Earnings grew higher for OGE Energy Corp., parent company of Oklahoma Gas and Electric Company. The corporation had increased net earnings for all of 2025, based on the financial results released this week. As a result, OGE Energy Corp saw earnings of $2.32 per diluted share for the year compared to $2.19 a share …
Damaging fires burned 155,000 acres in Oklahoma and more in Kansas
Oklahoma’s fire dangers remained high on Wednesday following devastating wildfires that torched 155,000 acres of land in the Panhandle and the Northwest part of the state. The fires burned in Woodward, Texas and Beaver counties and raced into southwest Kansas where the town of Ashland was evacuated. The Oklahoma Mesonet indicated things won’t get …
Clinton passes bill to safeguard Oklahoma electricity customers from unfair costs
Rep. Amanda Clinton’s bill to examine how data centers impact the state’s electric grid moves on to another House Committee after winning approval in the House Utility Committee on a 9-0 vote. The Tulsa Democrat authored HB 3392 will move next to the Committee on Energy and Natural Resources Oversight after getting initial approval last …
One data center bill fails in committee
A bill by Rep. Jim Shaw to put tighter restrictions on large load electrical customers, specifically data centers, died in the House Utilities Committee this week when a majority of committee members felt it was infringing on property rights. Members voted 2-6 against his HB3724, a measure that would have banned taxpayer-funded subsidies for …
Four percent jump in oil prices over slow-moving Iran-US talks
Geopolitics. They spurred a more than 4% jump Wednesday in crude oil prices. They rose largely because of continued talks between the U.S. and Iran and no agreement how to stop the buildup of arms and sabre rattling by Iran. Plus, there was the lack of a breakthrough in the peace talks between Ukraine and …
Petroleum Alliance blames legislature for loss of Expand Energy and Devon Energy HQs
Hey Oklahoma legislature……wake up! It’s the strong message delivered to the leaders of the state House and state Senate from Brook Simmons, president of the Petroleum Alliance of Oklahoma. He fired off a letter this week explaining that the decisions by Devon Energy and Expand Energy to move their headquarters to Houston, Texas and the …
Ovintiv is leaving Oklahoma’s Anadarko Basin with $3 billion sale of assets
Ovintiv Inc. is bailing out of Oklahoma’s Anadarko Basin. The Denver, Colorado-based company announced the sale of its Oklahoma assets for $3 billion to an undisclosed buyer. The sale included approximately 360,000 net acres which, according to the announcement, “represents substantially all of the company’s acreage in the play. Hours after the announcement, Ovintiv …
Final Supreme Court filing made by legislators challenging billions in winter storm fuel costs
On the fifth anniversary of February 2021’s Winter Storm “Uri,” appeals challenging more than $1.4 billion in bonds and $377 million in rate increases impacting the customers of electric utility companies OG&E and Public Service Company of Oklahoma (PSO) are now in the hands of the Oklahoma Supreme Court. Tuesday, Reps. Tom Gann, R-Inola, Kevin …
Expand Energy reports improved earnings
A week after announcing plans to move headquarters from Oklahoma City to Houston, Texas, Expand Energy Corporation revealed fourth quarter earnings. The country’s largest natural gas producer said it plans a billion dollars in debt relief this year and the issuance of its 20th straight dividend. It reported its net cash from operating activities totaled …
Oil prices slip as headway is made in US and Iranian talks
Crude oil prices fell about 1% on Tuesday as there was headway or progress reported out of the talks between the U.S. and Iran. Plus, there were also U.S.-brokered talks between Russian and Ukrainian negotiations. Iran’s foreign minister Seyed Abbas Araghchi stated, “We were able to reach a general agreement on a set of …