Oklahoma Corporation Commissioners voted 3-0 this week to grant a protective order to Oklahoma Gas and Electric as the utility moves forward with its latest rate hike request, one totaling $332 million which would force residential ratepayers to cough up another $19 a month. The request for the protective order was considered routine as …
If you were expecting crude oil prices to climb this year, the prediction of the U.S. Energy Information Administration is that they won’t. Instead, they will remain about the same as they did in 2023. The EIA, in a report this week forecast average annual crude oil prices in 2024 and 2025 will remain …
Still no formal announcement regarding the anticipated merger between Oklahoma City’s Chesapeake Energy Corp. and Southwestern Energy Co. based in Spring, Texas. But the speculation about the impact of such a deal, one that could have a value of $17 billion, is growing and led this week to a question raised in The Daily …
A job with a $60,000 pay raise? It’s what the Oklahoma Department of Transportation governin board voted this week to give Tim Gatz for his work as head of the Oklahoma Department of Transportation and the Oklahoma Turnpike Authority. Under the unaninimous move, Gatz will see his salary jump to $245,000 a year. Oklahoma …
A bill introduced by Edmond State Senator Kristin Thompson would create another state agency in Oklahoma, one with an intent of focusing on economic development and business retention. Her Senate Bill 1447 would create the Oklahoma Office of Economic Development, Growth and Expansion, or OK EDGE. “As a businessperson and as a policy maker, …
Construction started in New Mexico on what is described as the largest wind project in the Western Hemisphere that will transfer electrical power from the state to Arizona. At the same time, GE Vernova, a business to be spun off by General Electric, said it will build hundreds of turbines for Pattern Energy’s SunZia …
Rep. Rick West, R-Heavener, recently filed legislation that would extend tax-free vehicle title transfers from grandparents to their grandchildren. Currently an excise tax is levied upon the transfer of legal ownership of any vehicle registered in Oklahoma. Exceptions include people who possess an agricultural exemption, and for title transfers between husband and wife and parent …
** US oil and gas production is booming, but policies being imposed now could jeopardize the country’s energy might, the industry’s top trade group is warning Washington. That sobering outlook is being delivered by the American Petroleum Institute as it holds an annual gathering in the nation’s capital Wednesday to highlight top policy priorities, amid …
The U.S. Energy Information Administration (EIA) expects solar electric generation will account for 7% of total U.S. electricity generation in 2025, up from 4% in 2023, according to its January Short-Term Energy Outlook (STEO). Developers have reported that almost 80 gigawatts of solar power will come online over the next two years, increasing U.S. solar generating …
The fourth quarter earnings report by Vital Energy will be released next month, according to an announcement by the Tulsa company. It intends to release the fourth-quarter and full-year 2023 financial and operating results after the close of markets on Wednesday, February 21, 2024. The firm will hold a conference call the next day at …