ONE Gas reported a drop in second quarter net income compared to a year ago. The Tulsa-based company said its net income for the year is also below what it recorded last year. It is still waiting on rate hike decisions before regulators in Oklahoma, Kansas and Texas. The 2024 net income was …
Category: General
Higher second quarter earnings for ONEOK—result of increased gas production
ONEOK reported this week it had higher second quarter earnings of $780 million in net income or $1.33 per share. It also had adjusted EBITDA of $1.6 bilion. “Strong financial and operational performance during the second quarter, supported by record Rocky Mountain region volumes on our system and acquisition-related synergies, provide momentum heading …
Oil and gas employment numbers held steady in July
( Photographer: Eddie Seal/Bloomberg) According to the Energy Workforce & Technology Council in Houston, the July jobs report showed the staying power of the oil and gas services sector. The report indicated the oil and gas services sector supported 647,559 jobs and had a loss of 201 jobs from June. The numbers are based on …
Sen. Mullin says voters shouldn’t forget attacks on oil and gas by Kamala Harris
As Vice President Kamala Harris picked her vice presidential running mate, Minnesota Gov. Tim Walz, Oklahoma U.S. Senator Markwayne Mullin said voters shouldn’t forget how the Biden-Harris administration led to the loss of U.S. energy independence. In his latest “Mullin it over” column to constituents, the GOP U.S. Senator declared that Americans are …
Williams reports higher earnings in 2Q
Williams came out this week with second quarter earnings of 43 cents a share which was more than the analyst estimate of 38 cents. It also had reported revenue of $2.34 billion, nearly 4% below the analyst estimate of $2.43 billion. Adjusted net income was $521 million and 43 cents a share and it …
Hiett faces another call to resign and call for investigation into his alleged drunken incident
Oklahoma Corporation Commissioner Bob Anthony is making another call for Commission chairman Todd Hiett to resign over the drunken-male groping incident reported in the past few weeks. He is also calling for replacement of Hiett as chairman by Corporation Commission vice-chair Kim David. Hiett refused last week to resign, contending his resignation would harm …
Oklahoma refunds millions to oil companies that don’t participate in abandoned well cleanup program
Two environmental minded groups contend that Oklahoma would have been able to clean up hundreds more of orphan well sites had it not been for some major state oil and gas companies backing out of the voluntary funding program run by the Oklahoma Energy Resources Board. Capital and Main along with ProPublica reported that …
Energy briefs
** Sens. Joe Manchin (I-W.Va.) and Lindsey Graham (R-S.C.) unveiled a bill recently to delay new vessel speed limits on the Atlantic coast. Whale advocates say the legislation would doom the North Atlantic right whale to extinction. The bill, the “Protecting Whales, Human Safety, and the Economy Act of 2024,” S. 4948, was introduced Friday. ** The …
Hot, hot, hot! Do I need to say anything more?
Get ready for some hot 100s this week in Oklahoma and if you’re in the Texas Panhandle, even hotter! How much hotter? How about 110 degrees—actual temperature. Check out the forecast from the Amarillo National Weather Service. Southern Oklahoma? How about 107 and 108 degrees. And eastern Oklahoma?
Stocks plunged Monday–so did crude prices and OK energy stocks
With U.S. markets suffering some of their worst losses in two years during a selloff of global stock markets, crude oil prices fell. So did Oklahoma energy stocks as many suffered losses of 5% and 6% while one firm dropped 10% during the day’s trading. The “R” word, recession, might have played a continuing …