** Liquefied natural gas developers led gains for U.S. energy companies in early trading on Monday, after the European Union pledged $750 billion worth in strategic purchases as part of a sweeping trade pact. ** Chevron said it plans to lay off almost 600 Houston workers as part of its monumental acquisition of Hess. Around 575 …
Nuclear energy a focus of the latest non-public meeting of Oklahoma regulators
Oklahoma regulators report they recently held another non-public meeting where nuclear energy was one of the topics of discussion. Under a new law, they have nine months to conduct a study of the use of nuclear powewr in the state. A form filed Tuesday revealed the three Corporation Commissioners, Kim David, Brian Bingman …
OGE reminds ratepayers of bill-assistance programs during the hot summer
With temperatures pushing the 100-degree mark in the state and the demand for electricity to keep homes cool, one utility is reminding its customers there is help available in paying the utility bills. Summer heat can put a strain on both energy use and household budgets. During Home Energy Aid Month, OG&E announces new …
Second quarter earnings of Alliance Resource Partners reflects growth in electricity demand
Tulsa-based coal company Alliance Resource Partners, L.P reported reported Second Quarter Financial and Operating Results showing lower net income but increased sales of coal. One sector which led to increased coal burning was the demand for electricity. “Domestic market fundamentals remain constructive as higher natural gas prices, combined with higher power demand, have resulted in strong …
OGE to release 2Q earnings report Wednesday following big 1Q report in March
The second quarter earnings of Oklahoma Gas and Electric will be released early Wednesday morning before the opening of the markets. It comes as the company continues seeing customer growth and some of it is coming from industrial growth in the state. The company intends to hold a conference call at 8 a.m. Oklahoma time. …
Williams announces quarterly dividend with a more than 5% improvement
Less than a week before Williams plans to announce its quarterly earnings report, the Tulsa-based natural gas company also approved a regular dividend and an increased amount. The dividend, as approved by the Company’s board of directors, total $0.50 per share or $2..00 annualized on the company’s common stock. It will be payable …
Petroleum Storage Tank Division to host Industry Roundtable
The Oklahoma Corporation Commission plans an industry roundtable on Wednesday, July 30 to discuss rules and potential issues in the area of Petroleom Storage Tanks. The agency’s Petroleum Storage Tank Division will hold the annual roundtable at 2 p.m. “The purpose of the meeting is to continue engagement with stakeholders, have open conversations …
Hotter weather means greater demand for electricity and higher prices in Oklahoma—critical event at OGE
Hotter weather in Oklahoma means not only higher electricity prices from Oklahoma Gas and Electric Company but a change in an advisory from the Southwest Power Pool. OGE notified customers Monday that the Tuesday rate would be 32 cents per kilowatta hour from 2-7 p.m. but it was followed by a Special Notice …
Crude oil jumped 2% on Monday following President Trump’s stronger message to Russia
The weekend trade deal between the U.S. and the European Union sent crude oil prices climbing by 2% on Monday and some Oklahoma energy stocks grew by 5% to 7%. Adding to the increased crude prices was the announcement by President Trump that he will shorten the deadline for Russia to end the …
Federal land crude oil production grew in 2024 and New Mexico gets a lot of the credit
A new study by the U.S. Energy Information Administration finds that crude oil production from onshore federal lands has increased in recent years as a result of significant growth in drilling activity and operations and much of it came in New Mexico’s share of the Permian Basin. According to data collected by the …
