The news could be bad this week for some of the oil giants based in Houston, Texas—bad because earnings are expected to be lower. As the Houston Chronicle reported, Chevron and Exxon could see dramatic drops of nearly 30% in earnings. If the paper’s report is true, Exxon might experience a 27% decline …
Category: Oil & Gas
Evergy to move ahead with $2.75 billion plan approved by Kansas and Missouri regulators
Evergy, the utility firm in Kansas and Missouri, is on its way to following through with a $2.75 billion infrastructure plan. The company first won approval from Kansas regulators then received approval of regulators in Misosuri to build three natural gas plants and two solar projects. Evergy announced last year its intent to …
Cheniere Energy seeks tax credits for its LNG tankers
Cheniere Energy is asking for government tax credits in its shipments of LNG and it comes days after the Trump administration reached a new tariff agreement with the European Union, a move that will see increased numbers of tankers carrying the fuel overseas. Here’s what Cheniere Energy wants—-an “alternative fuel” tax credit as …
Energy briefs
** U.S. Interior Secretary Doug Burgum orders agencies to factor in proposed solar or wind projects’ per-acre energy generating capacity relative to fossil fuels during permitting — a move that could halt new renewables development on federal lands. ** Colorado Gov. Jared Polis orders state agencies to streamline and accelerate clean energy permitting to allow …
BLM offers oil and gas leases on federal land in Oklahoma and New Mexico
The federal government announced it plans to sell leases covering more than 8,800 acres of government-owned land in Oklahoma and New Mexico. The sale, set to be held in November, involves 21 oil and gas leases in the two states. The Bureau of Land Management New Mexico State Office announced an oil and gas …
Western Oklahoma’s oil and gas plays still humming with activity
When Oklahoma experienced a decline in the number of active oil and gas rigs in the past week, it did so in the Cana Woodford Basin located in several western counties. While the play’s known for its production of a dry gas, the Cana is described as a deep formation, ranging from 8,000 …
2Q earnings report coming soon from Stardust Power
Startup lithium production company, Stardust Power Inc. plans a release next week of its second quarter 2025 earnings report and investors will be eager to see if the Connecticut based company with a lithium processing plant under construction in Muskogee has increased any earnings. The release will be made after the close of …
Nation’s oil and gas rig count dips again—so did Oklahoma’s
The U.S. experienced another decline in the past week of the number of oil and gas rigs actively pursuing new oil and gas finds and the drop included the state of Oklahoma. Oklahoma’s total fell one to 41 rigs, still more than last year at this time when the count was 35, according …
Production of crude oil and natural gas grew in past year across the US
The latest government report shows Oklahoma’s crude oil production grew by 2.5% in the past year. Production figures were released by the U.S. Energy Information Administration. Crude Oil (thousand barrels per day) State/area May-25 Apr-25 Percent change May-24 Percent change U.S. 13,488 13,464 0.2 13,201 2.2 Alabama 8 8 -5.5 9 -15.0 Alaska 434 …
Sen. Mullin says Obama’s climate decisions were costly to the U.S.
“What Lee Zeldin just did is took a sledgehammer to the regulatory environment.” Oklahoma U.S. Sen. Markwayne Mullin made it clear he thinks EPA Administrator Lee Zeldin did the absolute right thing in rescinding Obama-era environmental decisions. Interviewed recently by Harris Faulkner on Fox News’s “The Faulkner Focus,” he called them “the Obama-era endangerment …