Evergy, Inc., the new firm created as a result of the merger of Westar Energy and Great Plains Energy reported full 2018 earnings of $536 million or $2.50 per share an increase over a year earlier. The Kansas City-based company said it compared with earnings of $324 million or $2.27 a share for all of …
An administrative law judge at the Oklahoma Corporation Commission has refused to delay Oklahoma Gas and Electric’s request for a nearly $78 million rate hike. The Sierra Club wanted the judge to require OGE to prove its 2016 decision to install scrubbers at the firm’s Sooner Plant coal-fired units were the right decision. The Club …
The issue of trains blocking street intersections in Oklahoma isn’t new to the state. Check the history books. While the Oklahoma House approved a bill this week creating a $10,000 fine for railways that block intersections for more than 10 minutes, it was actually an issue in the state going back to 1911. The State …
A bill requiring more transparency of state agencies, including those directly dealing with energy in Oklahoma has won approval in a State Senate committee. The Senate General Government Committee okayed Senate Bill 177 by Sen. Ron Sharp (R-Shawnee) which will require state agencies to provide on their website certain financial information as prescribed …
Devon Energy’s announced intentions this week to sell some of its assets in Canada prompted at least one major Canadian news source to suggest it could be a difficult sale for the company. The Financial Post reported “analysts think Canadian producers will be cautious about spending billions to buy the properties.” Read Geoffrey Morgan’s story. …
While some Oklahoma legislators and the Sierra Club are pushing for more solar energy growth in the state, an Austin, Texas firm is making a $300 million commitment to an energy project in West Texas. 7X Energy Inc. announced it has entered into a power purchase agreement for 250 MWac from phase one of its …
Energy Transfer LP, the Dallas company with pipeline operations all over Texas, Oklahoma and the Midwest reported $617 million in fourth quarter net income, an increase of $366 compared to the fourth quarter of 2017. It also had record adjusted EBITDA of $2.67 billion, an increase of 29 percent from a year earlier or …
Saying 2018 was a “pivotal year”, management at Tulsa’s WPX Energy reported increased oil volumes and fourth quarter 2018 net income. The company said unaudited fourth quarter 2018 net income was $353 million or 83 cents a share on a diluted basis. A year ago the company reported a net loss of $24 million. The …
A report by Gaylord News at the University of Oklahoma suggests nearly $178 million in military construction in the state could be endangered if President Trump redirects defense spending for his national emergency declaration over the border with Mexico. The $178 million i for construction of maintenance and training facilities at Tinker Air Force and …
Halliburton Company will host a conference call on Monday, April 22, 2019, to discuss its first quarter 2019 financial results. The call will begin at 8:00 AM Central Time (9:00 AM Eastern Time). The company will issue a press release regarding the first quarter 2019 earnings prior to the conference call. The press release will …