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: General
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 …
New Mexico Senator demands explanation over cancellation of loan to Grain Belt Express project
The Trump administration’s recent decision to cancel a nearly $5 billion federal loan guarantee for the Grain Belt Express transmission project from Kansas to Indiana caught the attention of one Democrat in the U.S. Senate. New Mexico Sen. Martin Heinrich is the ranking member of the Senate Committee on Energy and Natural Resources …
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 …
Customers fight Union Pacific’s $85 billion deal with Norfolk Southern railway
The proposed merger of Union Pacific and Norfolk Southern has run into a blocked track. Customer groups are urging federal regulators to block the merger. At least seven associations of shippers have come out against the $85 billion deal which would see Union Pacific acquire the smaller rival in a bid to create …
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 …