ONEOK announced increased earnings for the second quarter of the year climbing from $691 million net income in the first quarter to $853 million three months later. The second quarter highlights included $841 million in net income attributable to ONEOK resulting in a $1.34 per diluted share. In the first quarter, ONEOK’s net …
** Sens. Chuck Grassley (R-Iowa) and John Curtis (R-Utah) place holds on three Treasury Department nominees, escalating their fight against the Trump administration’s clampdown on wind and solar tax credit use. ** A Mississippi mayor confirms Elon Musk’s xAI company has purchased a defunct Duke Energy gas-fired power plant to provide energy to the company’s …
The OPEC+ decision to boost its output in September put a big dent in crude oil prices as they fell $1 a barrel on Monday. The Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, agreed on Sunday to raise oil production by 547,000 barrels per day (bpd) for …
Weeks after Public Service Company of Oklahoma won approval for its $730 million acquisition of the Green Country Power Plant in Jenks, a move based on anticipated growth in power demands, PSO’s parent company is out with a projection of connecting to 24 GW of new load by 2030. That’s a 15% …
The news could be bad this week for some of the oil giants based in Houston, Texas—bad because earnings are expected to be lower. As the Houston Chronicle reported, Chevron and Exxon could see dramatic drops of nearly 30% in earnings. If the paper’s report is true, Exxon might experience a 27% decline …
Evergy, the utility firm in Kansas and Missouri, is on its way to following through with a $2.75 billion infrastructure plan. The company first won approval from Kansas regulators then received approval of regulators in Misosuri to build three natural gas plants and two solar projects. Evergy announced last year its intent to …
Cheniere Energy is asking for government tax credits in its shipments of LNG and it comes days after the Trump administration reached a new tariff agreement with the European Union, a move that will see increased numbers of tankers carrying the fuel overseas. Here’s what Cheniere Energy wants—-an “alternative fuel” tax credit as …
** U.S. Interior Secretary Doug Burgum orders agencies to factor in proposed solar or wind projects’ per-acre energy generating capacity relative to fossil fuels during permitting — a move that could halt new renewables development on federal lands. ** Colorado Gov. Jared Polis orders state agencies to streamline and accelerate clean energy permitting to allow …
The federal government announced it plans to sell leases covering more than 8,800 acres of government-owned land in Oklahoma and New Mexico. The sale, set to be held in November, involves 21 oil and gas leases in the two states. The Bureau of Land Management New Mexico State Office announced an oil and gas …
The Trump administration’s recent decision to cancel a nearly $5 billion federal loan guarantee for the Grain Belt Express transmission project from Kansas to Indiana caught the attention of one Democrat in the U.S. Senate. New Mexico Sen. Martin Heinrich is the ranking member of the Senate Committee on Energy and Natural Resources …
