Crude oil prices soared by 5% on Friday, thanks to a number of factors including the uncertainty of more interest rate hikes by the U.S. Federal Reserve and a looming EU ban on Russian oil. Oklahoma energy stocks recorded gains on the day too. West Texas Intermediate crude for December delivery shot up $4.44 …
November 5, 2022 archive
OGE announces scholarship deadline
From now until Feb. 15, 2023, Oklahoma and Arkansas high school seniors are encouraged to apply for the 2023 OGE Positive Energy Scholarship. With its administrative partner the Oklahoma City Community Foundation, OGE Energy Corp. Foundation awards this scholarship to three deserving students and provides them with $15,000 per year, renewable annually for up …
OGE’s parent company reports improved 3Q earnings
OGE Energy Corp. , the parent company of Oklahoma Gas and Electric Company reported earnings of $1.31 per diluted share during the three months ended September 30, 2022, compared to $1.26 per diluted share in the same period in 2021. OGE Energy’s net income was $262.8 million or $1.31 per diluted share in the third quarter, compared to earnings of $252.5 million or $1.26 per diluted share in the …
Something to think about when promoting electric vehicles
TV economist John Stossel is out with a column raising some critical points that politicians and advocates of electric vehicles aren’t considering. He argues that selling electric cars won’t reduce oil use very much at all according to the News-Messenger. Click here for News-Messenger
Rig activity gains recorded in Oklahoma and the U.S.
This week’s Baker Hughes rig report showed a gain in the number of oil and gas rigs in Oklahoma and across the U.S. Oklahoma’s count increased by one to a total of 67 rigs. A year ago, there were only 44 active rigs in the state. Nationally, the count, reported Baker Hughes, increased by …