CWIP request triggers new internal energy divide One of the groups that signed on in support of the controversial CWIP request by Oklahoma Gas and Electric Company to cover construction costs for added electric generation projects is also putting up a strong fight against one part of the utility’s request. Additionally, this dispute puts a …
Oklahoma Climatologist Gary McManus says Oklahoma is starting another dry spell and it’s already approaching two weeks. He pointed out this week, it’s also added to the spreading dry conditions in the state, as shown in the latest U.S. Drought Monitor map. The impact of the record-setting rains the state received in May and …
Data source: Enverus Note: Well vintage is the year a well first begins producing crude oil or natural gas EIA report: new wells offset steep decline rates As U.S. crude oil and natural gas production have increased, so has the volume of production declines from existing wells.Additionally, steep decline curves continue to reshape capital allocation across unconventional basins. …
Devon confident in 2026 outlook strength Clay Gaspar, President and CEO at Oklahoma City’s Devon Energy continued that the company’s outlook for 2026 “is even stronger than our current trajectory.”However, he said Devon plans to continue its production levels while further lowering capital requirements and building on momentum established this year.Additionally, management wants to extend operational …
Williams signals robust natural gas demand ahead With his company recording a 13% third quarter gain in adjusted earnings, Williams Cos. CEO and President Chad Zamarin could feel confident this week in telling a conference call there is a “very robust need” for natural gas across the entire footprint the company operates. Additionally, Oklahoma Energy …
Amazon power supply complaint ** Amazon files a complaint with Oregon regulators accusing PacifiCorp of failing to meet obligations to provide the tech giant’s data centers with sufficient power.Additionally, this signals growing strain between hyperscale load and regulated utility delivery as rapid data center buildout accelerates U.S. electricity demand. Georgia utility election backlash ** Georgia …
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 …
