Tulsa’s Williams Cos. announced on Tuesday its board of directors had approved yet another dividend to investors—the 47th consecutive payment. The dividend of $0.41 per share or $1.64 annualized on the company’s common stock will be payable Dec. 27, 2021 to holders of record at the close of business on Dec. 10, 2021. The …
Category: Oil & Gas
Manchin fights methane leaks fine pushed by Dems
“You’re not going to be able to penalize yourself” to a cleaner environment. (Sen. Joe Manchin) The above statement is very telling in what West Virginia Sen. Joe Manchin has to say about the Democrats’ proposed methane fee on oil and gas companies’ leaks. It’s reported and claimed by some to be dead in the water …
NGL earnings report to reveal if there’s improvement
Increased crude oil prices and oil and gas operations—are they enough to turn around earnings for Tulsa’s NGL Energy Partners? NGL plans to release its fiscal 2022 second quarter reporting after the close of markets on Tuesday, Nov. 9. Then management will host an earnings call at 4 p.m. Central Standard Time to discuss …
EIA forecasts U.S. winter natural gas bills will be 30% higher than last winter
If you use natural gas to heat your home this winter, get ready to spend a lot more on the gas bill. So cautions the federal government. In the U.S. Energy Information Administration’s latest Winter Fuels Outlook, it predicts U.S. households that primarily use natural gas for space heating will spend an average of $746 on …
Headlines of other energy stories
** Exxon Mobil Corp. is weighing salary increases as it tries to halt employee attrition across its business divisions after sweeping job and benefit cuts. ** U.S. President Joe Biden’s global energy security adviser said on Monday that Russian President Vladimir Putin is getting close to using natural gas as a political tool if Russia is holding …
Is an improved earnings report coming for Mammoth Energy?
Will Oklahoma City’s Mammoth Energy Services be able to bounce back from second quarter losses? The answer will be revealed in about a week. Mammoth Energy plans to disclose its 2021 third quarter financial results on Friday, November 5, 2021 at 6:00 a.m. Eastern Time. Investors have hopes the company will improve on its losses from the …
Crestwood Equity expands holdings in $1.8 billion deal
In a $1.8 billion deal, Houston’s oil and gas pipeline operator Crestwood Equity Partners LP is taking over Oasis Petroleum Inc.’s midstream unit and expanding its holdings in the U.S. shale basins. It already is active in the Permian Basin, the Williston in North Dakota, the Marcellus and the Powder River Basin in Wyoming. …
Cushing’s falling crude oil storage affects global markets
The slipping amount of crude oil stored at the Cushing hub in north central Oklahoma has left investors nervous and at the same time is being blamed for the latest jump in oil prices. Bloomberg continues to focus on the Cushing site that is not only America’s largest oil storage hub but also one …
Oil hits $86 a barrel and brings energy stocks up too
Crude oil prices continued their climb upward in Monday’s trading as Brent crude hit a 3-year high and a penny short of $86 a barrel. Oklahoma energy stocks went along for the ride too. The global benchmark, set for December delivery rose 46 cents and finished the day at $85.99 a barrel on …
Increased coal sales drives improved earnings for Tulsa firm
“Year-to-date performance from all of ARLP’s business segments has exceeded our initial expectations for 2021.” Alliance Resource Partners, L.P., the major coal-mining company based in Tulsa reported increased financial and operating results for the quarter ended September 30, 2021 compared to the previous quarter. Primarily on the strength of increased coal sales volumes and price …