ONE Gas Inc. announced first quarter earnings this week showing its net income totaled only a few million less than one year earlier. The report was released while ONE Gas and its affiliates await action on rate hike requests in Oklahoma, Kansas and Texas. The company reported $99.3 million or $1.75 per diluted …
Mach Natural Resources to release 1Q financial results in the coming week
Mach Natural Resources plans to release its first quarter 2024 financial results next week. The results will be made known on Monday, May 13 after the close of markets. Leaders will hold a conference call the next day beginninat 8 a.m. central time to discuss the results. Mach Natural Resources LP is an independent …
Williams reports big growth in natural gas revenue
Williams Cos. had such a strong first quarter 2024, that it saw an 8% growth compared to the first quarter of 2023. The Tulsa-based company had adjusted EBITDA of $1.934 billion over the $1.795 billion recorded in the first quarter of last year. Earnings per share grew 5% from 56 cents last year to …
Allete sold in $6.2 billion deal to Canadian pension board
Two major wind farms in Oklahoma will be under new ownership under a multi-billion dollar deal announced this week. Allete Inc., based in Minnesota was just bought in a $6.2 billion deal by a Canadian pension board and an investment fund. Under the acquisition by Canada’s pension board and the large investment fund, Duluth-based Allete …
AG Drummond warns Congress EPA is going too far with a chemical list plan
Oklahoma Attorney General Gentner Drummond told a House Committee on Tuesday he has no intention of backing off the lawsuits he has filed against the Environmental Protection Agency. His pledge came as he testified before the House Committee on Energy and Commerce as it explored the EPA’s new rule on Risk Management Programs. “Unfortunately, …
EPA rolls out methane emissions rules against oil and gas industry
Even as a House Committee held a hearing this week into the EPA’s latest rule regarding chemical firms, the giant agency spread its influence with updated methane emissions reporting requirements for oil and gas operations. In Monday’s announcement, the agency asserted the final revisions will ensure grater transparency and accountability for methane pollution from …
One Oklahoma family’s nightmare of an abandoned oil well
An Oklahoma family’s fight against abandoned oil wells and what it did to their farm…it’s the subject of an article by ProPublica. The story focuses on the small farm acquired by Stan and Tina Ledgerwood near Maysville and their nightmare in dealing with a former oil well. ProPublica investigated along with two other news …
Thousands without electricity power following night of tornadoes
Nearly 40,000 customers of utilities in Oklahoma were without power following Monday night tornadoes that danced around the state, including one that hit the northeast city of Barnsdale, killing one person. Most of those without electrical power were customers of Oklahoma Gas and Electric. By Tuesday afternoon, crews had already restored power to …
Energy briefs
** Fewer Americans today see climate change as a “very serious” problem than they did three years ago, according to a new survey released Monday. The Monmouth University poll, conducted on April 18-22 shows a 10-point decline in Americans who says climate change is a “very serious” problem, falling from 56 percent in September 2021 to 46 percent …
More workers are being let go at Tesla
Tesla isn’t finished with its layoffs. More layoff notices were sent out Sunday night as Elon Musk moves ahead with his plan to cut more than 10% of the company’s workforce. It marks the fourth straight week of layoff notices reported Business Insider. Click here for Business Insider