PEMA Professional Energy Marketers Association
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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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, …
Read More »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 …
Read More »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 …
Read More »Management firms show their ownership in Oklahoma energy companies
Some recent filings by Oklahoma energy companies with the Securities and Exchange Commission reveal percentage of shares owned by investors. Mammoth Energy filed a report showing Wexford Capital L.P. held 22,566,238 shares or 47.07% of the company’s total shares. Wexford is headquartered in Greenwich, Connecticut and has more than …
Read More »Crude oil finished the week up 6%
Crude oil prices finished not only higher on Friday but also finished the week with a 6% gain from the previous week, thanks to growing concerns about Middle East oil supplies. West Texas Intermediate crude rose 62 cents or 0.8% to settle at $76.84 a barrel. Brent crude went up …
Read More »Nation’s rig count grew while Oklahoma declined
While the nation saw a gain in the number of oil and gas rigs, Oklahoma’s count slipped by one in the past week, according to the latest rig count released by Baker Hughes Co. on Friday. The national count saw a gain of 4 rigs to reach 623. The …
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