The Kiamichi River in Southeast Oklahoma is drawing more attention in the legislature—especially in light of the hydroelectric power project proposed by a Texas firm. Reps. Eddy Dempsey, R-Valliant, and Justin Humphrey, R-Lane, will hold an interim study next week on the Kiamichi River in Southeast Oklahoma before the House and Natural Resources Committee. Humphrey …
October 2024 archive
Increased 3Q revenues reported for NextEra Energy
When NextEra Energy’s president said the third quarter revenues were strong, he wasn’t kidding. With Oklahoma wind farm operations adding to its revenue, NextEra Energy, Inc. reported third quarter net income of $1,852 billion or 90 cents a share….up from the $1.219 billion and 60 cents a share reported in the third quarter of …
Shortage of court reporters hits Oklahoma Corporation Commission
A shortage of court reporters prompted the Oklahoma Corporation Commission to announce a change in some of its court hearings. The Commission announced recently that because of the “ongoing nationwide court reporter shortage” it would use courtroom technology assistance in lieu of a court reporter for some of the “uncontested” hearings held in Oklahoma …
Osage Nation inks deal with feds to find undocumented abandoned wells
The Osage Nation in Oklahoma was one of two Indian tribes that joined the Department of Energy this week in a program aimed at locating undocumented abandoned oil and natural gas wells. The Osage and Navajo Nations signed memorandums of understanding with the U.S. Department of Energy’s Office of Fossil Energy and Carbon Management, …
Wyoming joins Oklahoma in disappointment over Supreme Court EPA decision
Wyoming, one of the states that joined Oklahoma in challenging the power plant rules of the U.S. Environmental Protection Agency, isn’t happy as well about a Supreme Court decision last week against the request for an emergency stay of the rules. In all, 24 states asked for the stay and because of the Supreme …
Arkansas regulators shut down AG’s attempt to renegotiate settlement of Summit Utilities’ big rate hike request
A report by Arkansas Business indicated the Arkansas Public Service Commission ruled this week against Attorney General Tim Griffin in a controversial rate hike proposed by Summit Utilities. At the same time, Summit’s fuel costs in Oklahoma are before state regulators. The Commission determined that Griffin could not renegotiate a settlement agreement he had …
Gulfport to release 3Q earnings report in early November
Will Gulfport Energy Corporation make a turn-around in its coming quarterly financial report? It’s the question raised as the Oklahoma City energy firm plans to release its third quarter earnings report following the close of markets on Tuesday, Nov. 5. Company leaders will follow the release with a teleconference and webcast to discuss the …
Baker Hughes recorded a drop in earnings from 2Q to 3Q
Baker Hughes reported a drop in earnings for the third quarter from the second quarter showing revenue of $6.9 billion, but it was an increase of 4% from a year earlier. However, the quarterly decline totaled 3%. Its adjusted EBITDA was $1,208 million which was 23% more than the previous year. The firm’s attributable …
Deadline close at hand for schools seeking school bus replacement money
The Oklahoma Department of Environmental Quality is reminding school districts of an approaching Nov. 1 deadline for those seeking funds to replace their diesel or gasoline-powered school buses. The Clean Diesel/DERA FY23-24 program will offer at least $331,700 but it could also be as much as $1,305,000 if expected additional federal funding is granted. …
Energy briefs
** Dozens of U.S. Representatives from both political parties urged the Biden administration to toughen sanctions on Russian oil shipments and questioned an exception issued to the world’s largest oilfield company SLB to operate in the country. ** General Motors will invest $625 million to partner in developing a lithium mine in Nevada that will help …
