PEMA Professional Energy Marketers Association
World observer Peter Zeihan recently paid attention to the frigid weather that gripped the Midwest. For a while, many speculated that the electric grid in Texas (ERCOT) might not withstand last week’s cold spell. But it did and also caught the eye of Zeihan. “Governor Abbot introduced a …
Read More »Nation’s rig activity remained steady and Oklahoma’s count slipped
The nation’s rig count held steady in the past week with Baker Hughes reporting on Friday a growth of one rig to reach a total of 620. Oklahoma’s count slipped by one rig. The U.S. total included a loss of two oil drillling rigs to 497 while the number …
Read More »Oklahoma-based Loves Travel Stop and Country Stores chain is 60 years old
Sixty years. It’s how long Oklahoma-based Love’s Travel Stops & Country Stores have been in business. Starting from a single store in Watonga, the company founded by the late Tom Love and his wife Judy, has grown to 637 stores in 42 states. The 60th anniversary of the founding …
Read More »Generals tell Biden and EPA their EV push will only help China
President Biden’s war on oil and gas and his overwhelming support to spend billions of dollars promoting the electric vehicle industry just added more opposition—a coalition of 17 retired military officials, including several one, two and three-star officers. In a letter to Biden and the Environmental Protection Agency, the …
Read More »Devon Energy opens requests for DEI grants
Devon Energy has opened applications for its 2024 grants, dedicated to bolstering organizations that drive progress in diversity, equity, and inclusion (DEI) across its operational areas. “Devon seeks to help strengthen the communities where we live and work,” said Christina Rehkop, director of community relations for Devon. “The goal …
Read More »Crude down on Friday but still gained for the week
Friday’s crude oil trading resulted in a slight fall in prices but they were still ahead for the week. It appears Middle East tensions and disruptions to oil output countered growing worries about what China’s economy might do to oil demand. As for Oklahoma energy stocks, most recorded slight gains …
Read More »OGE says very few power outages occurred during frigid weather
In a cold weather update, OG&E indicated its customers experienced very few power outages in the most recent frigid weather that gripped Oklahoma. The utility said its system performed 99.96% of the time and onlly 2% of customers experienced an outage for a brief length of time before OG&E …
Read More »Nebraska moves quickly on canal project to move Colorado water
The more than 100-year fight over water between Nebraska and Colorado is moving into another stage as Nebraska is not letting dust gather on its plan to spend $628 million on construction of a major canal to move water from Colorado’s northeastern plains to reservoirs in western Nebraska. The …
Read More »NGL gets $700 million new loan facility and plans to release 3Q earnings
NGL Energy Partners LP and its subsidiary announced plans for a new seven-year $700 million senior secured term loan facility to use the funds to refinance existing debt. It also said it will release its third quarter earnings report in early February. Along with NGL Energy Operating LLC, it …
Read More »ONEOK earnings report to be released
ONEOK, Inc. announced it will release fourth quarter and year-end 2023 earnings after the market closes on Feb. 26, 2024. ONEOK’s executive management will participate in a conference call the following day. What: ONEOK fourth quarter and year-end 2023 earnings conference call and webcast When: 11 a.m. Eastern, …
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