St. Louis gas utility Spire Inc. faces a possible stoppage of its pipeline through Illinois and Missouri after the U.S. Supreme Court on Friday rejected the company’s stay request to continue operating. At issue is a lower court ruling against Spire’s 65-mile $285 million STL Pipeline which opened in November 2019. The court ruled …
3Q financial report coming from Cactus
Another Texas energy company with operations in Oklahoma, Cactus, Inc. plans to release its third quarter 2021 earnings report in a few weeks. The House-based company announced it will make the information available to the public after the close of markets on Wednesday, November 3. The release will be followed by a conference call …
Historic changes are coming to the Texas energy industry
A report by the Federal Reserve Bank of Texas suggests the state’s economy will continue to do well in the coming decades even with a possible and likely long-term decline in the state’s oil and gas sector. But changes are definitely coming to the state’s energy industry. The bank stated in its assessment report …
Coal fired power plants will still be around in 2050
If the prediction of the U.S. Energy Information Administration is accurate, most of the electricity generated in this country through the next 30 years or so will come from renewable resources–especially solar and wind power. But don’t think coal will be gone by then. The EIA expects certain regions of the country will still …
Duke Energy-backed Southeast energy market moves forward including Oklahoma
The Federal Energy Regulatory Commission remains deadlocked on Duke Energy’s proposed Southeast Energy Exchange Market which includes parts of Oklahoma and 10 other states. But the market is being allowed to start operations because FERC could not decide whether to reject the plan or approve it reported the Charlotte Business Journal. Click here for …
$2.8 billion gas plant proposed for North Dakota
A Canadian energy company wants to build North Dakota’s first factory designed to turn natural gas into liquid fuels. It is a proposed $2.8 billion project that could go a long way in reducing the amount of natural gas flared in the state. The Associated Press reported the state approved a $3 million loan …
US crude prices reach 7-year high
As the International Energy Agency predicts increased oil demand by 2022, oil prices responded Thursday with a 1% increase. It also came after Saudi Arabia dismissed calls for more OPEC+ supply. West Texas Intermediate crude for November delivery rose 87 cents to settle at $81.31 a barrel, another seven-year closing high. Global benchmark Brent …
OKC’s Oil and Gas Expo another success!
After 2020 and the COVID-19 impact, this year’s SOER Oil and Gas Expo at the state fairgrounds in Oklahoma City proved to be well attended. It was the 24th event sponsored by SOER and the OERB and for some first-time visitors, they were surprised at the nearly 180 exhibitors and what they presented at …
OK Secretary of State says Biden’s energy policies are only hurting consumers
On the day President Biden asked energy companies to lower their prices, one Oklahoma leader was critical of the administration for its anti-oil and gas policies. “There’s consequences for the actions of the Biden administration,” said Secretary of State Brian Bingman in an interview with reporters after he spoke at the SOER Oil and …
Higher natural gas prices expected through the winter
U.S. natural gas prices likely to remain elevated through the winter. That’s the headline in the announcement from the U.S. Energy Information Administration and for natural gas users in Oklahoma and other states where the winter will be cold as usual, it isn’t the best of news. In short, if you use natural gas …
