Sunday , April 28 2024

Energy News

WAPO joins criticism of Biden’s delay of natural gas projects

  The Washington Post joined Oklahoma’s congressional delegation in heaping criticism on President Biden for his decision last week to delay major natural gas projects that would lead to LNG shipments to European countries. “It’s an election-year sop to climate activists that will do much more to unsettle vital U.S. …

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BLM stops work on energy plan for New Mexico’s Chaco region

    The Bureau of Land Management carried out a move last month in New Mexico that left conservationists and environmentalists puzzled. The BLM abandoned work on a resource management plan in northwestern New Mexico’s historic Chaco region. The agency indicated that work on an update to the district’s Resource …

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Dividend announced by Williams Cos.

    Williams Cos. in Tulsa is continuing its historic run of dividends paid to shareholders since 1974. The company’s board of directors announced this week it approved a regular dividend of $0.4750 per share, or $1.90 annualized, on the company’s common stock, payable on March 25, 2024, to holders …

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How China’s economic problems caused crude oil prices to drop Monday

China’s ailing property sector fueled demand worries in Monday’s trading and as a result, crude oil prices fell more than a dollar a barrel. Oklahoma energy stocks were left mixed but a few firms dropped 5% to 7% in trading. Traders reported took another view of the supply risk premium …

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Tulsa’s Alliance Resource Partners has record year in coal production

    Ever since President Obama launched his war on coal, the nation expected coal companies to begin dying. Such is not the case for Tulsa-based Alliance Resource Partners, one of the largest Eastern US coal operators which reported this week record full-year 2023 total revenues of $2.6 billion. Released …

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Rep. Lucas and others launch probe of Chinese influence on American energy policies

  Is China really influencing U.S. energy and environmental policies? And if the communist country is, how so? It’s what Oklahoma Congressman Frank Lucas and other leaders of the House Energy and Commerce Committee want to explore. Lucas, along with Reps. Cathy McMorris (WA) who chairs the House Energy and …

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Gasoline prices on the increase again

    Heading into the past weekend, Oklahoma gasoline prices had risen six cents from the previous week to an average of $2.66 a gallon according to AAA Oklahoma. Oklahoma City prices were up nearly a dime from a prior week. The national average had risen a penny to $3.10 …

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AEP layoffs confirmed in 11 states

    AEP, the parent company of Public Service Company of Oklahoma recently laid off 270 workers in an 11-state region. It’s not believed many might have been let go in Oklahoma, according to the Oklahoma Office of Workforce Development. WCMH TV news in Ohio reported the majority of the …

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Oklahoma and US rig counts remain steady

  The most recent rig count from Baker Hughes showed Oklahoma’s activity held steady in the past week and the nationwide numbers increased by one to reach 621 active oil and gas rigs. The figures, released Friday, indicated Oklahoma was unchanged with 42 active rigs, still far below the count …

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Chickasaw Nation comes out for Performance Based Rating in Oklahoma

  Those opposed to the growing effort of the state’s major utilities to get the legislature to adopt a Performance Based Rates law might say the Chicksaw Tribal Utility Authority just added fuel to the fire. The Authority came out in support of the PBR issue, claiming it promotes “stability …

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