A growing list of critics of the Biden freeze of LNG ports and shipments includes Tm Tarpley, president of the Energy Workforce & Technology Council. Writing in the Washington Examiner, Tarpley made it clear what he thinks of the President’s move. “It has become increasingly clear this decision was a purely political calculation. The …
Chesapeake enters long term LNG contract
Chesapeake Energy Corporation just assured its growing stake in the world’s natural gas industry by signing an agreement that put the Oklahoma City energy company into the LNG export industry. Chesapeake announced Tuesday its subsidiairies, Delfin LNG LLC and Gunvor Group Ltd reached a deal that includes executed Sales and Purchase Agreements for …
Cole to Biden—LNG freeze doesn’t follow science
In opposing President Biden’s freeze on LNG shipments and projects, Congressman Tom Cole tells the President we all want an energy future that makes us safer and stronger, but “ceding American leadership to our adversaries won’t get us there.” Writing in a column to his constituents, the Republican Representative said Biden’s “Green New Deal” …
Energy quick reads
** At least two members of Congress are vying to become the top Republican on the House Energy and Commerce Committee. Reps. Brett Guthrie (R-Ky.) and Bob Latta (R-Ohio) are interested in replacing outgoing chair Cathy McMorris Rodgers (R-Wash.), who will retire from the House next year. ** The American Petroleum Institute filed a legal challenge …
Mammoth to release 4Q earnings on first day of March
Following a net loss in the third quarter, Oklahoma City’s Mammoth Energy Services, Inc. plans to release its fourth quarter earnings report on the first day of March and investors will be anxious to see whether financial improvements were made. Mammoth will ldisclose the 2023 fourth quarter and full-year financial results before the …
Democratic Senators accuse gas companies of overcharging consumers
Five U.S. Senators, described as “progressive” accused energy companies of deceiving the public with “green” gas and overcharging customers for projects that won’t help the climate. One of them is Sen. Elizabeth Warren, a Democrat from Massachusetts and a former Oklahoman. She and four others wrote a letter to federal regulators asking the Federal …
Crude prices made few changes in Monday’s trading
Following a 6% gain in prices last week, crude oil futures took a break on Monday and had little change while Oklahoma energy stocks recorded gains for the day. Concerns about interest rates and global demand were blamed for the stall in prices. West Texas Intermediate crude gained 8 cents or 0.1% to close at …
Increased oil and gas production forecast in March
A new report shows the government anticipates increased new well oil and gas production in most of the shale plays in the U.S. The Anadarko, the Bakken, Eagle Ford, Niobrara and the Permian Basin will see gains in both oil production and gas production from February to March. The U.S. Energy Information Administration reported …
Energy bills to be reviewed by House Committee on Wednesday
Several energy-related bills will be heard in committee this week at the Oklahoma State Capitol. They will be heard before the House Energy and Natural Resources Committee chaired by Rep. Brad Boles of Marlow. When: Wednesday, February 14, 2024 3:00 PM Where: Room 206 Agenda: 1. Welcome and Introductions 2. HB3193 – Water and water rights; …
Williams earnings report for 4Q to be released this week
Coming this week, the fourth quarter earnings report from The Williams Companies, Inc. Investment companies have raised the same question OK Energy Today brought up last month in announcing the Feb. 14 release of the earnings report—can the fourth quarter be as strong as the third quarter? The results will be released before the …