** Senate Energy Committee Chair Joe Manchin (D-W.Va.) said he will lead a Congressional Review Act (CRA) resolution to undo the Biden administration’s final rule on permitting announced Tuesday morning. The Energy Department rule alters the permitting process to streamline categorical exclusions, or those that are considered not to have enough of an environmental impact to require a …
An unbroken record of quarterly dividends at Williams Cos.
Tulsa’s Williams Cos. kept alive its streak of dividends for every consecutive quarter since 1974. The board of directors approved a regular dividend of $0.4750 per share or $1.90 annualized. The dividend will be payable on June 24 to holders of record of common stock at the close of business on June 7. It …
Gulfport Energy feels impact of volatile natural gas market
Production and net income dropped slightly in the first quarter of the year for Oklahoma City’s Gulfport Energy Corporation but leaders still called it a strong start for the start of the company’s fiscal year. They also confirmed the company is deferring some drilling and completion activities to the second half of the year …
Crude oil prices down 1% while Oklahoma energy stocks suffered with 3% and 4% losses
Not only did crude oil prices drop about 1% in Tuesday’s trading, but several Oklahoma energy stocks had losses of 3% and 4%. Crude slipped due to increased U.S. production and to growing optimism over the possible for an Israel-Hamas ceasefire. West Texas Intermediate crude in the U.S. fell 70 cents or 0.9% to $81.93 …
Love’s urges Congress to support private development of alternative fuel networks
A Congressional subcommittee exploring the government’s attempt to create an EV and alternative fuel movement nationwide was cautioned by an official of Oklahoma City-based Love’s Travel Stops to allow private enterprise and consumers develop the transition…not the government. Kim Okafor, General Manager of Zero Emission Solutions for Love’s Travel Stops and Trillium Energy testified …
Western Oklahoma faces possible severe weather on Wednesday including large hail
Western Oklahoma is the apparent target zone for some of the latest severe weather threatening the state. Oklahoma Climatologist Gary McManus wrote this week, “The setup is nothing like last weekend, however. The threat will be a bit more substantial Wednesday, but tornado risk will still be considered “low,” at least at this time.” What looms …
Second candidate backs Corporation Commissioner in search for 2021 storm cost records
Oklahoma Corporation Commissioner Bob Anthony just received another call of support in his public records request for an Attorney General’s opinion regarding Anthony’s move to get 2021 winter storm cost records released to him. Russell Ray, a Republican candidate running for Oklahoma Corporation Commissioner, is urging the commission to promptly release public records …
Government report shows decline in wind generated electricity
See that? It’s the nation’s first drop in wind-powered electricity, according to a new report from the U.S. Energy Information Administration. It blames slower wind speeds and a maturation of the wind industry. In other words, despite the growth of wind farms across Oklahoma, Texas, Kansas and other states, the amount of electricity generated by …
FTC scrutiny prompts SEC filing by Southwestern Energy
Southwestern Energy Company, the Houston firm in the midst of a proposed merger with Chesapeake Energy filed an amended report with the SEC this week indicating it won’t be able to hold an annual meeting of shareholders within 120 days of the end of its 2023 fiscal year. Because the Federal Trade Commission is still …
Colorado governor declares “truce” in war on oil and gas—wants its cash
Ah, good old politics. It’s at play in Colorado where Gov. Jared Polis announced this week a “truce” between the oil and gas industry and its longtime environmental opponents. Why the truce? So the governor could get what he wants—revenue for new public transit funding. And what source? Of course, oil and gas. …