As Vice President Kamala Harris picked her vice presidential running mate, Minnesota Gov. Tim Walz, Oklahoma U.S. Senator Markwayne Mullin said voters shouldn’t forget how the Biden-Harris administration led to the loss of U.S. energy independence. In his latest “Mullin it over” column to constituents, the GOP U.S. Senator declared that Americans are …
Category: Oil & Gas
Williams reports higher earnings in 2Q
Williams came out this week with second quarter earnings of 43 cents a share which was more than the analyst estimate of 38 cents. It also had reported revenue of $2.34 billion, nearly 4% below the analyst estimate of $2.43 billion. Adjusted net income was $521 million and 43 cents a share and it …
Oklahoma refunds millions to oil companies that don’t participate in abandoned well cleanup program
Two environmental minded groups contend that Oklahoma would have been able to clean up hundreds more of orphan well sites had it not been for some major state oil and gas companies backing out of the voluntary funding program run by the Oklahoma Energy Resources Board. Capital and Main along with ProPublica reported that …
Energy briefs
** Sens. Joe Manchin (I-W.Va.) and Lindsey Graham (R-S.C.) unveiled a bill recently to delay new vessel speed limits on the Atlantic coast. Whale advocates say the legislation would doom the North Atlantic right whale to extinction. The bill, the “Protecting Whales, Human Safety, and the Economy Act of 2024,” S. 4948, was introduced Friday. ** The …
Stocks plunged Monday–so did crude prices and OK energy stocks
With U.S. markets suffering some of their worst losses in two years during a selloff of global stock markets, crude oil prices fell. So did Oklahoma energy stocks as many suffered losses of 5% and 6% while one firm dropped 10% during the day’s trading. The “R” word, recession, might have played a continuing …
Barnsdall to lose major manufacturing plant destroyed by May tornado
Another Oklahoma city just felt the second impact of a deadly tornado. The city of Barnsdall, hit hard by a May 6 EF-4 tornado that destroyed the NuCera Solutions plant, got the recent news that the Chase Corporation, which owns and operated the plant, revealed it would not rebuild the plant where high-grade chemicals and …
Oklahoma’s gross production tax revenue dropped 37% in past year
The Oklahoma Treasurer’s office announced there was an overall revenue increase for the state in July, but a more than $600 million drop in revenue from the Gross Production Tax. Treasurer Todd Russ stated the Gross Production Tax totaled $1.1 billion but it was off $639.9 million or 37% for the last 12 …
Energy briefs
** Facing the need to win battleground Pennsylvania, Vice President Kamala Harris is swearing off any prior assertion that she opposed fracking, but that hasn’t stopped Republican Donald Trump from wielding her now-abandoned position to win over voters in a state where the natural gas industry means jobs. ** Former President Donald Trump said he had “no choice” but to …
ONEOK points to its ESG inclusions
While the debate continues about Oklahoma’s anti-ESG law, companies such as ONEOK also focus on their pro-ESG efforts. ONEOK did so in its recent release of its annual Corporate Sustainability Report highlighting the company’s progress and commitment toward environmental, social and governance (ESG) performance. The company stated “ONEOK qualified for inclusion in more than …
Critic charges what regulators did to Accountant was no less than “Mr. Smith Goes to Washington”
Shocking and disgraceful. It’s the words used to describe how accountant David Greenwell was denied by the Corporation Commission an opportunity to support claims that the Commission’s audits of the 2021 storm costs were not legitimate audits. Costs that Oklahoma ratepayers will be paying for the next 25 years. Nichols Hills Mayor Sody McCampbell …