PEMA Professional Energy Marketers Association
A $100 million bitcoin mining facility is going up in eastern Oklahoma. The 200 MW project at the Port of Muskogee Industrial Park is an operational data center to be built by Polaris Technologies, Inc. The firm called it “Project Bifrost” and described it as “One of the Biggest …
Read More »Groups urge Congress to overturn Biden’s LNG freeze
President Biden faces even more pressure from a growing number of groups to overturn his freeze on LNG ports and shipments. Among the latest–the Energy Workforce & Technology Council, the IPAA, the US Oil and Gas Association, Western Energy Alliance, the National Stripper Well Association, the Texas Alliance of …
Read More »Surge in crude stocks across U.S. and the Cushing Hub
A more than 12-million barrel jump in U.S. crude inventories sent crude oil prices plunging on Wednesday and crude stocks at the Cushing Hub in Oklahoma added to the surprising surge. U.S. inventories rose to 439.5 million barrels last week according to the U.S. Energy Information Administration. Analysts had …
Read More »$1 a barrel tumble by crude oil prices
Growing U.S. oil inventories sent crude oil prices sliding by a dollar a barrel in Wednesday’s trading. Investors fear the growing crude inventory could result in less demand for oil in the nation. West Texas Intermediate, the US benchmark, dropped $1.23 or 1.6% to settle at $76.64 a barrel …
Read More »Big quarter for Williams Cos.
What a quarter for Williams Cos. Sixty-percent increase in net income, 5% gain in adjusted net income, 24% increase in cash flow and an increased dividend. Results for the quarter that ended Dec. 31, 2023 were released early Wednesday showing net income of $3.273 billion or $2.68 per share, …
Read More »Williams CEO says Biden’s LNG freeze could “backfire” and result in more coal use worldwide
Could President Biden’s freeze on permits for US LNG export terminals harm the environment rather than help it as he and his environmental supporters claim? Williams Companies CEO Alan Armstrong thinks so and here’s how—it could bring about more coal use overseas. That’s what he told Reuters this week, …
Read More »Crude oil made gains while Oklahoma energy stocks tumbled
A few things resulted in gains on Tuesday in crude oil prices—the Middle East conflict, the war in Ukraine and the U.S. Fed is waiting longer to cut rates as inflation stays elevated. But Oklahoma energy stocks went the opposite direction—down. As a result, West Texas Intermediate crude rose …
Read More »Fighting foreign ownership, Kansas AG runs into fight with farm groups
Kansas Attorney General Kris Kobach wants to bar foreign nationals from owning 10 acres or more of land in his state, but he’s run into some power opponents…namely the Kansas Farm Bureau, Livestock Association, Agribusiness Retailers Association, Corn Growing Association and Soybean Association. Kobach came up with Senate Bill …
Read More »Special Thursday meeting of Corporation Commission
Oklahoma Corporation Commissioners will hold a special meeting Thursday at 10 a.m. to handle more rulemaking for some of its divisions. But it will also consider an unopposed settlement agreement posed by the Attorney General’s Office regarding a request by Arkansas Oklahoma Gas or AOG. AOG has proposed a $690,000 …
Read More »State House Committee to review retail electric supplier act
Voters in Oklahoma will be able to watch live coverage Thursday when the House Utilities Committee handles a measure focusing on electric service companies offering service outside their own service territories. Introduced by Rep. Trey Caldwell of Lawton, it is called the Retail Electric Supplier Certified Territory Act. His …
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