OK Energy News

  While the Federal Reserve hiked interest rates for the fourth time this year, crude oil prices responded Wednesday with gains for the day. But Oklahoma energy stocks went the opposite direction. West Texas Intermediate crude for December delivery went up $1.63 a barrel to finish the day at $90 …

  Attorney General John O’Connor announced the national Anti-Robocall Litigation Task Force has filed for a court order compelling the production of information from two voice service providers over their alleged involvement in illegal robocalls. “Americans are sick and tired of robocalls,” said Attorney General O’Connor. “They invade our privacy …

  The head of Halliburton suggests the glory days of massive oil and gas production in the Permian Basin might be at an end or at least approaching it. It’s what Jeff Miller, chief executive officer of Halliburton said during a speech this week at an Adipec panel in Abu …

  Northeast Arkansas will be getting a $500 million rebar steel mill further increasing the region’s reputation as a leading steel producing area in the U.S. The Arkansas Democrat Gazette reports the new firm’s project will create 200 manufacturing and other steel-related jobs. Click here for Democrat Gazette

  Based on its third quarter results, ONEOK, Inc. announced it expects a more than 10% increase in its 2023 net income and adjusted earnings compared with the 2022 guidance midpoints. What’s behind it? The company’s 2023 outlook is driven by expected continued strength in fee-based earnings and rates, stable to …

  ONEOK, Inc for the first time is releasing some details about the disastrous July 9 fire that occurred at its liquids fractionation facility in Medford, Oklahoma. It indicated the loss approached $100 million. In its third quarter earnings report, ONEOK stated it had received notice its insurers agreed to …

  Gulfport Energy Corporation’s third quarter was strong enough the company is adding yet another drilling rig in the Utica play. The third quarter saw a reported $18.5 million of net loss and $172.7 million of adjusted EBITDA. The company generated $167.9 million of net cash from its operating activities …

  Ceremonies were held this week in Oklahoma City for the groundbreaking on a $400 million OKANA Resort & Indoor Waterpark. Located next to downtown Oklahoma City and the Boathouse District, the Chickasaw Nation project will include an 11-story hotel reported KOKH Fox 25 News. Click here for Fox 25 …

  The Southwest Power Pool just won the right to spread the costs of certain transmission projects across its 14-state footprint, despite the objections of American Electric Power and Excel Energy. The Federal Energy Regulatory Commission voted 3-2 on Friday in support of the SPP’s proposal reported Utility Dive. The …

  Excel Energy, a firm that serves eight states, announced this week it plans to stop using coal nationwide by the end of 2030. It also plans to speed up the retirement of coal-fired units at its Tolk Generating Station in Texas reported Wisconsin Public Radio. Click here for Wisconsin …