The crisis over the power supply challenges in Oklahoma has the attention of Continental Resources CEO Bill Berry who told investors on Wednesday the company is producing about half of the natural gas it normally does. During a conference call to discuss the company’s fourth quarter 2020 earnings report, he told listeners and viewers, …
Skip to content Crude oil prices jumped again in U.S. trading on Wednesday as West Texas Intermediate crude rose $1.09 to finish the day at $61.14 a barrel. The oil price is for March delivery. Global benchmark Brent crude for April delivery increased 99 cents to settle at $64.34 a barrel in trading …
Mammoth Energy Services Inc. announced Wednesday that one of its wholly owned subsidiaries had obtained a new contract worth $40 million over the next three years. And it could lead to an expansion of the company. Aquawolf, LLC was awarded the contract by a major utility that was not named in the announcement. The …
In a more than $7 billion deal, Oklahoma City’s Enable Midstream is merging with Dallas-based Energy Transfer LP. The transaction will include a $10 million cash payment for Enable’s general partner and represents the latest consolidation of companies in the energy downturn that were predicted by many analysts. Under the agreement, Energy transfer will …
Defenders of renewable energy are firing back claiming frozen wind turbines were not the main cause of the massive power challenges confronting residents of Texas and Oklahoma. The issue melted into a political one between conservatives and liberals. A few days after some observers had noted that wind turbines were frozen in West Texas …
The emergency order approved this week by Oklahoma Corporation Commissioners directing utilities to prioritize the delivery of natural gas to their customers came days after regulators in Kansas did the same. The Kansas Corporation Commission issued an emergency on Sunday, February 15, a day after Gov. Laura Kelly had issued a State of Disaster …
** The mayor of a Texas city resigns after harshly telling residents seeking assistance during the power outage that “no one owes you or your family anything.” ** Chemicals giant DuPont decided to sell a plant in south Louisiana that emits a likely cancer causing pollutant, citing “major concerns” that government agencies would regulate its emissions to protect the community …
National Climate Adviser Gina McCarthy recently rubbed someone the wrong way when she said it was time to get “the middle of the country understanding and active on climate.” That someone was Sen. Chuck Grassley, the Republican from Senator who has been a major supporter of biofuels. He didn’t care for her comment about …
While dealing with supply issues, rolling blackouts and sub-zero wintry weather, ONE Gas in Oklahoma decided Wednesday was not the day to release its fourth quarter earnings report. Not good timing to be talking about profits when you consider the millions of customers served in Oklahoma, Kansas and Texas who are dealing with rolling …
The wintry grip on Oklahoma has sent natural gas prices in Oklahoma up to nearly $1,000 per million British thermal units. Reports indicated the $999 MMBtu price was indicated for two contracts at the Oneok Gas Transportation hub in the state. It represented a 24,000% increase compared to a week earlier. David Hoy, a …
