Colorado’s attorney general is giving thought to getting into the court fight over a train that would carry oil from Utah and across Colorado and eventually to the Cushing hub in Oklahoma and southward. The Uinta Basin Railway project has gone before the U.S. Supreme Court after a federal appeals court ruled against it. …
(SPP’s Casey Cathey explains potential high-voltage solutions in the Permian Basin. | © RTO Insider LLC) Details are slowly coming out about the Southwest Power Pool plans to build 300 miles of extra-high-voltage transmission lines in the Permian Basin to help its grid handle expected “extreme” load growth. Oklahoma is a member of the SPP …
Despite a more than $26 million net loss in the second quarter of 2024 and strong challenges from fluctuating natural gas prices, Gulfport Energy Corporation says it plans to engage in more acquisitions in the Marcellus and move ahead with strong exploration plans. The Oklahoma City company reported $54 million in adjusted net income …
** Navajo Nation tribal President Buu Nygren issued an executive order banning the transportation of uranium ore from the Pinyon Plain Mine through reservation property in Arizona. ** The Environmental Protection Agency (EPA) announced an emergency order Tuesday to remove from the market a pesticide linked to fetal damage, its first such action in nearly four …
With a second quarter all-time high production of oil, Oklahoma City’s Devon Energy’s second quarter financial report glowed with net earnings of $844 million or $1.34 a share—far better than the $596 million and 94 cents a share in the first quarter of the year. The company had core earnings of $885 million and …
On a day when crude oil prices rose higher in Tuesday’s trading, some Oklahoma energy stocks did the same with one state utility soaring 12%. The day of gains came a day after painful losses by energy stocks when the stock market took a hit on Monday. What happened? Experts say investors focused on supply …
It’s one of those “good news” “bad news” type of situations when it comes to what the U.S. Energy Information Administration predicts about electricity prices. On the one hand, the EIA came out this week with a prediction that U.S. residential electricity prices will increase by about 1% in 2024. That’s the bad …
ONE Gas reported a drop in second quarter net income compared to a year ago. The Tulsa-based company said its net income for the year is also below what it recorded last year. It is still waiting on rate hike decisions before regulators in Oklahoma, Kansas and Texas. The 2024 net income was …
ONEOK reported this week it had higher second quarter earnings of $780 million in net income or $1.33 per share. It also had adjusted EBITDA of $1.6 bilion. “Strong financial and operational performance during the second quarter, supported by record Rocky Mountain region volumes on our system and acquisition-related synergies, provide momentum heading …
( Photographer: Eddie Seal/Bloomberg) According to the Energy Workforce & Technology Council in Houston, the July jobs report showed the staying power of the oil and gas services sector. The report indicated the oil and gas services sector supported 647,559 jobs and had a loss of 201 jobs from June. The numbers are based on …
