Improved quarterly and year-end revenues for ONE Gas,Inc. resulted in larger per share earnings for investors, thanks in part, to higher prices paid by ratepayers. The Tulsa-based company, the parent of subsidiaries Oklahoma Natural Gas, Kansas Gas Service and Texas Gas Service, reported this week it had $77 million in fourth quarter 2024 …
Vital Energy reports losses and 2025 outlook calls for lower capital investments
Vital Energy in Tulsa reported this week it had record oil production in the fourth quarter but also revealed a net loss of more than $359 million. It also recorded a full-year loss of more than $173 million. Vital indicated its plans for 2025 included lower capital investment levels and slightly lower oil production. …
Anti-wind farm bill fails in House Committee
The efforts of Rep. Tim Turner to rein in the growth of wind farms in the state through extensive setbacks for wind turbines failed this week in an Oklahoma House committee as wind farm supporters took the wind out of his sails. It shows wind farms and the electricity they produce have more supporters …
Energy briefs
** General Motors CFO Paul Jacobson said on Wednesday at a Barclays conference that if U.S. tariffs became permanent, the company would have to consider moving plants, but also said it had not made those decisions yet. GM and other automakers are closely monitoring how tariffs on vehicles and parts from Canada, Mexico and elsewhere will impact …
Crude oil and OK energy stocks made gains on Wednesday
Modest gains in crude oil prices were recorded Wednesday as prices for Brent and WTI remained near a one-week high. Oklahoma energy stocks also made a strong showing. Investors and traders remained worried about oil supply disruptions in Russia and the U.S. The market is still nervous about the outcome of peace talks to …
DOGE cancellations hit 2 Oklahoma operations
At least two closings of federal agencies or their buildings in Oklahoma are among those identified and carried out by DOGE, the Department of Government Efficiency and led by billionaire Elon Musk. One was a BIA office and the other a facility for the U.S. Fish and Wildlife Service. The DOGE website lists a …
House Committee review of competitive bidding and eminent domain bills delayed till Thursday
Due to inclement weather, the committee will now meet Thursday, February 20 at 10:30 a.m. When: Thursday, February 20, 2025 10:30 AM Where: Room 206 Agenda: 1. Welcome and Introductions 2. HB2747 – Public utilities; definitions; owners; facilities; bids; evaluator; owner; facility; intent; effective date; emergency. – Caldwell (Trey)* 3. HB2751 – Facilities; Corporation Commission; generation facility; competitive bids; …
Increased earnings for OGE Energy Corp.
Increased utility bills in the past year helped OGE Energy Corp., the parent company of Oklahoma Gas and Electric Company to obtain earnings of $2.19 per diluted share in 2024, compared to $2.07 per diluted share in 2023. OG&E, a regulated electric company, contributed earnings of $2.33 per diluted share in 2024, compared to earnings …
Record cold weather? No, not in Oklahoma
Just as we thought we experienced record cold weather and extreme low temperatures in the state, Gary McManus, Climatologist with the Oklahoma Mesonet had to go and ruin things. He reminded us of the cold weather we had in January when the actual air temperature dropped to minus-17 in the Panhandle. And as a …
Weather delays state Broadband project launching
Leaders of the Oklahoma Broadband Office and internet providers won’t be gathering Friday as planned for the launching of service in five east central Oklahoma Counties. The severe cold weather, ice and snow prompted the Office to announce the Friday ceremony has been rescheduled to April 18 in Konawa. The ceremony was planned for …