February 19, 2025 archive

Crude oil and OK energy stocks made gains on Wednesday

  Modest gains in crude oil prices were recorded Wednesday as prices for Brent and WTI remained near a one-week high. Oklahoma energy stocks also made a strong showing. Investors and traders remained worried about oil supply disruptions in Russia and the U.S. The market is still nervous about the outcome of peace talks to …

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DOGE cancellations hit 2 Oklahoma operations

  At least two closings of federal agencies or their buildings in Oklahoma are among those identified and carried out by DOGE, the Department of Government Efficiency and led by billionaire Elon Musk. One was a BIA office and the other a facility for the U.S. Fish and Wildlife Service. The DOGE website lists a …

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House Committee review of competitive bidding and eminent domain bills delayed till Thursday

Due to inclement weather, the committee will now meet Thursday, February 20 at 10:30 a.m. When:  Thursday, February 20, 2025 10:30 AM Where:  Room 206 Agenda: 1. Welcome and Introductions 2. HB2747 – Public utilities; definitions; owners; facilities; bids; evaluator; owner; facility; intent; effective date; emergency. – Caldwell (Trey)* 3. HB2751 – Facilities; Corporation Commission; generation facility; competitive bids; …

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Increased earnings for OGE Energy Corp.

  Increased utility bills in the past year helped OGE Energy Corp., the parent company of Oklahoma Gas and Electric Company to obtain earnings of $2.19 per diluted share in 2024, compared to $2.07 per diluted share in 2023. OG&E, a regulated electric company, contributed earnings of $2.33 per diluted share in 2024, compared to earnings …

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Record cold weather? No, not in Oklahoma

  Just as we thought we experienced record cold weather and extreme low temperatures in the state, Gary McManus, Climatologist with the Oklahoma Mesonet had to go and ruin things. He reminded us of the cold weather we had in January when the actual air temperature dropped to minus-17 in the Panhandle. And as a …

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Weather delays state Broadband project launching

  Leaders of the Oklahoma Broadband Office and internet providers won’t be gathering Friday as planned for the launching of service in five east central Oklahoma Counties. The severe cold weather, ice and snow prompted the Office to announce the Friday ceremony has been rescheduled to April 18 in Konawa. The ceremony was planned for …

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ROFR wins initial legislative support in Iowa

    ROFR is alive and well in Iowa where an Iowa House Commerce Committee voted this week in support of a bill giving utility companies the right of first refusal in construction of new transmission projects. House Study Bill 123 was proposed by Iowa Gov. Kim Reynolds and won approval in committee on a …

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Colorado oil and gas company can’t escape $2 million in fines

  No only “no” but “hell no.” It wasn’t what a Colorado judge recently said in a ruling against a Denver-based oil and gas company facing nearly $2 million in fines over operations of its 1,200 wells, but the effect strongly suggested it. Denver District Court Judge Andrew Luxen not only rejected K.P. Kauffman’s efforts …

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Another electric transmission corridor fight is brewing

  Just as Oklahomans opposed a large electric transmission corridor across the northern stretches of the state, a similar corridor that would cross a small portion of theOklahoma Panhandle and in two other states is facing opposition. Oklahoma’s fierce opposition resulted in the Delta-Plains National Interest Electric Transmission Corridor being cancelled by the federal government …

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Oklahoma defense contractor gains from new defense department project

The nation’s $3.5 billion overhaul of the U.S. Navy’s nuclear submarine communications system means good news for one Oklahoma City company. Defense contractor Long Wave Inc. will triple in size as a result of the massive program, reported the Journal Record.  Long Wave’s chief marketing officer, Chris Lozano said the company is attempting to hire …

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