The third quarter proved to be a successful one for Tulsa-based ONE Gas as it reported net income of $23.7 million or 44 cents a diluted share. It compared with the $20.3 million or 38 cents a share in the third quarter of last year. “Our third quarter results demonstrate consistency and …
Category: Oil & Gas
A 15% 3rd quarter growth reported by Williams Companies
Tulsa’s Williams Companies reported third quarter adjusted earnings of $1.6 billion, an increase of $217 million or 15% more than the third quarter of 2021. Cash flow from its operations was $1.490 billion—79% higher than a year ago and up $656 million. Williams reported available funds from its operations totaled $1.241 billion, another financial …
Oklahoma becomes latest to target financial groups that boycott oil and gas
Oklahoma on Tuesday will be the latest state to join the list of those going after financial institutions that target oil and gas companies with a boycott of their funds. The law was in response to such financial firms as Blackrock Investments which announced last year it would not finance oil and gas operations …
Oklahoma energy stocks rose as crude oil prices fell on Monday
Monday’s trading brought a drop in crude oil prices and the decline was blamed on expectations of increased U.S. production saddled with weaker economic data in China. But Oklahoma energy stocks ended with a strong trading day. U.S. benchmark, West Texas Intermediate crude for December delivery, dropped $1.37 or 1.6% to $86.53 a barrel …
Another utility wants storm cost help from Oklahoma regulators
Oklahoma Corporation Commissioners plan a public hearing Tuesday on still another utility wanting help in recovery of its costs from the February 2021 winter storm. Empire District Electric Company, headquartered in Joplin, Missouri but with customers in Oklahoma as well as Missouri, Kansas and Arkansas applied for approval of a Regulatory Asset and Special …
Chevron to build New Mexico solar farm
Chevron joined Algonquin Power & Utilities Corp in launching a 133-acre solar farm in southeast New Mexico to provide electrical power to the Permian Basin. Chevron’s Hayhurst Solar Power Facility is in Eddy County, New Mexico, a site on state trust land managed by the New Mexico State Land Office. Work is underway to …
Judge blames Corps of Engineers for “liability mess” in North Dakota
A North Dakota U.S. District Court judge lowered the boom last week on the Army Corps of Engineers, saying it created a “mess” over the security costs at the Dakota Access Pipeline. U.S. District Judge Daniel Traynor not only denied a motion from the federal government to limit the scope of the lawsuit filed …
Diesel fuel shortage grows across the U.S.
President Biden is staring another energy crisis in the face—a growing shortage of diesel fuel. Only a few weeks supply remains in storage and Waco economist Ray Perryman says the consequences could be grave reported the Odessa American. Click here for Odessa American
More energy headlines
** A tentative agreement brokered by President Joe Biden between railroad unions and freight train companies is at risk of going off the rails—once again raising the prospect of a potential national railway strike that the president has warned could further disrupt the nation’s economy. ** The federal government has outlined a strategy to try to protect …
Biden energy advisor calls for more oil production—but not in Permian Basin?
There has to be quite a contradiction at work in the Biden administration which on one hand is working to curtail oil and gas production in the Permian Basin while Presidential advisor Amos Hochstein is in the Middle East pushing for more investment in the industry. Which way is it? Produce more oil or …
