Baker Hughes had a strong second quarter with $623 million in adjusted net income, an increase of 22% from the previous quarter and 10% more than a year ago, largely because of improved productivity. Adjusted earnings per share totaled 63 cents beating the estimate of 55 cents from analysts. The company also declared …
For the third consecutive trading day, crude oil prices dropped again on Tuesday while Oklahoma energy stocks reversed Monday’s disastrous losses. Fading hopes for a trade deal between the U.S. and Europe prompted the drop in crude oil prices, leading some to speculate of a coming economic slowdown in the world’s largest oil …
Oklahoma Corporation Commissioners will meet Wednesday to consider an OGE rate hike withdrawal request stemming from a new law the regulators did not support in the most recent legislative session. SB998, which became law without the signature of Gov. Kevin Stitt, prompted Oklahoma Gas and Electric to withdraw its original request for a …
Customers of Evergy Kansas are bracing for another nearly 10% hike in their monthly electric bills, possibly on top of a previously approved 9% jump. A settlement agreement was recently reached for a 9.6% increase in residential base rates and all it needs to become official is approval of the Kansas Corporation Commission. …
Oklahoma is among 36 states across the U.S. with tax incentives to companies building data centers. Some are conservative, such as Oklahoma. Others are liberal. But they all have the same intention of attracting new business and economic wins. However, as OK Energy Today has reported over the past several months, there is also …
Under the Trump administration, any more solar and wind energy projects proposed to be built on federal lands and waters first have to get the stamp of approval from Interior Secretary Doug Burgum. His personal approval. It means, according to documents obtained by Politico that it means there will be increased scrutiny of the projects but …
The North Dakota State Supreme Court has ruled in favor of Oklahoma City-based Continental Resources in a ltwo-decade long court fight over the company’s installation of oil and gas facilities on one landowner’s property. Continental Resources, a major oil and gas operator in the state, was sued by John and Stacy Bang after …
The spread of data centers and the need for more electrical power to feed the AI industry has the attention of a lot of observers and not just in Oklahoma. Just last week, hundreds of lawmakers, business leaders and state and federal energy officials gathered in Missouri to discuss how to meet the …
Attorney General Gentner Drummond is fighting to protect Oklahoma’s vital energy sector and economic sovereignty from overreaching lawsuits. Drummond joined 25 attorneys general in filing a brief with the Supreme Court of Maryland opposing lawsuits that seek to impose massive liability on energy companies based on climate change allegations. The brief urges dismissal of three …
Governor Kevin Stitt is highlighting new data pointing to continued economic growth across the state, citing increased tax revenues, a strong labor market, and a high credit rating as signs that his administration’s fiscal policies are working. “This is what happens when you keep your fiscal house in order,” Stitt said. “Because we’ve cut taxes, …
