With increased temperatures, another ozone alert was issued for Wednesday for the Oklahoma City metro area. The Oklahoma Department of Environmental Quality issued the alert late Tuesday afternoon with the assistance of the Association of Central Oklahoma Governments. This ozone alert is a prediction that concentrations of ozone will approach levels of concern over the next 24 …
August 6, 2024 archive
Bank survey shows Oklahoma and regional manufacturing at lowest level in 4 years
Days before the latest unemployment rate for the U.S. rose to 4.3% and the stock market suffered, the Kansas City Federal Reserve Bank released its regional factory index at its lowest level in four years in July. The Tenth Circuit Bank Survey includes Oklahoma and its showed the volume of shipments and employment levels …
Crude oil prices and OK energy stocks reverse course—make gains
On a day when crude oil prices rose higher in Tuesday’s trading, some Oklahoma energy stocks did the same with one state utility soaring 12%. The day of gains came a day after painful losses by energy stocks when the stock market took a hit on Monday. What happened? Experts say investors focused on supply …
What government forecasters predict about electricity prices
It’s one of those “good news” “bad news” type of situations when it comes to what the U.S. Energy Information Administration predicts about electricity prices. On the one hand, the EIA came out this week with a prediction that U.S. residential electricity prices will increase by about 1% in 2024. That’s the bad …
ONE Gas recorded weaker 2Q net earnings
ONE Gas reported a drop in second quarter net income compared to a year ago. The Tulsa-based company said its net income for the year is also below what it recorded last year. It is still waiting on rate hike decisions before regulators in Oklahoma, Kansas and Texas. The 2024 net income was …
Higher second quarter earnings for ONEOK—result of increased gas production
ONEOK reported this week it had higher second quarter earnings of $780 million in net income or $1.33 per share. It also had adjusted EBITDA of $1.6 bilion. “Strong financial and operational performance during the second quarter, supported by record Rocky Mountain region volumes on our system and acquisition-related synergies, provide momentum heading …
Oil and gas employment numbers held steady in July
( Photographer: Eddie Seal/Bloomberg) According to the Energy Workforce & Technology Council in Houston, the July jobs report showed the staying power of the oil and gas services sector. The report indicated the oil and gas services sector supported 647,559 jobs and had a loss of 201 jobs from June. The numbers are based on …
Sen. Mullin says voters shouldn’t forget attacks on oil and gas by Kamala Harris
As Vice President Kamala Harris picked her vice presidential running mate, Minnesota Gov. Tim Walz, Oklahoma U.S. Senator Markwayne Mullin said voters shouldn’t forget how the Biden-Harris administration led to the loss of U.S. energy independence. In his latest “Mullin it over” column to constituents, the GOP U.S. Senator declared that Americans are …
Williams reports higher earnings in 2Q
Williams came out this week with second quarter earnings of 43 cents a share which was more than the analyst estimate of 38 cents. It also had reported revenue of $2.34 billion, nearly 4% below the analyst estimate of $2.43 billion. Adjusted net income was $521 million and 43 cents a share and it …
Hiett faces another call to resign and call for investigation into his alleged drunken incident
Oklahoma Corporation Commissioner Bob Anthony is making another call for Commission chairman Todd Hiett to resign over the drunken-male groping incident reported in the past few weeks. He is also calling for replacement of Hiett as chairman by Corporation Commission vice-chair Kim David. Hiett refused last week to resign, contending his resignation would harm …
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