The U.S. Fish and Wildlife Department stands accused in a lawsuit of failing to finalize proposed protections for the lesser prairie chicken that exists throughout the Southwest and in Oklahoma. But some of those protections are opposed by the oil and gas industry in New Mexico which argues there could be potential economic harm …
Category: Oil & Gas
More energy headlines
** Bloomberg reported this week that, based on data it had compiled, the collective profits of Exxon, Chevron, Shell, BP, and TotalEnergies for the last quarter would come in at $50.7 billion. This is palpably lower than the record $62 billion the five supermajors reported for the second quarter—drawing the ire of politicians—but it is still a large number …
Congresswoman Bice joins movement in blaming Biden for nation’s energy crisis
Oklahoma Congresswoman Stephanie Bice is the latest of Oklahoma’s congressional delegation to blame President Biden for the energy crisis in this country. In a column released this week, the Republican Representative said very much like Sen. James Lankford wrote earlier in the week, that the country’s energy power all changed the first day Biden …
Biden now considers steps to avoid lower diesel fuel reserves
Even as the White House continues drawing oil from the nation’s Strategic Petroleum Reserve, there is growing speculation the Biden administration might take even more drastic steps in considering the U.S. reserve of diesel fuel. Such things as curbs on exports or requiring private companies to maintain their own minimum inventory levels according to …
Increased oil exports sent prices up along with OK energy stocks
Record U.S. crude exports resulted in a 3% gain in crude oil prices on Wednesday and gains for Oklahoma energy stocks including one firm with a more than 11% increase. The gains came after it was announced that U.S. refiners had operated at higher-than-usual levels for this time of year reported Reuters. West Texas …
Will earnings success continue for NGL Energy Partners?
NGL Energy Partners LP announced that NGL plans to issue its fiscal second quarter ended September 30, 2022 earnings press release post-market close on Wednesday, November 9, 2022. The members of NGL’s management team in Tulsa intend to host an earnings call following this release on Wednesday, November 9, 2022 at 4:00 pm CT …
Williams dividend declared
Investors in Tulsa-based Williams will be getting another quarterly dividend. The company’s board of directors announced a regular dividend of $0.425 per share, or $1.70 annualized, on the company’s common stock, payable on Dec. 26, 2022, to holders of record at the close of business on Dec. 9, 2022. This is a 3.7% increase from …
Halliburton’s 3Q earnings soared from 2Q report
Third quarter revenue for Halliburton Company was nearly 5 times what it was on the second quarter of the year. The firm that was founded in Oklahoma and is now headquartered in Houston announced net income of $544 million, or $0.60 per diluted share, for the third quarter of 2022. This compares to net income …
Tulsa Power Station’s 100th anniversary observed
Public Service Company of Oklahoma marked the centennial of one of Tulsa’s most recognizable landmarks, Tulsa Power Station this week. PSO President and Chief Operating Officer Leigh Anne Strahler, Mayor G.T. Bynum and County Commissioner Karen Keith joined TPS employees to celebrate a century of service. No one is certain exactly when Tulsa Power Station began producing …
Headlines of other energy stories
** The Biden administration signals support for a controversial LNG export terminal and pipeline proposed for Alaska. ** The White House on Tuesday welcomed moves taken by Saudi Arabia to help Ukraine in its war with Russia as President Joe Biden ponders how tough to be against the Saudis for joining an oil output cut. ** U.S. climate envoy …