Oklahoma Corporation Commissioners will do a first this week with two commissioners meeting remotely from the agency’s Tulsa office and the third remaining at the Oklahoma City meeting site. The Wednesday meeting set for 1:30 p.m. will see Commissioners Kim David and Brian Bingman participating in the meeting from the District 1 Tulsa Field …
May 2025 archive
ONE Gas makes offering of 2.5 million shares
ONE Gas, Inc. is planning to make a public offering of 2,500,000 shares of its common stock. In connection with the offering, ONE Gas intends to enter into a forward sale agreement with JPMorgan Chase Bank, National Association, referred to in such capacity as the forward purchaser. In connection with the forward sale agreement, …
Behind the meter bill sent to Governor
Rep. Brad Boles, R-Marlow, has secured final passage of Senate Bill 480, legislation that allows private industry to develop and manage their own power solutions “behind the meter”. The bill will open the door for billions of dollars for new economic development across Oklahoma. “I am proud that the Legislature has come together to …
WhiteHawk Energy secures $187 acquisition of PHX Minerals Inc.
It took nearly two years but Philadelphia-based WhiteHawk Income Corporation has finally succeeded in acquiring Fort Worth-based PHX Minerals Inc. and as a result will have more than 10,000 operating wells across the U.S. In an all-cash deal involving WhiteHawk offering $4.35 per share and worth a total value of approximately $187 million, it …
Break-even point differs for oil producers in US and Canada
When it comes to falling crude oil prices, the break-even point is becoming more and more critical to many oil and gas producers. But what is the break-even point? $60? $65? Or even higher? It depends where the oil and gas exploration is taking place, as pointed out in a recent article …
Helmerich and Payne releases 2Q earnings
Helmerich & Payne reported second quarter earnings of 2 cents a share and missed the 65 cents a share estimated by analysts. A year ago, the Tulsa firm’s earnings were 86 cents a share a year. It means the company per share earnings were down nearly 97%. Still, Helmerich & Payne posted revenues of …
Crude oil finished up 2% on Friday and 4% for the week
Crude oil prices gained about 2% on Friday and Oklahoma energy stocks recorded positive gains as well. It was the first weekly gain for crude oil since the middle of April and came about as a US trade deal with the United Kingdom produced optimism about investors. Both Brent and WTI finished up …
PSO announces Teacher Vision grants
Greenhouses for 3rd graders at Oologah Upper Elementary, a weather lab at Ketchum Middle School, and racing drones for Bixby High School students are just some of the projects funded by 2025 AEP Teacher Vision Grants, Public Service Company of Oklahoma (PSO) announced. The 24 American Electric Power (AEP) Teacher Vision grants …
Oklahoma highway projects to be funded by $275 million in bonds
Within the Oklahoma State Treasurer’s Office is the Oklahoma Capitol Improvement Authority (OCIA), which took official action with financing a $275 million infrastructure package in partnership with the Oklahoma Department of Transportation (ODOT). Approved earlier this year by the OCIA Board as authorized by the Legislature, the bond financing will fund major transportation improvements across …
Senators file legislation to lower broadband costs such as those in Oklahoma
U.S. Senators Markwayne Mullin (R-OK), Mark Kelly (D-AZ), Mike Crapo (R-ID), and Kevin Cramer (R-ND) introduced the Lowering Broadband Costs for Consumers Act of 2025 to direct the Federal Communications Commission (FCC) to require proper contributions to the Universal Service Fund (USF) from edge providers and broadband providers. Requiring edge providers to cover associated costs for …