ONE Gas Inc. announced first quarter earnings this week showing its net income totaled only a few million less than one year earlier. The report was released while ONE Gas and its affiliates await action on rate hike requests in Oklahoma, Kansas and Texas. The company reported $99.3 million or $1.75 per diluted …
Category: Oil & Gas
Mach Natural Resources to release 1Q financial results in the coming week
Mach Natural Resources plans to release its first quarter 2024 financial results next week. The results will be made known on Monday, May 13 after the close of markets. Leaders will hold a conference call the next day beginninat 8 a.m. central time to discuss the results. Mach Natural Resources LP is an independent …
Williams reports big growth in natural gas revenue
Williams Cos. had such a strong first quarter 2024, that it saw an 8% growth compared to the first quarter of 2023. The Tulsa-based company had adjusted EBITDA of $1.934 billion over the $1.795 billion recorded in the first quarter of last year. Earnings per share grew 5% from 56 cents last year to …
AG Drummond warns Congress EPA is going too far with a chemical list plan
Oklahoma Attorney General Gentner Drummond told a House Committee on Tuesday he has no intention of backing off the lawsuits he has filed against the Environmental Protection Agency. His pledge came as he testified before the House Committee on Energy and Commerce as it explored the EPA’s new rule on Risk Management Programs. “Unfortunately, …
EPA rolls out methane emissions rules against oil and gas industry
Even as a House Committee held a hearing this week into the EPA’s latest rule regarding chemical firms, the giant agency spread its influence with updated methane emissions reporting requirements for oil and gas operations. In Monday’s announcement, the agency asserted the final revisions will ensure grater transparency and accountability for methane pollution from …
One Oklahoma family’s nightmare of an abandoned oil well
An Oklahoma family’s fight against abandoned oil wells and what it did to their farm…it’s the subject of an article by ProPublica. The story focuses on the small farm acquired by Stan and Tina Ledgerwood near Maysville and their nightmare in dealing with a former oil well. ProPublica investigated along with two other news …
Energy briefs
** Fewer Americans today see climate change as a “very serious” problem than they did three years ago, according to a new survey released Monday. The Monmouth University poll, conducted on April 18-22 shows a 10-point decline in Americans who says climate change is a “very serious” problem, falling from 56 percent in September 2021 to 46 percent …
Crude oil prices had mild response to latest ceasefire talks between Israel and Hamas
Crude oil futures were mostly unchanged in Monday’s trading but Oklahoma energy stocks recorded gains for the day. Those elusive ceasefire talks between Hamas and Israel continued playing a role in what happened to crude oil prices. West Texas Intermediate crude, the U.S. benchmark, dropped 37 cents or 0.5% to $78.48 a barrel on the …
Oklahoma gas prices—still some of the cheapest in the region
It may not feel like it, but Oklahoma has some of the lowest gas prices in the region. Only Arkansas gas is cheaper in the six states surrounding Oklahoma. Although gasoline inventories were up nationwide, they actually fell in the Midwest. Pump prices in the Sooner State averaged three dollars, 20-and-a-half cents a gallon …
SandRidge to release 1Q earnings report
SandRidge Energy plans to release its first quarter 2024 financial results after the close of markets on Tuesday, May 7. The company leaders will follow up the release with a conference call to be held Wednesday, May 8 at 10 a.m. central time. The Oklahoma City company is coming off a fourth quarter where …