Oklahoma Corporation Commissioners plan a regular meeting Thursday morning at the state capitol. Their meeting will get underway at 9:30 a.m. in the usual meeting room on the third floor of the Jim Thorpe Office building. As the agenda indicated, the commission will review its daily signing agenda docket and votes might be taken …
Increased oil production and cash for Devon in 2Q
Devon Energy on Tuesday reported that its second quarter earnings were so strong, the company’s board of directors approved a 49 cent a share dividend, a 44% increase over the previous quarter. How strong? How about $1.5 billion cash on hand after its operations. It came as Devon not only increased oil and gas …
Jump in revenue reported by ONEOK
Higher second quarter earnings were reported Tuesday by ONEOK, Inc. which said its net income of $342.1 million resulted in 77-cents per diluted share toping analysts predictions by 3 cents. The Tulsa-based firm’s net income was more than double the $134.3 million reported a year earlier. The company had a 50% increase in adjusted …
Arkansas utility wants rate hike approval
Arkansas regulators have been asked to approve a rate hike for customers of Southwestern Electric Power Co. The Northwest Arkansas Democrat Gazette reports if approved, it would mean a hike of more than $18 a month for a typical bill. Click here for Gazette report.
Deep Deuce development to incorporate solar energy
A resumed effort to finish the Deep Deuce housing development in northeast Oklahoma City plans to rely extensively on solar power as a means to create a “zero energy” neighborhood. The Oklahoman reported developers plan to incorporate solar energy in the region they call The Hill. Click here for The Oklahoman.
Report ranks Iowa first in renewable energy use–Oklahoma third
A report by the American Clean Power Association ranked Iowa number one in the nation for use of renewable energy sources while Oklahoma came in third nationally. The report stated that nearly 57.6% of electricity generated in Iowa came from renewable sources. No other state had more than half of its electricity come from …
Energy news in brief
** A trade group representing some of America’s biggest baked goods companies is urging the Biden administration to ratchet back its biofuel ambitions, arguing that using fuel made from crops could raise the cost of donuts, bread and other foods. ** Exxon Mobil Corporation’s investors are due to receive a payment of US$0.87 per share on 10th of …
Drillers finish more of their drilled but uncompleted wells
A report by Oil Price indicates what we’ve been showing in our reports of completions of wells in Oklahoma—that drillers have spent the past several months finishing their inventory of drilled but uncompleted wells. The overall drilling response in Oklahoma and other states has been slow but on the increase while the number of …
Floods and mudslides leave I-70 closed in western Colorado
“Indefinitely.” It’s how long Interstate 70 in western Colorado will be closed because of mudslides and flooding through Glenwood Canyon. Debris was left over the highway following mudslides and heavy rains on July 31, 2021. Click here for more from Out There Colorado
ONE Gas reports increased revenue in 2Q but still deals with February storm
ONE Gas saw increases in its second quarter 2021 net income and its year-to-date 2021 net income. But the Oklahoma-based company awaits February winter storm-related regulatory moves in the state and in Kansas and Texas. The company announced its quarterly financial results on Monday indicating second quarter net income was $30.1 million or …