Oklahoma Corporation Commissioners took another recent step in their consideration of the controversial issue of Performance Based Rating, an annual form of ratemaking heavily supported by utilities but opposed by consumer groups. Commissioners on Friday spent nearly two hours listening to the pros and cons of the suggested alternative ratemaking plan supported by utilities …
The subpoena of the entire Oklahoma Corporation Commission staff by Attorney General Gentner Drummond is the focus of the latest Mitchell Talks Energy with Jerry Bohnen. The discussion by Scott Mitchell and Bohnen explores other questions that are raised in the Attorney General’s widening investigation of alleged market manipulation stemming from yes, Winter Storm Uri, …
Oklahoma Corporation Commissioner Kim David says the subpoena sent to her and two other commissioners as well as the agency’s staff by Attorney General Gentner Drummond in a widend winter storm market manipulation investigation doesn’t apply to her. “I reviewed the Attorney General’s subpoena and have been advised that a response from me is …
Friday brought stronger economic news for crude oil prices as they gained nearly 2% in the day’s trading while Oklahoma energy stocks had strong gains as well. Despite the Friday gains, crude oil prices settled down about 4% for the week and it was their third straight week of declines. It came as U.S. firms …
The nation’s oil and gas rig count made no dramatic change in the past week, losing two rigs to 616 while Oklahoma managed a gain of one to reach 37 rigs. A year ago, the state had 67 active rigs, according to the latest Baker Hughes Rig report released Friday. Nationally, the decline included …
The Southwest Power Pool, of which Oklahoma is a member, says it has made “significant” progress in advancing services to some of the several utilities now in the Western Interconnection of the SPP, including parts of Arizona. The first two weeks of November 2023 have seen SPP continuing to advance three of those services: …
A big drop in net income and earnings per share was reported in the third quarter by Unit Corporation. The Tulsa company made its financial report available on Frday, showing net income of $28.8 million and $2.94 a share in the third quarter, compared to $55.8 million and $5.60 a share a year earlier. …
Denver’s Ovintv Inc. has a reputation in Oklahoma for its large producing wells found in the STACK play, especially in Kingfisher County. In the remainder of the year, Ovintiv indicated in its recent third quarter financial report, it intends to bring on 26 net wells in the Anadarko Basin. The company reportetd its production …
The fourth quarter will likely be a busy one for Oklahoma City-based Devon Energy as it anticipates drilling and completing 100 more wells in the oil plays where it carries out exploration. The 100 wells would top the 81 wells brought online in the third quarter, according to the financial report recently released …
Not only did NGL Energy Partners LP see a huge jump in net income for the second quarter of its fiscal year, but a significant jump in the company’s adjusted EBITDA. The company released its financial report showing net income was $28.3 million in the second quarter of Fiscal 2024, nearly 9 times more …