction projects to meet the demand of natural gas. Speaking this week at the Barclays CEO Energy-Power Conference, CEO Alan Armstrong said his Tulsa-based company is on track to add 12 projects representing nearly 4.2 billion cubic feet a day of capacity over the next three years. …
** A company that pledged to remove used wind turbine blades from a vacant Minnesota property to have them recycled in Ohio abruptly went out of business, leaving state regulators to decide whether to intervene. ** A North Dakota labor union accuses a wind energy developer of hiring out-of-state workers to build a project after promising to use …
Oklahoma State Treasurer Todd Russ reported Oklahoma’s total tax revenue grew nearly 2% in August compared to August of 2023. Gross production taxes on oil and gas also grew more than 2%. In an update of gross receipts to the Treasury, he said total August revenue increased over last year by $24.2 million or …
As crude oil futures fell by more than $1 a barrel on Wednesday’s trading, Oklahoma energy stocks fared no better, recording losses for a second consecutive day. Crude fell even as negotiators attempted to bring an end to the stoppage of crude oil shipments out of Libya. The day brought news that OPEC+ was …
Phillips 66 decided to unload 550 miles of natural gas pipelines in east Texas and Louisiana, selling the asset to Voyager Midstream Holdings, a portfolio company of Pearl Energy Investments. The acquisition includes natual gas gathering and processing assets in Panola, Rusk and Harrison counties in Texas and the Caddo parish in Louisiana. Voyager …
What did Kamala Harris say about fracking and banning it—and when did she say it? It’s an issue in the presidential campaign as critics of the Vice President contend she has stated and declared in the past she would ban fracking, if she were elected to the White House. In her first TV …
Mineral rights owners in southwestern Colorado have lost again in court in their fight against paying $500,000 in taxes on a natural gas pipeline operated by Kinder Morgan. The owners, who formed a group called CO2 Committee, Inc., challenged increased taxes and lost their original lawsuit before the Colorado Supreme Court. The increase in …
North America’s liquefied natural gas (LNG) export capacity is on track to more than double between 2024 and 2028, from 11.4 billion cubic feet per day (Bcf/d) in 2023 to 24.4 Bcf/d in 2028, if projects currently under construction begin operations as planned reported the U.S. Energy Information Administration. “During this time, we expect …
