A Maine utility’s offer to spy on big electricity users in law enforcement’s search for hidden marijuana growers is raising questions….big questions about the privacy of the company’s customers. Maine’s Versant Power made the offer as law enforcement cracks down on illegal pot growers and in doing so, often sends subpoenas to power companies …
Fort Sill’s joint technology center sees growth and expansion
An expansion has been made of a technology and drone technology center involving Fort Sill and Lawton. The Lawton Fort Sill’s Fires Innovation Science and Technology Accelerator (FISTA) Innovation Park is a leading center for technological advancement and home to the Joint Counter small Unmanned Aircraft Systems (C-sUAS) University (JCU) based in Lawton, Oklahoma. …
Devon Energy’s 2Q earnings soar with record oil production
With a second quarter all-time high production of oil, Oklahoma City’s Devon Energy’s second quarter financial report glowed with net earnings of $844 million or $1.34 a share—far better than the $596 million and 94 cents a share in the first quarter of the year. The company had core earnings of $885 million and …
OGE holds linemen’s Expo and competition
Oklahoma Gas and Electric Company (OG&E) line crews competed in the 33rd annual Linemen’s Expo, an annual company event in which line crews compete in timed competition and families and co-workers show their appreciation for the crews who help deliver reliable and dependable electric service to Oklahomans and Arkansans regardless of the weather. The …
Ozone alert for Wednesday in OKC
With increased temperatures, another ozone alert was issued for Wednesday for the Oklahoma City metro area. The Oklahoma Department of Environmental Quality issued the alert late Tuesday afternoon with the assistance of the Association of Central Oklahoma Governments. This ozone alert is a prediction that concentrations of ozone will approach levels of concern over the next 24 …
Bank survey shows Oklahoma and regional manufacturing at lowest level in 4 years
Days before the latest unemployment rate for the U.S. rose to 4.3% and the stock market suffered, the Kansas City Federal Reserve Bank released its regional factory index at its lowest level in four years in July. The Tenth Circuit Bank Survey includes Oklahoma and its showed the volume of shipments and employment levels …
Crude oil prices and OK energy stocks reverse course—make gains
On a day when crude oil prices rose higher in Tuesday’s trading, some Oklahoma energy stocks did the same with one state utility soaring 12%. The day of gains came a day after painful losses by energy stocks when the stock market took a hit on Monday. What happened? Experts say investors focused on supply …
What government forecasters predict about electricity prices
It’s one of those “good news” “bad news” type of situations when it comes to what the U.S. Energy Information Administration predicts about electricity prices. On the one hand, the EIA came out this week with a prediction that U.S. residential electricity prices will increase by about 1% in 2024. That’s the bad …
ONE Gas recorded weaker 2Q net earnings
ONE Gas reported a drop in second quarter net income compared to a year ago. The Tulsa-based company said its net income for the year is also below what it recorded last year. It is still waiting on rate hike decisions before regulators in Oklahoma, Kansas and Texas. The 2024 net income was …
Higher second quarter earnings for ONEOK—result of increased gas production
ONEOK reported this week it had higher second quarter earnings of $780 million in net income or $1.33 per share. It also had adjusted EBITDA of $1.6 bilion. “Strong financial and operational performance during the second quarter, supported by record Rocky Mountain region volumes on our system and acquisition-related synergies, provide momentum heading …
