Leaders of Oklahoma-based ONE Gas received a setback this week for its Kansas Gas Service division that asked for a $58.1 million rate hike from the Kansas Corporation Commission. Staff at the KCC revealed their recommendation that the rate hike for the largest natural gas distributor in the state be only $31.7 million. The …
Category: Oil & Gas
Crude stocks fall at Cushing and across the nation
The amount of crude oil in storage declined in the past week across the U.S. and also at the Cushing Hub, according to the U.S. Energy Information Administration. Cushing’s total fell 700,000 barrels from 34.2 million on June 28 to 33.5 million barrels as of July 5. A year earlier, Cushing held 41.2 million …
Montana GOP leaders take on youth whose climate lawsuit led to groundbreaking ruling
(Thom Bridge–Independent Record via AP) The Montana state Supreme Court is being asked to overturn a lower court ruling pushed by young environmental enthusiasts that declared regulators have to consider global warming emissions when approval oil, gas and coal projects. The challenge is coming from Republican officials who disagree with the ruling. Among those …
Energy Transfer’s 2Q earnings report to be released in early August
The second quarter earnings report from Energy Transfer will be released in early August. Energy Transfer, a Texas company that three years ago acquired Oklahoma City-based Enable Midstream, plans to release the report on Wednesday, August 7 after the market closes. It will also hold a conference call featuring executives the same day at …
Energy briefs
** Houston is struggling through Hurricane Beryl’s chaotic aftermath, with blackouts, blocked roads, internet disruptions and spotty access to gas expected to linger well after the storm’s floodwaters recede. ** Houston warned residents that 154,000 gallons of “domestic wastewater” spilled in the downtown area after Hurricane Beryl dumped heavy rain and cut power to much …
Crude prices dropped after positive refinery developments following hurricane Beryl
Tuesday brought another drip in crude oil prices as the anticipated supply disruptions from Hurricane Beryl did not come to fruition. One US oil-producing hub in Texas incurred less storm damage than originally expected. It appears major refineries along the Gulf Coast did not experience the kind of damage many thought. West Texas Intermediate crude …
Oil leader says nation needs more like late Sen. Jim Inhofe
Not just politicians were affected by this week’s death of former Oklahoma U.S. Sen. Jim Inhofe. The longtime conservative was a strong defender of the oil and gas industry and his death prompted Petroleum Alliance of Oklahoma President Brook A. Simmons to comment. “Senator Inhofe fiercely defended the United States from awful policies cloaked …
ConocoPhillips sues Biden’s Interior Department over new rules affecting Alaska
ConocoPhillips is taking the Biden administration’s Interior Department to court over its new rules to limit oil and gas exploration in Alaska’s National Petroleum Reserve. The company that got its start in Oklahoma filed suit on Friday, as did the regional government North Slope Borough which receives revenues from oil and gas activity in …
Denver’s Suncor refinery hit with new long list of pollution violations
After making a $10.5 million settlement three years ago for pollution violations in Colorado, Suncor was hit this week with another round of violation claims by the EPA and Colorado regulators. Suncor was named in a 140-page list of alleged new violations. They were drawn up by the EPA’s regional office and accused …
ONEOK’s 2Q report coming in early August
The second quarter 2024 earnings report from ONEOK, Inc. will be released in early August. The company explained the release will be after the market closes on August 5 and ONEOK’s executive management will take part in a conference call the following day. The conference call will be held at 10 a.m. central …