The headline declares “Goodbye coal.” It’s in the latest Williams Cos. newsletter and it’s about how natural gas is powering America and reducing emissions. Williams calls it “quite the American success story,” how replacing coal-fired power generation with natural gas has lowered emissions and reduced energy costs. Here’s the story from the Willilams newsletter: …
Category: Oil & Gas
Judge says Missouri’s anti-ESG laws are a First Amendment violation
A federal judge says Missouri’s rules aimed at limiting the impact of environmental, social and governance (ESG) policies are a violation of the first amendment. U.S. District Judge Stephen Bough recently struck down the rules and in doing so, also agreed with the Securities Industry and Financial Markets Association in an order on …
North Dakota oil production dropped in June—Continental Resources still active
As the nation’s third highest oil producing state, North Dakota reported this past week a drop in both oil and natural gas production from May to June. The production numbers for June are the most current and were released by the North Dakota State Industrial Commission. The report showed production came from 19,094 wells …
Federal officials begin decommissioning of old gas pipeline in New Mexico
A natural gas pipeline built in the 1940s across northern New Mexico is being decommissioned by federal officials. Some of the final restoration work is underway. The Valles Caldera National Preserve is where the retired natural gas pipeline exists and work is undereway on the third and final phase of decommissioning the line. …
Nation’s oil and gas rig count falls while Oklahoma sees a gain
The latest Baker Hughes Co. rig count showed a gain of two rigs in Oklahoma while the nation’s count fell by two to 586 rigs. Oklahoma gained two rigs for a total of 37, according to the Baker Hughes rig count released on Friday. It compared to 38 rigs reported one year earlier. The …
Geothermal heating for new Texas school
Two years after a University of Oklahoma geothermal project designed to provide heat for schools in Tuttle, a similar project is providing heat for a new multi-million dollar school near Fort Worth, Texas. The $271 million Eagle Mount High School built in Tarrant County is run on geothermal energy. It involves more than 4,000 …
Dividend declared by Halliburton
Halliburton Company announced that its board of directors has declared a 2024 third quarter dividend of seventeen cents ($0.17) a share on the Company’s common stock payable on September 25, 2024, to shareholders of record at the close of business on September 4, 2024. Headquartered in Houston, Halliburton has major offices in Duncan in …
Crude fell Friday…will it regain strength this week?
Falling crude oil prices on Friday took Oklahoma energy stocks down with them. Crude dropped nearly 2% as Brent crude dropped again below $80 a barrel. Investors didn’t like the news about demand growth from top oil importer China. As trading starts this week, the question is whether there might be a rebound in …
Energy briefs
** A century-old rail lift bridge that crosses the U.S.-Canada border near the cities of International Falls, Minnesota, and Fort Frances, Ontario, has collapsed, and it’s unclear when the area will reopen to water traffic along the Rainy River. No trains were involved, and no one was injured in Wednesday’s collapse, according to the Minneapolis Star Tribune. ** …
Crude oil recorded gains and so did OK energy stocks
Crude oil prices rebounded from some of their losses this week with a more than $1 a barrel gain and at the same time, Oklahoma energy stocks did the same. Crude prices rose after the release of U.S. economic data that might have eased concerns of a recession. West Texas Intermediate crude in the U.S. …