Unit Corporation reports stronger third quarter revenues After the sale of its drilling division last month for $120 million, Unit Corporation in Tulsa released its third quarter earnings report showing an 11% increase in revenues. Additionally, this signals continued revenues growth momentum even while the firm shifts away from owned drilling assets. Unit said the …
SandRidge Energy posts strong quarter with higher production
SandRidge Energy reports another strong quarter Leadership at SandRidge Energy called it “another strong quarter” as the Oklahoma City energy company showed third quarter net income of $16 million or 44 cents a share. Additionally, Oklahoma Energy analysts track these ongoing quarterly improvements closely since they reflect sustained operational uplift rather than one-time pricing spikes. …
AEP to replace 353 miles of aging power lines
AEP Transmission upgrades launch major Oklahoma rebuild cycle AEP Transmission Co. obtained a $1.6 billion loan guarantee in October from the U.S. Department of Energy’s Loan Programs Office to upgrade nearly 5,000 miles of transmission lines in five states, including Oklahoma. Additionally, Oklahoma Energy analysts note this marks one of the most aggressive federally-backed infrastructure …
Oil group fights OGE battery project
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 …
Dry conditions spread in Oklahoma with no rain in sight
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 …
EIA data shows new wells offset declines in Lower 48
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’s 3Q—“best results of the year” according to CEO
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 leaders confident of need for natural gas
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 …
Energy Brief: Amazon, China COP30, Russia refinery
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 …
OGE’s CWIP request delayed by regulators
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 …