The CWIP or Construction Work in Progress request of Oklahoma Gas and Electric isn’t going anywhere with the Oklahoma Corporation Commission—-at least for the next week. Regulators considered a vote on the controversial move that would have put construction project costs on the backs of ratepayers for the next several years while the …
Oklahoma City’s Gulfport Energy is going full-steam ahead in its natural gas exploration of the Marcellus shale play, as indicated in the firm’s third quarter financial results. The company cited $111.4 million of net income and $213.1 million of adjusted EBITDA during the quarter. It also generated $209.1 million in net cash from operating …
Oil Prices fall on inventory surge Crude Oil Prices dropped more than 1% in trading on Wednesday and in part, because of a buildup of U.S. crude oil inventories. However, traders viewed that inventory spike as material supply pressure and not noise. Oklahoma Energy analysts warn that rising U.S. storage elevates short-term glut risk conditions …
Oklahoma Corporation Commissioners recently ended their several week long stretch of not holding closed-door meetings as allowed by a nearly year-old law. In a filing made this week, (October 4) the Commission revealed the meeting was held on Wednesday, October 29. All three commissioners, Kim David, Todd Hiett and Brian Bingman were in attendance …
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 …
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 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 …
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 …
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 ** 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. …
