Following a move to cut $100 million in capital expenditures during the second quarter, Oklahoma City’s Expand Energy prepares to release its third quarter earnings report which will give more of an indication industry conditions. Expand energy turned one year old this month following the merger in October 2024 of Chesapeake Energy in Oklahoma City …
Chandler bans wind farms within city limits
The city of Chandler moved this week to adopt a moratoirum on Industrial Wind Turbines within the city limits. A Facebook report indicated the city council voted in support of new regulations targeting the wind industry. The moratorium includes any land within the city limits and surrounding Chandler’s water supply from Bell Cow …
Energy briefs
** A fire ignited at BP’s 440,000 barrel-per-day oil refinery in Whiting, Indiana, before it was extinguished on Friday morning, the company said. The blaze at the largest refinery in the U.S. Midwest caused gasoline prices to spike in parts of the region. The fire resulted from an operational incident, and there were no injuries, the company said in …
Feds warn of international trade disruptions for Oklahoma
Oklahoma’s Trade Landscape Examined Oklahoma’s trade activity remains limited compared to other states, but select industries keep the state tied to the global market. That’s the focus of the latest Oklahoma Economist report from the Federal Reserve Bank of Kansas City’s Oklahoma City Branch. The issue, titled “Oklahoma’s Trade Landscape: Broadly Insulated, Yet Exposed in …
Natural gas prices slipped more in the past week
Natural Gas Prices Decline Across Key U.S. Hubs Natural gas prices dropped sharply at major U.S. hubs this week, including the Henry Hub benchmark in Louisiana and regional hubs tied to Oklahoma’s energy market.The Henry Hub spot price fell 53 cents, dropping from $3.33 to $2.80 per MMBtu between October 8 and October 15. Futures …
Don’t expect much change in your winter heating bills
EIA Winter Fuels Outlook Highlights Steady Costs The U.S. Energy Information Administration (EIA) released its 2025 Winter Fuels Outlook, predicting that heating costs across the nation—including Oklahoma—will vary based on fuel type. The report shows that most natural gas users will see similar bills to last winter, while electric heating households may pay slightly more. …
OKC Streetcar Suspension for Arena Construction
Streetcar Shutdown to Support New OKC Arena The Oklahoma City Streetcar will pause operations from September 29 to October 27 as crews prepare the site for the city’s new arena project.During the closure, Midwest Wrecking will install structural shoring to support demolition of the former Myriad Convention Center at 1 Myriad Gardens. Officials say this …
Oil/gas rig numbers climb in Oklahoma and US
Rig activity rises across Oklahoma Oklahoma drilling picked up again this week. The state added two rigs, lifting the total to 42. Crews focused on western Oklahoma, where operators continue to chase liquids-rich rock. Field chatter pointed to activity in the Cana Woodford and Granite Wash. STACK and SCOOP also showed steady work. The national …
Only a slight gain in Friday’s crude oil prices
Oil Prices Post Modest Rebound but End Week in Decline Crude oil futures ended Friday with minor gains, but the weekly picture showed another steep drop. Brent crude futures rose 23 cents, or 0.38%, closing at $61.29 a barrel. West Texas Intermediate (WTI) crude edged up 8 cents, or 0.14%, to settle at $57.54 on …
Another CWIP filing could hit OGE ratepayers
While Oklahoma Gas and Electric was the first utility in the state to use a new law allowing construction costs to be passed along to ratepayers during the building of natural gas projects, it is involved in the first use of another new energy law. Its economic impact on ratepayers is also tied …