Williams announced it has completed its acquisition of Sequent Energy Management, L.P. and Sequent Energy Canada, Corp. from Southern Company Gas. The acquisition, announced in May, accelerates Williams’ natural gas pipeline and storage optimization and marketing growth and increases the Tulsa company’s gas pipeline marketing footprint to over 8 Bcf/d, with expansions into new …
Board makeup changes at Cheniere Energy
A change in the makeup of the board of directors at Cheniere Energy, Inc. was announced Thursday as two new members joined the leadership and one left the board. Patricia K. Collawn and Lorraine Mitchelmore joined the board as independent directors effective on Thursday. Collawn is the Chairman, President and Chief Executive Officer of …
$75 a barrel oil in the US and even higher in Europe
Rising crude oil prices in the US and in Europe carried Oklahoma energy stocks along with them for the ride in Thursday’s trading. West Texas Intermediate crude for August delivery finished up $1.76 at $75.23 a barrel. Global benchmark Brent crude oil for September delivery went up $1.22 and settled at $75.84 a barrel …
Helmerich and Payne to release quarterly earnings in late July
Investors of Tulsa-based Helmerich & Payne, Inc. will learn later this month whether the company has managed to stem the flow of losses. The drilling company plans to release its fiscal third quarter 2021 earnings report on Thursday, July 29 at 10 a.m. central time. John Lindsay, President and CEO will be joined by …
Highway improvements to be considered by ODOT commission
Due to the Independence Day holiday, the Oklahoma Transportation Commission’s monthly meeting is scheduled to take place at 11 a.m. Tuesday, July 6, in the R.A. Ward Transportation Building, 200 N.E. 21st St., Oklahoma City. Items to be addressed at the meeting: Secretary of Transportation and Oklahoma Department of Transportation Executive Director Tim Gatz …
2Q earnings report date announced by ConocoPhillips
ConocoPhillips will see if it can beat its $1 billion first quarter earnings when the company releases its second quarter 2021 financial and operating results on Tuesday, Aug. 3 at 11 a.m. central time. The company’s results will be released before the market opens on Aug 3. First quarter earnings, released in early May …
Survey shows regional economic growth
The economy in Oklahoma and 8 other Midwest and Plains states is growing at a strong pace according to the June monthly survey by Creighton University of business leaders and managers. For the twelfth straight month, the Creighton University Mid-America Business Conditions Index, a leading economic indicator for the nine-state region stretching from Minnesota …
Report shows large gain in rig growth in Anadarko Basin
A week after the Anadarko Basin in Oklahoma stood out for its large increase in rig activity, its numbers dropped according to Enverus Rig Analytics. But it still saw the biggest quarterly gain. The Austin, Texas company issued its weekly report on Thursday and reported the Anadarko added 16 rigs or 73% and finished the …
Iowa’s biofuel companies complain of US Supreme Court decision
Iowa biofuels firms voice their displeasure with last week’s U.S. Supreme Court ruling that was in favor of at least one southern Oklahoma refinery that objected to being forced to mandatory Renewable Fuel Standard blending. It was considered a major win for CVR Refinery at Wynnewood and others but in Iowa’s corn country where …
Energy news in brief
** Sono Motors, a German company making self-charging electric-vehicles, is giving Tesla a run for its money in terms of cash preorders for its flagship vehicle, and could soon go public. ** A North Dakota energy company agrees to buy the state’s largest coal plant in a deal that’s expected to save the 1,150 MW facility from closing. ** At …
