Waste disposal and management giant, Waste Management Inc. announced plans to invest $825 million in expansion of its renewable natural gas infrastructure with more renewable natural gas plants in Oklahoma City and Springdale, Arkansas. Both should be online later this year reported Biomass Magazine. Click here for Biomass Magazine
Headlines of other energy stories
** Growth in natural gas production in the biggest producing regions in the United States is on the decline due to the lack of sufficient pipeline network, as prices soar at home alongside a major uptick in LNG exports destined for gas-thirsty Europe. ** MPLX LP on Monday said it would move forward with the expansion of …
Senators urge Biden to end solar panel investigation
Calling it a bipartisan letter, Democratic U.S. Senators wrote the President this week urging him to bring a fast end to the Administration’s investigation into solar panels imported from Asia, a probe that already caused widespread delays and cancellations of solar projects in the U.S. In reality, the letter, signed by 19 Senators included …
Hedging losses hurt some oil and gas companies
Bloomberg reports some U.S. oil and gas companies would have even higher windfall profits this quarter had it not been for hedging losses. Click here for Bloomberg
Former Chesapeake Energy exec picked to head Denver energy company
Former Chesapeake Energy Senior Executive Vice President Chris Doyle was named this week the new President and CEO at Denver-based Civitas Resources. He joins Civitas after serving as President and CEO of Primexx Energy Partners and leading a comprehensive transformation of the privately held Delaware Basin company. From 2016 to 2020, Mr. Doyle served …
Natural gas demand drives big 1Q earnings for Williams
The first quarter earnings reported by Williams Cos. were strong enough, net income of $379 million or 31 cents a diluted share, the company raised its guidance for the remainder of the year. Adjusted net income was $499 million or 41 cents a diluted share, an increase of 16 % and 17% respectively compared …
$1 billion net earnings for Devon in 1Q–record high dividend
Devon Energy’s first-quarter earnings report was so strong with $1 billion in net earnings or $1.48 per diluted share that the Oklahoma City-based company announced a 27% increase in its quarterly dividend along with another share buyback plan. Its production growth in the Delaware Basin drove the first-quarter financial performing as operating cash flow …
Crude oil prices bounced back on Monday while OK energy stock trading was weak
A rebound from steep losses after China’s manufacturing activity dropped to a six-month low in April resulted in oil futures clinging strongly above the $100 level in Monday’s trading. COVID-19 lockdowns in Shanghai resulted in the weekend drops but by day’s end on Monday, prices rose. West Texas Intermediate crude for June delivery settled …
Mullin chides John Kerry for his criticism of natural gas industry
An amended statement by John Kerry, the Special Presidential Envoy for Climate who recently put the natural gas industry on notice, didn’t appease Oklahoma Congressman Markwayne Mullin. He took the former Democratic U.S. Senator to task for his recent attack on the natural gas industry, telling him in a letter this week that he …
Rep. Lucas against climate change solution mandates
Oklahoma Congressman Frank Lucas cautioned a House Committee about cutting natural gas production in the name of what he labeled as “misguided” climate change solutions. His warning came at a recent House Committee on Science, Space and Technology hearing entitled “Now or Never: The Urgent Need for Ambitious Climate Action.” “Now, more than ever, we can …
