The snail mail news of OG&E’s jump in utility rates arrived over the weekend. The utility slipped into the startling climb in rates by opening, ‘We know you depend on us to energize your home and business and that your top priority for us is reliability.” Further down in the letter came the …
Instead of going off like Thursday’s fireworks on Independence Day, crude oil prices did the opposite on Friday, falling about 1%. Some analysts, according to Reuters, contended that crude prices dropped because of optimism of a ceasefire in Gaza and the optimism outweighed concern that Gulf of Mexico hurricanes would disrupt supplies. West Texas Intermediate …
The latest rig count from Baker Hughes Co. showed the national total gained four rigs to reach 585 while Oklahoma was unchanged with a total of 34 active oil and gas rigs. However, the numbers still reflect the fact that more oil and gas rigs are in storage compared to a year ago. Baker …
NGL Energy Partners of Tulsa was one of 109 customers of BNSF Railway Company honored with the railroad’s annual Product Stewardship Award for the safe transportation of hazardous materials by rail. Implemented in 1997, The BNSF Stewardship Award recognizes shippers who transport a minimum of 500 loaded tank cars of hazardous materials during the …
Coterra Energy plans a release of its second quarter 2024 financial and operating results on Thursday, August 1 as investors wonder if things will be as strong as the previous quarter. The Houston-headquartered company, with operations in Oklahoma will make the release after the close of markets. Company leaders plan to hold a conference …
Investors in Tulsa-based Helmerich & Payne will learn third quarter earnings results later in the month. The company announced it will release the fiscal third quarter 2024 earnings report and hold a conference call on Thursday, July 25 at 10 a.m. central time. President and CEO John Lindsay will be joined by Senior Vice …
A Louisiana Judge’s ruling that suspended President Biden’s freeze on LNG exports certainly drew a positive response from some in the Texas energy industry. Judge James Cain Jr. of the Western District of Louisiana issued the injunction against the Energy Department’s LNG export ban in a suit filed by a number of states, including …
The board of directors at ONE Gas, Inc. was expanded by two this week, according to a company announcement. The addition of Yves C. Siegel, CFA, and Sanjay D. Meshri to the board expanded the number of directors to nine. Their appointments were effective July 2. One is a founder of a New …
New Mexico officials contend that at least 60% of the Permian Basin oil and gas operations they inspected were in violation of EPA air quality standards. The New Mexico Environment Department announced the results of a six-month inspection initiative done in partnership with the U.S. Environmental Protection Agency. It found 75 of the 124 facilities …
** Rail cars carrying hazardous material that derailed early Friday were still burning more than 12 hours later in a remote area of North Dakota, but officials said no one was hurt and the threat to those living nearby appeared to be minimal. Twenty-nine cars of a CPKC train derailed around 3:45 a.m. in a marshy area surrounded by …
