Earnings and income were down in the second quarter 2019 for OGE Energy Corp., the parent company of Oklahoma Gas and Electric Company. The company reported earnings of 50 cents per diluted share for the three months that ended June 30,2019 compared to 55 cents a share a year ago. OG&E, a regulated electric utility, …
With summer heat expected to top 100 degrees, electric grid operators are asking Texas residents to help ease power demand during peak times on Monday and Tuesday. The Houston Chronical reported that the Electric Reliability Council of Texas indicated that Lone Star State residents set another new record for weekend peak demand late Sunday afternoon. Statewide electricity …
Tulsa’s ONEOK Inc. has filed a prospectus to sell a series of notes. The company filed the preliminary prospectus on Monday with the Securities and Exchange Commission indicating it plans to sell notes due in 2024, 2029 and 2049. But the amount of notes due has yet to be determined by the company. The …
Houston’s Nine Energy Service, Inc. reported second quarter 2019 revenues of $237.5 million, net income of $6.1 million and adjusted EBITDA of $38.0 million. Second quarter basic earnings per share was $0.21. Heavily involved in STACK and SCOOP drilling activity in Oklahoma, the company’s second quarter 2019 adjusted net income was $8.8 million, or $0.30 adjusted …
Halliburton’s won a big drilling contract for deepwater development off the coast of Senegal. The Houston company said Woodside Energy awarded nine conditional contracts for drilling and completion services for SNE Field Development Phase 1 off the coast of the West African country. “The drilling campaign, which is due to start in late 2020 or …
A Tulsa federal judge has ruled a Michigan welding company does have a right to a jury trial to settle a multi-million dollar lawsuit against the Williams Partners company Transcontinental Gas Pipe Line even though the work contract included a trial waiver. U.S. District Court Judge Claire V. Eagan made her ruling in a suit …
The 10th U.S. District Court of Appeals in Denver has upheld a $60 million judgment against a New Jersey gas company and in favor of a Colorado gas supply company. The ruling came as a result of lawsuits filed concerning an 8-year contract for Antero Resources Company, headquartered in Denver, to deliver natural gas from …
A new report on CO2 emissions in Colorado makes a lot of ‘assumptions’ in predicting the impact of electric vehicles in the state. A new report commissioned by Community Energy, Inc. finds that electric vehicles, combined with accelerated coal plant retirements, can reduce Colorado’s CO2 emissions by 42 percent by 2040 relative to today’s levels while …
The Oklahoma Department of Environmental Quality (DEQ) has advised the Valliant Public Works Authority, located in McCurtain County, to inform residents and users of the drinking water to use water that has been brought to a full, rolling boil for at least one minute, bottled water, or water from another acceptable source for consumption, use …
During his return home for the August congressional recess, Oklahoma U.S. Rep. Markwayne Mullin has focused on energy-related issues with his constituents. In an enewsletter, he mentioned some of the energy groups he met with in recent days. “Our economy is booming. More than 6 million jobs have been created since President Trump took office …
