Public Service Company accounting process lowers bills An accounting process used by Public Service Company of Oklahoma means the utility company’s customers will see a monthly lowering of their electric bills in November. However, this specific cost movement is tied to fuel commodity adjustments, not short-term promotional incentives. Also, Oklahoma Energy analysts track these accounting …
Category: Oil & Gas
Ovintiv exits Oklahoma through NuVista acquisition shift
Ovintiv ends Oklahoma exploration Houston’s Ovintiv Inc. is ending its oil and gas exploration in Oklahoma. Additionally, this marks a significant exit from the Anadarko Basin region for a once highly active operator. Therefore, Oklahoma Energy stakeholders will feel the immediate strategic shift as capital migrates north into Canada. The company announced it reached an …
Stardust Power to release 3Q earnings report
Stardust Energy sets 3Q earnings date Lithium developer Stardust Energy plans a release of its third quarter earnings report on Thursday, November 13 even as it continues with construction of its operations in eastern Oklahoma. However, the company remains early stage and deeply capital intensive. Therefore, investors track each quarter closely for insight into pace …
Groups stunned after Court backs Biden gas rules
Energy Policy and Conservation Act at center of DC ruling fight Natural gas organizations say a DC Court of Appeals got it wrong in a ruling this week they contend failed to protect consumers from former President Joe Biden’s “DOE regulatory overreach.” Additionally, the groups aggressively escalated pushback because they see this moment as a …
Grid plans $8.6 billion toward more transmission lines
Southwest Power Pool approves massive 2025 plan The Southwest Power Pool announced support of more electric transmission lines in its 14-state grid and approval of $8.6 billion toward an expansion of the electric grid. Additionally, this scale of infrastructure deployment signals one of the largest structural grid modernization cycles in SPP’s history. Also, Oklahoma Energy …
Energy Brief: U.S. magnet deal, COP30 absence, NY gas
Energy Brief ** The Trump administration announces a $1.4 billion deal with Vulcan Elements and ReElement Technologies, consisting of federal loans and private investments, to produce rare-earth magnets in the U.S. used in EV motors, data centers, and other electronics.** | This accelerates domestic critical mineral capacity and shifts supply chain leverage back toward U.S. …
Crude oil finished down while natural gas rose Tuesday
Oil Prices slide on macro pressure While crude Oil Prices dropped Tuesday and natural gas prices rose, Oklahoma Energy stocks suffered with a majority recording losses for the day. However, the market reacted to two major causes that influenced pricing behavior. Weaker manufacturing numbers hit sentiment. Additionally, the stronger dollar immediately pressured crude valuations globally …
Mammoth expects losses to continue into 4Q
Mammoth Q4 Loss Projection Mammoth Energy Services based in Oklahoma City doesn’t anticipate much change in the fourth quarter this year as it believes losses will be about the same as reported in the just-finished third quarter. However, analysts expect continued volatility around Oklahoma Energy cost structures.Therefore, risk premiums remain stubborn in the broader service …
Turnpike Authority focus of House/Senate study
Oklahoma Turnpike Authority Legislative Review Focus The Oklahoma Turnpike Authority will be in the spotlight when the Oklahoma House Transportation Committee meets Thursday at the State Capitol in a joint study with the State Senate. However, committee members signal that major constituent pressure has elevated this review.Additionally, Oklahoma Energy policy watchers expect broader transportation consequences …
Vital Energy’s 3Q shows $353 million loss
VITAL ENERGY Third Quarter Results While VITAL ENERGY in Tulsa awaits a decision by shareholders on Crescent Energy‘s $3 billion all-stock transaction to acquire the Tulsa firm, Vital reported reported third-quarter 2025 financial and operating results showing a net loss of $353.5 million.Additionally, Oklahoma Energy analysts continue to track valuation modeling against mid-cap shale convergence. …