Category: General

AG takes on 16 more firms in 2021 winter storm market manipulation probe

  Without fanfare that usually accompanies his legal filings, Oklahoma Attorney General Gentner Drummond has quietly filed a third lawsuit alleging market manipulation by natural gas providers during the 2021 winter storm Uri. During the first week of January, Drummond filed another lawsuit in Osage County District court naming 16 defendants. “These Defendants lured many …

Continue reading »

Record 2024 shipments at Corpus Christi thanks to crude oil

  Increased shipments of crude oil last year led to a record amount of products through the Port of Corpus Christi in Texas. A report showed the Port and its customers moved 206.5 million tons in 2024 which is a new high mark. Port customers also ended 2024 with record quarterly tonnage (54 million tons) …

Continue reading »

Williams investors wonder if 4Q will be as strong as 3Q

  After a third quarter where net income rose 8% compared to a year earlier, Williams Cos. prepares to release its fourth-quarter and full-year 2024 financial results. The release will be made after the market closes on Wednesday, Feb 12. A conference call featuring leaders of the Tulsa-based company will be held the following day, …

Continue reading »

Mullin says ‘leadership has returned’ to D.C.

  Oklahoma U.S. Sen. Markwayne Mullin can’t heap enough praise on President Donald Trump’s rollback of what he said were the “last four years of President Biden’s damaging actions” on the nation’s energy industry. In a note to constituents, the Republican senator took note of the President’s move made right after he was sworn into …

Continue reading »

$500 million in broadband grants last year in Oklahoma

    When it came to expand broadband service to rural areas of Oklahoma, the state’s Broadband Service Office last year handed out $500 million in federal grants. Office executive director Mike Sanders, writing in the Sunday Oklahoman’s Viewpoints, said the grants funded 130 projects in 55 counties. Click here for Sunday Oklahoman  

Nation’s windfarm projects on hold?

    The impact of the President’s executive order halting permits and leases for wind projects? One published report suggests half of the projects under way in the U.S. are likely to be affected. One official, in an interview with HeatMap Plus, made the estimate. Click here for HeatMap Plus

Energy briefs

** The oil industry says Trump’s executive orders lifting drilling restrictions in parts of Alaska are unlikely to spur new oil and gas development because companies are focused on more accessible areas. ** U.S. tech giants criticized Trump’s withdrawal from the Paris Agreement eight years ago, but have remained silent this time around. ** In an announcement that thrilled …

Continue reading »

Crude oil gained pennies after Trump’s call for OPEC to drop prices

  When President Trump repeated his call on Friday for OPEC to lower crude oil prices, the market responded with a very slight increase. He made the call in order to hurt oil-rich Russia and bring an end to its war in Ukraine. For week, oil prices finished down and ended four straight weeks of …

Continue reading »

Oil and gas rig activity increases in Oklahoma

  As Oklahoma saw a gain in the number of oil and gas rigs throughout the state, the nation’s rig count declined in the past week, according to the Baker Hughes rig report released Friday Baker Hughes said Oklahoma’s count increased by one to a total of 44 active rigs, two more than one year …

Continue reading »

New solar plants expected to support most U.S. electric generation growth

  While there appears to be growing opposition to solar farms in Oklahoma, a new government forecast says the nation will likely seen strong growth of the solar projects in the next two years. In a nutshell, it believes there will be strong solar growth, accelerated coal retirements, and a decline in the use of …

Continue reading »