ONE Gas, Inc. plans a release of its first quarter 2022 earnings report on Monday, May 2, 2022. The information and data will be released after the close of market. The following day, May 3 at 10 a.m. Central Time, the company’s executive management team will participate in a conference call. The company reported …
Rep. Bice says Biden’s budget plan would raise billions in new taxes on oil and gas
Oklahoma Congresswoman Stephanie Bice says President Biden’s budget proposal shows he is out of touch with the real needs of the American people and it comes as the U.S. experiences an unprecedented energy crisis. In comments this week, the Republican Representative said despite record-breaking gas and heating prices, Biden’s proposed budget would add $45 billion …
Regulators change method of storage tank payments in Oklahoma
Oklahoma regulators are advising storage tank owners and operators there’s a new method of paying for annual tank permit fees and if they’re not paid, tank operations will be closed. The Oklahoma Corporation Commission’s Petroleum Storage Tank Division sent a notice to operators this week advising them that April 1st invoices for the annual …
Economic expansion underway in Oklahoma says Treasurer
March Gross Receipts to the Treasury point to accelerating economic expansion in Oklahoma, pushed along by wage growth and rising inflation, State Treasurer Randy McDaniel announced Wednesday. March gross receipts of $1.38 billion are up by almost 23 percent compared to the same month of last year. That is a record high for March collections. Twelve-month receipts …
Crude prices slipped Tuesday along with OK energy stocks
Crude oil prices fell slightly in Tuesday’s trading but remained above $100 a barrel as analysts explained there are still growing worries that demand will be slowed by new coronavirus cases. West Texas Intermediate crude fell $1.32 or 1.3% and settled at $101.96 on the New York Mercantile Exchange. Global benchmark Brent futures dropped …
Stage set for more Supreme Court hearings on storm-bond cases by 3 utilities
The Oklahoma Supreme Court has been asked to hold hearings April 13 on another $2.2 billion in ratepayer backed bonds to help three utilities pay for their February 2021 storm costs. Filings were made this week by the Oklahoma Development Finance Authority to cover the bond requests of Oklahoma Natural Gas, Public Service Company …
Enverus trims projections due to Russian invasion of Ukraine
The fog of war. It’s what Enverus Intelligence Research focused on this week in a report on the impact of the war in Ukraine on the world’s oil supply. As a result, it trimmed its prediction on growth. In the report called”The Fog of War,” EIR assessed the outlook for oil supply amid sanctions …
Laredo Petroleum sets 1Q financial report release date
A first quarter financial report will be released in early May by Laredo Petroleum, Inc. The Tulsa company announced the first-quarter 2022 financial and operating results will first be released after the close of markets on Wednesday, May 4, 2022. Company leaders will follow the release with a conference call, the next day, Thursday, May …
Dems to punish Big Oil in Wednesday congressional hearing
While Oklahoma City’s Devon Energy company and other oil and gas majors called to testify Wednesday before a House Energy and Commerce Committee, other congressional committees also want to explore what they consider to be price gouging at the pump as the result of high oil prices. Leaders of Devon, BP America, Chevron, ExxonMobil, …
Regulators to gather for regular meeting
Oklahoma Corporation Commissioners will hold a regular meeting Thursday morning at the State Capitol. Their agenda incudes possible votes on proposed and potential orders in causes on the daily signing agenda docket. The votes might be on individual cases or the docket as a whole. There will be discussion and a possible vote to …