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, …
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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, …
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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 »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 »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 …
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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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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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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 …
Read More »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. …
Read More »The fracking fight in Colorado promises to heat up again this year as the state’s Democratic senators proclaim they plan to introduce a bill to ban new oil and gas drilling in the state by 2030. They further want to force companies to pay more to seal or plug …
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PEMA Professional Energy Marketers Association