Oklahoma City-based Devon Energy Corp. announced it will report third-quarter 2021 results on Tuesday, Nov. 2. and investors will learn whether company leadership was correct in predicting more financial growth and strength. The release will be made after the close of U.S. financial markets. The earnings release and presentation for the third-quarter 2021 results will …
Category: Oil & Gas
Senator warns Biden not to break campaign promises
POLITICO reports the Biden EPA is expected to release proposed biofuel blending volume mandates on Friday, The news group said Iowa Sen. Chuck Grassley put the Biden administration on notice that if the 2021 volume level is below the figures of 2020, farmers will remember it at election time. “If we get a bad …
Colorado oil and gas operator hit with $2 million fine
Colorado energy regulators lowered the boom this week on oil and gas operator K.P. Kauffman. The firm was fined by the Colorado Oil and Gas Conservation Commission more than $2 million for a series of spills and leaks reported Fox 31 news. Click here for Fox 31 News.
Energy news in brief
** Amid consternation over blackouts across New Orleans after Hurricane Ida, Entergy floats the idea of moving its headquarters out of the Louisiana city and sets off ripples of concern. ** The Department of Energy reports in 2020, wind energy was the largest source of U.S. electric-generating capacity additions, accounting for 42% of new capacity. ** Commercial buildings in the United …
OGE wants $875 million to cover storm costs
Customers of Oklahoma Gas & Electric are being told the utility plans to ask state regulators permission to pass along $875 million in February winter storm costs to them over the next 13 years. Corporation Commissioners have to approve the deal. Some of the details were reported this week by The Oklahoman. Click here …
Xcel Energy proposes smart meters for Texas Panhandle customers
Texas regulators will hold hearings on Xcel Energy’s plan to install smart meters in the Panhandle region. Click here for KFDA TV report.
Ørsted and Williams join forces to explore clean energy opportunities in the US
Ørsted and Williams have signed a memorandum of understanding to explore potential jointly developed Power-to-X projects in the US. hrough the MOU, the two companies are identifying ways to leverage Ørsted’s renewables and hydrogen expertise with Williams’ natural gas infrastructure and processing experience to co-develop hydrogen or synthetic natural gas facilities powered by …
Crude oil managed a slight increase in Tuesday’s trading
Modest increases in crude oil prices were recorded in Tuesday’s trading as analysts credited concerns about the global consumption outlook moving forward. The day’s trading left Oklahoma energy stocks confused as some rose and some sank. West Texas Intermediate crude, whose October contract expired Tuesday managed a 27-cent increase to finish the day at …
Energy news in brief
** The Biden administration on Monday morning announced an interagency plan to deal with the effects of frequent extreme heat waves caused by global warming. The Department of Labor will develop regulations and processes to set and enforce regulations limiting extreme heat exposure for outdoor workers, in industries like agriculture, construction and delivery, and indoor workers, including …
Unit Corporation sells headquarters building
A year after emerging from Chapter 11 bankruptcy, Tulsa’s Unit Corporation announced the sale of its corporate headquarters building in a $35 million deal. As part of the sale, Unit also entered into a multi-year lease for part of the building. The buyer was not identified. “The sale of the headquarters building further strengthens …