Mammoth Energy Services saw an 80% jump in its fourth quarter revenue, shooting up to $102.9 million from $57.2 million recorded a year earlier. It also managed a turnaround from a loss of net income in 2021. For the year, the Oklahoma City-based company saw total revenue of $362.1 million, a gain of 58% …
February 24, 2023 archive
ONE Gas sets date for annual shareholders meeting
The annual meeting of shareholders of ONE Gas, Inc. has been set for Thursday, May 25. The company said the 2023 meeting will begin at 9 a.m. Central Daylight Time and be audio webcast at the ONE Gas website, www.onegas.com. The record date for determining shareholders entitled to receive notice of the meeting and …
Critical questions of utilities’ fuel costs raised again by Corporation Commissioner Anthony
Oklahoma Corporation Commissioner Bob Anthony is raising more questions about the 2021 fuel costs of Oklahoma Natural Gas (ONG), Oklahoma Gas & Electric, and Public Service Company of Oklahoma (PSO). While he has yet to get the support of fellow commissioners Todd Hiett and Kim David in his challenge of the costs, Anthony made a new filing in the …
Ovintiv adds to Canadian County wells
Ovintiv added two more wells to two single-pad sites in Canadian County making combined oil production on the Divide Clark wells to be more than 2,400 barrels a day. The fourth well, the Divide Clark 1406 5h-21xx, drilled on the same pad at 16 14N 6W , a site about 9 miles southeast of …
Oklahoma energy stocks rose with crude oil price gains
Crude oil prices rose again on Friday for a second day of gains and Oklahoma energy stocks had an equally strong day. Oil prices had a strong 1% gain due to growing prospects of lower Russian imports. The day’s trading saw West Texas Intermediate crude for April delivery, gain 93 cents or 1.2% to …
AG Drummond sides with utilities in long-term storm costs paid by consumers
“I don’t think it’s the role of the attorney general to dictate to the utilities on how they consume or purchase their fuel.” Oklahoma Attorney General Gentner Drummond. If critics of the Oklahoma bond securitization Act that allowed utilities to force consumers to pay 2021 Winter Storm Uri costs over 25 to 28 years …
Rig numbers declined in Oklahoma and the US in the past week
The nation’s number of oil and gas rigs actively drilling for new energy dropped in the past week as did the number in Oklahoma. The U.S. rig count, according to Baker Hughes Co., declined by 7 last week, falling to 753. The decline of 7 was all oil rigs as the national count fell …
Arkansas EV truck maker to begin sales in Oklahoma
Electric trucks made by an Arkansas manufacturer will soon be available in showrooms in Oklahoma and 7 other states. Envirotech Vehicles, Inc., maker of new zero-emission purpose-built electric vehicles announced a partnership with Strategic EV Solutions to provide the vehicles for showrooms in Arkansas, Texas, Oklahoma, Tennessee, Louisiana, Mississippi, Alabama and Florida. Phillip Oldridge, …
ROFRs—are they good for Oklahoma electricity consumers?
The debate is expected to swell soon in the Oklahoma legislature over a growing issue—Right of First Refusal. ROFRs as they are commonly called are being urged by some state legislators. ROFRs would allow existing electricity-grid operators from refusing competitive bidding for expanded transmission projects. Those projects are ballooning across the nation as the …
Update on bill to restrict HOAs from banning residential solar panels
A bill in the Oklahoma legislature to end housing restrictions against residential solar panels is still alive. HB1023 by Ardmore Rep. Tammy Townley was assigned to the House Utilities Committee which has yet to consider the measure. As OK Energy Today reported earlier in February, Townley’s bill was fashioned after a bill passed in …
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