Thursday , April 18 2024

Energy News

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 …

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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 …

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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. …

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Opinion—LNG freeze fight won’t be settled before November elections

  While the Biden administration faces growing criticism from Republican and Democrat critics over its moratorium on some LNG shipments to Europe, some believe there won’t be a solution before the Presidential election in November. Further, one professor of Global Energy says the freeze on new LNG export approvals also …

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Canoo undergoes leadership changes on Board of Directors

  A change in leadership at Canoo Inc., the electric car manufacturer with a plant in Oklahoma City and a battery facility in Pryor. The company president Josette Sheeran has resigned from Canoo’s board of directors after holding the position since July of 2021. Another board member, Rainer Schmueckle also …

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Williams and its ‘sustainability’ efforts are recognized

  Williams was again recognized across several key rankings for sustainability leadership – including the Dow Jones Sustainability Index, S&P Global Corporate Sustainability Assessment and MSCI – for the company’s commitment to transparency and governance around climate change and other critical topics. Williams also received an ‘A-’ score on the …

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NGL Energy Partners saw drop in quarterly net income

  NGL Energy Partners LP saw its net income fall in the third quarter of Fiscal 2024. The Tulsa company reported net income of $45.8 million compared to $59 million for the third quarter of Fiscal 2023. Adjusted EBITDA was $151.7 million, down from $193.3 million a year earlier. Still, …

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Snow hits Oklahoma as highway crews go to work

  Snow started blanketing western Oklahoma Sunday morning while rain fell in other areas of the state. As the winter storm approached the state, Oklahoma City announced its street crews had made preparations ahead of the arrival of the storm. Trucks mounted with plows and salt spreaders were ready to …

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Could low natural gas prices lead to a production cut?

  As U.S. natural gas prices hit a three-year low this week, it prompted growing discussions and speculation that the gas industry should cut its prodduction. Prices are low because of a combination of things—a mostly mild winter and some recent LNG export plant outages. According to a report by …

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