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AG defends utility, regulators and one-page audit
Oklahoma Attorney General Gentner Drummond called for an audit of spending by former Oklahoma Education State Superintendent Ryan Walters following his department, but at the same time has come out publicly defending a one-page audit of billions of dollars in bonds following the 2021 Winter Storm Yuri that hit the state four …
Crude oil prices steady after Tuesday’s trading—investors left wondering about OPEC+ increased production
Tuesday’s oil trading resulted in minor losses for both Brent and West Texas Intermediate crude. Analysts said the small changes in prices was because investors were still weighing the small increase in oil production by OPEC+ countries for November. They had originally expected the increase to be large and cause a potential …
OGE faces opposition over request to charge ratepayers for Construction Work in Progress
The move by Oklahoma Gas and Electric to use a controversial new law allowing ratepayers to be hit with higher charges to pay for energy projects under construction has some opponents. The utility is using the Construction Work in Progress aspect of SB998 which became law without the signature of Oklahoma Gov. …
State regulators to vote on OGE’s request to raise rates due to construction projects
A move by Oklahoma Gas and Electric to take advantage of a barely month-old new law that allows utilities to charge ratepayers while construction is underway on projects will go before Oklahoma regulators on Wednesday. The utility, hoping to seize on the prospects of SB998, the bill that became law without the signature …
Crude oil prices up 1% on Monday after OPEC+ didn’t increase output as much as feared
Crude oil prices rose 1% on Monday and Oklahoma energy stocks also entered positive territory after the OPEC+ November increase in output wasn’t as big as some feared. The increased production was considered “modest” according to some analysts who explained the production increase actually tempered concerns about oversupply worldwide. Reuters reported that on …
Rick Perry’s Fermi Energy IPO Raises $682 Million
Fermi Energy’s $682 Million IPO Fuels AI-Driven Energy Boom Former Texas Governor Rick Perry Leads Record-Setting Launch Former U.S. Energy Secretary and Texas Gov. Rick Perry helped launch one of the most successful energy IPOs of 2025. His company, Fermi Energy, raised more than $682 million in its public offering, marking a major milestone in …
Trump Cuts $2.2B Hydrogen Hub Funds, Impacting Energy States
Hydrogen Hub Projects Face Major Federal Funding Cuts Two years after Oklahoma, Arkansas, and Louisiana tried and failed to secure federal funding for their proposed HALO Hydrogen Hub, the federal government’s energy priorities are shifting once again. This week, the Trump administration announced that it will cancel a portion of the $7 billion in hydrogen …
Shutdown Threatens U.S. Oil and Gas Permitting
Industry Leaders Warn of Delays in Federal Energy Permitting If the federal government shutdown continues much longer, its effects could extend far beyond Washington, D.C. — and deep into the U.S. oilfields. Industry officials say the stalemate is already threatening to slow or halt the approval process for oil and gas drilling permits on public …
Energy taxes spotlighted in Senate Committee hearing
Sen. Boren Leads Study on Oklahoma’s Energy Tax Framework Oklahoma’s commitment to being an “all of the above” energy state took center stage at the state Capitol as Sen. Mary Boren (D-Norman) led a detailed interim study before the Senate Revenue and Taxation Committee. The focus: whether Oklahoma’s current energy tax structure equally supports its …
Oklahoma Rig Count Rises as Cana Woodford Adds Drilling Rig
Cana Woodford Rig Count Rises Oklahoma’s oil and gas industry showed signs of renewed activity this week. According to the latest Baker Hughes Rig Count, the Cana Woodford play added one active drilling rig, pushing its total to 19 rigs. The increase marks a small but encouraging gain for one of the state’s most active …