SPP Predicts Massive Energy Growth Across Oklahoma Leaders of the Southwest Power Pool (SPP), which operates the grid covering Oklahoma, Kansas, and more than 20 other states, expect a stunning 96% rise in energy demand within the next decade. They also praised a new ruling from the Federal Energy Regulatory Commission (FERC) that will help …
Baker Hughes Reports Strong Q3 Gains, Eyes Record Growth
Baker Hughes Reports Strong Third Quarter Performance Baker Hughes reported what leaders call a “strong third quarter performance,” showing the Houston company had $8.2 billion in orders and $7 billion in revenue, a $100 million increase. The company reported attributable net income of $609 million. Cash Flow and Industrial Growth Cash flow from operating activities …
Manufacturing Activity Rises in Oklahoma Region
Tenth District Manufacturing Activity Rose Further in October The Federal Reserve Bank of Kansas City released the October Manufacturing Survey showing a surprising increase in manufacturing and a boost in expectations for future activity. “Regional factory activity continued to increase modestly in October, and firms expect additional growth in the next six months,” said Cortney …
Oklahoma Lawmakers to Reexamine State Energy Needs
Utilities Committee Schedules Interim Hearing Still another look into Oklahoma’s energy needs will be taken by the Utilities Committee of the House of Representatives. The committee, under the leadership of Rep. Mike Dobrinski (R-Okarche), plans an interim study hearing into Oklahoma Energy Needs on Tuesday, November 4, beginning at 9:30 a.m. The hearing will be …
Oil Prices Rise 7% for Week Despite Friday Decline
Weekly Trading Results Show Strong Gains Crude oil prices finished the week’s trading with a small loss, but despite the decline, prices still ended the week more than 7% higher. It proved to be the largest weekly gain since the middle of June. Analysts explained Friday’s drop on skepticism, which they believe entered the market …
Energy Brief: Trump Opens 1.56M Acres for Arctic Oil
Oklahoma’s Energy Sector Eyes New Federal Actions The Trump administration opened 1.56 million acres of the Arctic National Wildlife Refuge’s coastal plain for oil and gas leasing. The move reverses Biden-era restrictions and reopens a politically charged frontier for energy production. Energy firms in Oklahoma and across the nation are watching how the new policy …
Oklahoma Supreme Court Faces Utility Rate Hike Challenges
Lawmakers Challenge PSO Rate Increase Before the Oklahoma Supreme Court can decide on the legal challenges of three state legislators to rate hikes approved by the Oklahoma Corporation Commission, it first must decide on a growing number of other issues in the challenges. In recent weeks following the January filiing of a lawsuit by Rep. …
Another data center update
Time for another data center update across the U.S. as technology firms are flexing their construction muscles. The latest? Meta has struck a $27 billion financing deal with Blue Owl Capital to fund its biggest data center project globally, as large technology companies race to build out the infrastructure needed to power their artificial intelligence ambitions. …
Natural gas prices fall but rig counts are up
While natural gas prices took a hit and dropped close to 4% on Thursday, they still have made some gains in the past several days. In a weekly report, the U.S. Energy Information administration reported: Henry Hub spot price: The Henry Hub spot price rose 65 cents from $2.80 per million British thermal units …
Big day for crude oil following new sanctions on Russian oil
President Trump’s move to initiate sanctions on Russian oil in a bid to end the war in Ukraine sent crude oil prices surging 5% on Thursday. Meanwhile, natural gas prices fell nearly the same amount in the day’s trading. Oklahoma energy stocks soared in the day’s trading with several firms recording 4%, 5%, …