** Democratic West Virginia Sen. Joe Manchin filed a brief with the Supreme Court Tuesday asking the high court to reinstate the Mountain Valley Pipeline (MVP), a 303-mile natural gas pipeline under construction. ** Swedish manufacturer Husqvarna on Monday announced that its 874,000-SF Nashville production facility will be shutting down, affecting about 700 jobs. The plant will …
Category: General
2Q earnings report to be released by Gulfport Energy
After delivering increased production of natural gas in the first quarter along with $523.1 million of net income and $229.7 million of adjusted EBITDA, Oklahoma City’s Gulfport Energy Corporation plans a release next month of its second quarter earnings report. Investors will learn the results when they are released after the market closes on …
ONE Gas boasts of its ESG accomplishments
ONE Gas released its 2023 Environmental, Social and Governance (ESG) report showing a 48% reduction in CO2 emissions over the last several years. “As one of the country’s largest natural gas distribution companies, we take pride in delivering the affordable and reliable energy our 2.3 million customers depend on each day,” said Robert S. McAnnally, president …
Utility and consumer group welcome AG’s announcement
Oklahoma Attorney General Gentner Drummond drew support from at least one utility and also a consumer advocacy group when he announced a decision to target natural gas marketers over their reaping billions of dollars during the 2021 winter storm. During his announcement, he said utilities in the state were not to blame for …
China’s latest economic news boosts US crude prices and OK energy stocks
Crude oil prices and Oklahoma energy stocks went up in Tuesday’s trading—crude more than 1% after China indicated it will act to support economic growth in the world’s biggest oil importer. Further, prices got support on expectations the Fed will stop raising interest rates soon. West Texas Intermediate crude rose $1.60 or 2.2% to settle …
Corporation Commissioners react to AG’s decision over high natural gas costs in winter storm
Tuesday’s announcement by Oklahoma Attorney General Gentner Drummond to hold accountable those who profited “untowardly” from the 2021 Winter Storm Uri through historic high natural gas prices brought different responses from two of the state’s three Corporation Commissioners. Commissioner Bob Anthony appreciated the AG’s willingness to perhaps prosecute the market manipulators, but he also …
Oklahoma Attorney General to sue natural gas marketers over 2021 winter storm gas costs
“It will probably be the most significant lawsuit filed by the state of Oklahoma in its history.” So proclaimed Oklahoma Attorney General Gentner Drummond Tuesday as he formally announced his intention to file suit against those he claimed “reaped billions of dollars at the expense of Oklahoma families and businesses” during the 2021 Winter …
Sen. Lankford wants to eliminate red tape in federal grants program
Oklahoma U.S. Sen. James Lankford thinks government bureaucracy is making the federal grant process too slow. So he’s joined Democratic Sen. Gary Peters of Michigan and Republican Sen. John Cornyn of Texas in introducing the Streamlining Federal Grants Act to help streamline the administration of grant programs across the federal government. “Strategic, competitive federal …
Williams Cos. isn’t just about natural gas—it’s also into satellites
Two more satellites were launched this month as part of Williams’ full-value chain NextGen Gas program that provides path-specific methane intensity certifications to utilities, LNG export facilities and other clean energy users. With funding from Williams’ New Energy Ventures Corporate Venture Capital program, the satellites belong to Orbital Sidekick and Spain-based Satlantis Technology and were launched …
Citizen Energy adds to its Anadarko Basin hold with more Grady County wells
Tulsa’s Citizen Energy III LLC recently filed completion reports on two wells drilled on a single pad in Grady County….an example of the company’s hustle to add more to its daily oil production. All of the Sprowls wells are located about 4 miles southwest of Minco at 11 9N 8W and were completed in …