** The U.S. Department of Energy (DOE) has issued an emergency order under Section 202(c) of the Federal Power Act to address potential reliability concerns in the Mid-Atlantic power grid. The order was requested by PJM Interconnection (PJM) to allow the Wagner Generating Station in Maryland to operate beyond its normal limits if necessary. ** A Senate committee …
Category: Oil & Gas
Williams Cos.faces competition over proposed pipeline
The demand for more electricity in the U.S. has Oklahoma’s Williams Companies at odds with another energy giant in a bid to see who might win approval for a natural gas pipeline in southern Virginia and North Carolina. It’s described as a “high-stakes squabble” reported E&E News. Williams and Mountain Valley Pipeline have …
New Tulsa legislator successful in interim study on data centers and their impacts in Oklahoma
Only weeks after being sworn in as the new Oklahoma House District 71 Representative, Amanda Clinton (D-Tulsa) is following through on key priorities she outlined during her campaign. One of them, an interim study on the impact of data centers on the power grid and water supplies, was recently approved by House Speaker …
LSB recorded stronger sales but revenue affected by higher natural gas prices
Oklahoma City-based LSB Industries,Inc. reported improved net sales in the second quarter of the year, showing $151.3 million in net sales compared to $140.1 million in the second quarter of 2024. But higher natural gas prices also affected its earnings. LSB’s adjusted EBITDA of $38.3 million was down from the $41.9 million recorded …
Oil prices up again—WTI hits $70 for first time in July
Crude oil prices rose again Wednesday, climbing 1% as President Trump vowed to impose higher tariffs on Russia on Tuesday if it didn’t take major steps to end the war in Ukraine. At the same time, it had a negative impact on Oklahoma energy stocks as most suffered losses for the day. It …
US sees gain in crude oil stocks
The latest government report on the nation’s crude oil supplies showed a gain of nearly 8 million barrels over the past week, includling a 500,000 barrel increase at Oklahoma’s Cushing Hub. The U.S. Energy Information Administration reported the nation’s total in crude supplies was 426.7 million barrels as of the week of July …
LNG growth anticipated and increasing amounts will come from eastern US while the Permian Basin production will decline
Data source: U.S. Energy Information Administration, Annual Energy Outlook 2025 (AEO2025) New predictions from analysts at the U.S. Energy Information Administration suggests there will be a decline in natural gas production in the Permian Basin and the nation’s Gulf Coast will lean more heavily on East Coast gas production for its LNG manufacturing. In the Annual Energy …
Expand Energy’s financial performances keep growing
Oklahoma City’s Expand Energy, considered the largest natural gas producer in the country, announced improved earnings in the second quarter and outperformance of expectations from its merger last fall with Southwestern Energy. Its net income was $968 million or $4.02 per fully diluted share while net cash from operating activities jumped to $1.3 …
Gulfport Energy expands contracts with methane detecting firm
Oklahoma City’s Gulfport Energy announced a move this week to expand its employment of Montana-based Bridger Photonics Inc. for methane detecting scans. Bridger is considered a global leader in emissions detection for the energy industry. Gulfport has a strong demonstrated commitment to emissions reduction, including a top “A” grade rating from the MiQ gas …
Baker Hughes makes $14 billion acquisition of Chart industries
Baker Hughes and Chart Industries announced Tuesday they have entered into a definitive agreement under which Baker Hughes will acquire all outstanding shares of Chart’s common stock for $210 per share in cash, equivalent to a total enterprise value of $13.6 billion. Chart is a global leader in the design, engineering and manufacturing of …