The nation’s total of crude oil stocks took a plunge of 5 million barrels in the most reporting period, according to the U.S. Energy Information Administration. The EIA showed the nation’s amount of crude oil from from 428.4 million barrels the week of Nov. 22 to 423.4 million barrels in the most recent …
Category: Oil & Gas
Corporation Commissioner still objects to “one-page” audit of $1.4 billion in ONG Winter Storm bonds
Oklahoma Corporation Commissioner Bob Anthony is taking issue again for the corporation commission’s one-page so-called “audit” of ONG’s $1.4 billion of 2021 Winter Storm bonds. In a release and filing this week, the Commissioner, whose term will end in mid-January 2025, noted that on the Tuesday before Thanksgiving, OCC’s chair Kim David, sent …
Oklahoma firms didn’t make Newsweek’s Most Reliable Companies list
Newsweek is out with its America’s Most Reliable Companies 2025 rankings and sorry, but no Oklahoma companies made the list of 300. Arkansas-based J.B. Hunt Transport Services Inc. , one of the largest supply chain solutions providers in North America, ws ranked 190 on the list recognizing the company’s integrity, commitment to service …
Gas utility customers nationwide aren’t happy with service
A new survey shows gas utility customers aren’t happy with the service they’re getting, not just in Oklahoma but across the U.S. The J.D. Power 2024 Gas Utility Residential customer Satisfaction Study showed the customer satisfaction with billing and payment and customer care “significantly” dropped in the past year. Gas customers in Oklahoma who …
Coterra Energy announces pricing of $1.5 billion of senior unsecured notes
Coterra Energy Inc., an energy firm with oil and gas exploration in the Anadarko Basin, the Permian Basin and Marcellus Shale, announced this week the pricing of a $1.5 billion in senior unsecured notes. The breakdown of the total includes $750 million of senior unsecured notes due 2035 with an interest rate of …
Energy briefs
** Meta said on Tuesday it is seeking proposals from nuclear power developers to help meet its artificial intelligence and environment goals, becoming the latest big tech company to take interest in atomic power amid an expected boom in electricity demand. ** Donald Trump said Monday (Dec 2) he is opposed to Nippon Steel’s planned $15 …
The background of Trump’s pick to be the new Energy Secretary
He might be President-elect Donald Trump’s go-to energy guy but what do we really know about Denver oilman Chris Wright, the leader who once drank a glass of fracking fluids to prove they are safe? “To your health and the longer lives and healthier lives of billions of people around the world from oil …
LSB Industries announces publication of 2023 Sustainability Report
LSB Industries, Inc. announced the publication of its 2023 Sustainability Report, highlighting the Oklahoma City company’s progress in advancing its sustainability efforts. LSB remains focused on its vision of being a leader in the clean energy transition through the production and delivery of low carbon products to multiple end markets. Additionally, the company prioritizes …
Unsteady Lebanese peace deal sends crude oil prices higher
Fears that the truce between Israel and Lebanon might collapse sent crude oil prices higher by more than 2% in Tuesday’s trading. Prices rose as Israel threatened to respond with an attack if Hezbollah continued sending rockets and artillery blasts into Israel. At the same time, OPEC+ might announce an extension of its supply …
Edgewater Midstream Closes Acquisition of refined products logistics assets from Shell
A portfolio company of EnCap Flatrock Midstream, a company headquartered in San Antonio and with offices in Oklahoma City and Houston, announced it closed on the previously announced acquisition of the Sinco Pipeline System and the Colex East and Colex West Terminals in the Houston refining corridor. The portfolio firm, Edgewater Midstream LLC made …