** A tentative agreement brokered by President Joe Biden between railroad unions and freight train companies is at risk of going off the rails—once again raising the prospect of a potential national railway strike that the president has warned could further disrupt the nation’s economy. ** The federal government has outlined a strategy to try to protect …
Category: General
Biden energy advisor calls for more oil production—but not in Permian Basin?
There has to be quite a contradiction at work in the Biden administration which on one hand is working to curtail oil and gas production in the Permian Basin while Presidential advisor Amos Hochstein is in the Middle East pushing for more investment in the industry. Which way is it? Produce more oil or …
Record coal-mining earnings reported by Tulsa’s Alliance Resources
As coal mining makes a resurgence throughout Europe because of the growing energy crisis, coal operators in the U.S. are doing well these days, including Tulsa-based Alliance Resource Partners, L.P. which reported record earnings in the just-finished quarter. Industry leaders might say it’s an indication that coal-mining in the U.S. is far from dead …
Big Aerospace announcement coming Monday
An announcement to be made Monday morning in western Oklahoma promises to be a “sensational addition” to the Oklahoma Air & Space Port. Craig Smith, executive director of the Oklahoma Space Industry Development Authority said Gov. Kevin Stitt along with the Director of Aerospace/ACES, Hopper Smith will be on hand for the 10 a.m. …
SandRidge Energy to release 3Q earnings report this week
SandRidge Energy, Inc. announced plans to release third quarter 2022 operational and financial results after the close of trading on Wednesday, November 2, 2022. SandRidge will host a conference call on Thursday, November 3, 2022 at 10:00 a.m. Central Time to review third quarter 2022 financial results and operational highlights. The conference call can …
China’s COVID steps hurts crude oil trading but OK energy stocks made gains on Friday
Crude oil prices on Friday ended the week with a drop in prices, mostly due to action by China to widen its COVID-19 curbs. At the same time, most Oklahoma energy stocks recorded gains including a more than 6% boost for Mammoth Energy. The U.S. benchmark, West Texas Intermediate crude for December delivery dropped …
The Battle of the Bonds heats up at Oklahoma Corporation Commission
Oklahoma Corporation Commissioner Bob Anthony has come out swinging against the Commission’s Administration Director who ordered staff last week to no longer perform any work related to the controversial Winter Securitization bond cases. In an opinion filed this week, Commissioner Anthony, a strong critic of the bonds used by OGE, ONG, PSO and CenterPoint Energy, …
Sen. Lankford—Oklahoma’s energy is more than just energy
Oklahoma U.S. Sen. James Lankford says he is among those who knows the value of crude oil and what it means to the nation. In a Friday “Lankford Letter,” he mentioned his recent visit to an Oklahoma refinery. “When I visited the HF Sinclair Refinery in Tulsa a few days ago, I was …
Exxon and Chevron report huge earnings in 3rd quarter
Two of the nation’s largest oil and gas companies, Exxon Mobil Corporation and Chevron Corporation announced Friday their earnings were into the billions of dollars in the third quarter—nearly $20 billion for Exxon and more than $11 billion for Chevron Exxon’s $19.7 billion in earnings translated into $4.68 a share while Chevron investors earned …
Dividend increase reported at Alliance Resource Partners in Tulsa
Alliance Resource Partners, L.P. announced that the Board of Directors of ARLP’s general partner approved an increased cash distribution to its unitholders for the quarter ended September 30, 2022. Unitholders in the Tulsa-based company, considered one of the largest coal mining operators in the eastern part of the U.S., will receive a cash distribution …