** Fervo Energy, a startup that specializes in geothermal energy, has started using the same horizontal drilling strategy that revolutionized oil drilling decades ago. The technique not only drills sideways, but it also drills deeper to access a different reserve of heat energy that was previously unavailable. ** General Motors calls EVs its “north star” …
Oklahoma Broadband Office continues historic investment streak
This week, the Oklahoma Broadband Office is conducting it’s Benefit of the Bargain round for the Broadband Equity, Access and Deployment (BEAD) program. Companies with technologies ranging from fiber-optics to Low-Earth Orbit satellite are allowed to apply for funding. Oklahoma has over 40,000 homes, businesses, farms and Community Anchor Institutions without access to reliable, high-speed internet. “This is an exciting …
Evergy moves ahead with coal-delivery fight against BNSF railway
Evergy’s fight with BNSF railway over a failure to deliver coal to its power plants in 2022 just jumped in value. The Kansas utility now claims $55 million in damages, not the $22 million as OK Energy Today first reported in June. The firm went to the Surface Transportation Board in 2024 and …
Sandridge Energy expands size of board of directors with appointment of Carl Icahn’s son
The Board of Directors at SandRidge Energy, Inc. has been increased from five to six members. The decision was reached July 18 and according to a filing with the Securities and Exchange Commission, the new board member is Brett Icahn. His appointment will be effective Aug. 1, 2025. The 45-year old Icahn, a …
Baker Hughes saw increased adjusted net income in 2Q and data center demand was behind some of it
Baker Hughes had a strong second quarter with $623 million in adjusted net income, an increase of 22% from the previous quarter and 10% more than a year ago, largely because of improved productivity. Adjusted earnings per share totaled 63 cents beating the estimate of 55 cents from analysts. The company also declared …
Crude oil dropped Tuesday while OK energy stocks reversed Monday’s losses
For the third consecutive trading day, crude oil prices dropped again on Tuesday while Oklahoma energy stocks reversed Monday’s disastrous losses. Fading hopes for a trade deal between the U.S. and Europe prompted the drop in crude oil prices, leading some to speculate of a coming economic slowdown in the world’s largest oil …
Corporation Commissioners to consider OGE’s withdrawal of rate hike request
Oklahoma Corporation Commissioners will meet Wednesday to consider an OGE rate hike withdrawal request stemming from a new law the regulators did not support in the most recent legislative session. SB998, which became law without the signature of Gov. Kevin Stitt, prompted Oklahoma Gas and Electric to withdraw its original request for a …
OKC’s Aerospace Industry soaring after COVID pandemic
A new report shows Oklahoma’s aerospace industry is not only strong, but healthy and adding thousands and thousands of jobs to the state’s economic sector. The Greater Oklahoma City Chamber released its Aerospace and Aviation Industry Survey, showing that nearly 9,000 jobs were added from 2015 to 2025. In just the past five …
Evergy Kansas agreement raises residential base rates 9.6%, pending regulator approval
Customers of Evergy Kansas are bracing for another nearly 10% hike in their monthly electric bills, possibly on top of a previously approved 9% jump. A settlement agreement was recently reached for a 9.6% increase in residential base rates and all it needs to become official is approval of the Kansas Corporation Commission. …
Data Center growth means someone has to pay for more electrical power and it’s consumers
Oklahoma is among 36 states across the U.S. with tax incentives to companies building data centers. Some are conservative, such as Oklahoma. Others are liberal. But they all have the same intention of attracting new business and economic wins. However, as OK Energy Today has reported over the past several months, there is also …
