Leadership at Tulsa’s Williams Cos. called the third quarter earnings “exceptional” as the company saw a 12% increase in adjusted earnings. Williams saw net income of $164 million or 13 cents a diluted share while its adjusted EBITDA was $1.420 billion, up $153 million from the third quarter 2020. “We achieved exceptional results in …
Category: Oil & Gas
Crude oil prices and OK energy stocks make more gains
Crude oil prices continued their march upward in Monday’s trading and settled at more than $84 a barrel in the US and nearly $85 in Europe. Oklahoma energy stocks enjoyed the ride too. West Texas Intermediate crude for December delivery rose 48 cents or 0.57% to finish at $84.05 a barrel in trading on …
Lankford warns some energy steps could come back to haunt us
Is the US headed for even higher energy prices because of its green movement? Oklahoma U.S. Sen. James Lankford thinks so and he warns that what is happening in Europe with higher energy prices and frequent blackouts is the “ghost of Christmas future” for us. Taking a cue from Charles Dickens’ 1843 novella A …
Enviros urge Evergy to close 2 more coal plants
Kansas City utility Evergy could save ratepayers money by retiring two more coal plants within the next decade and replacing them with a mix of solar, wind, storage, and efficiency, according to a new Sierra Club report. (Kansas Reflector) Click here for Kansas Reflector
Why people dump EVs
A University of Kansas professor and expert in transportation policy who studied why EV owners dump their vehicles says it had a lot to do with dissatisfaction with what else—the charging capability–or lack thereof. It’s the finding of Bradley Lane, associate professor of public affairs & administration at KU. Owners who abandoned their …
Wyoming revenue estimate raised by hundreds of millions through 2026
All that oil and gas drilling in Wyoming by some Oklahoma-based energy firms no doubt contributed heavily to greatly increased revenue for the state. As the Casper Star Tribune reported, revenue collected by Wyoming during the 2021 fiscal year far outstripped earlier estimates—thanks to unexpectedly high oil and gas prices. Click here for Casper …
New Mexico US Rep wants to protect oil and gas from species conservation
New Mexico’s lone Republican U.S. Representative, Yvette Herrell introduced recent legislation to protect the oil and gas industry from the Biden administration’s threatening efforts designed to protect some plants and animals nearing extinction. She contends that critical habitat designations could impose undue burdens on some of the state’s industries and threaten local and state …
Enable Midstream bounces back with big 3Q report
Oklahoma City’s Enable Midstream Partners, the company nearing completion of a merger with Energy Transfer announced a huge turnaround in its third quarter profits reporting $116 million in net income, an increase of $280 million compared to $164 million net loss a year ago. The company said net income attributable to common units was …
Other energy headlines
** President Joe Biden wrapped up his time at the Group of 20 summit on Sunday trying to convince Americans and the wider world that he’s got things under control — and taking Russia, China and Saudi Arabia to task for not doing enough to deal with the existential threat of climate change. ** Senate Republican Leader …
Texas firm to build $6 billion operation in Pennsylvania
Texas-based energy company Nacero Inc. on Friday announced plans to build a $6 billion manufacturing facility on the site of a former Pennsylvania coal mine that will produce gasoline made from natural gas and renewable natural gas and is expected to generate thousands of jobs. Click here for The Times Leader