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Legislator argues bill sent to Governor allows public funds to be handed out behind closed doors

6 days ago | okenergytoday.com | Jerry Bohnen

Closed-door actions allowed under a bill approved by the Oklahoma House of Representatives concern Rep. Tom Gann, the Republican from Inola. He voted against Senate Bill 987 which was approved on a House vote of 62-30 and debated against the measure. The Senate had already approved the bill on a 30-15 vote. “Senate Bill 987 is not economic development. It is governance by nondisclosure agreement,” Gann said.
3% gain recorded by crude prices while OK energy stocks soared too

1 week ago | okenergytoday.com | Jerry Bohnen

Crude oil prices and Oklahoma energy stocks enjoyed positive territory on Thursday as oil rose 3% because of optimism over the trade talks between the US and China. Both are the world’s largest oil consumers and what comes out of the talks could have a big impact on oil distribution and production. Investors are anxious to see what comes out of the talks that begin Saturday in Switzerland as U.S. Treasury Secretary Scott Bessent will meet with China’s top economic official.
Corporation Commissioner unhappy with approval of SB998

1 week ago | okenergytoday.com | Jerry Bohnen

Oklahoma Corporation Commission Chair Kim David is hopeful Gov. Kevin Stitt might step in and veto SB998, a utility construction bill approved this week in the Oklahoma House of Representatives. She joined opposition led by the AARP, an organization that immediately launched a campaign to urge the governor to veto the measure that it called a “utility power grab.”“I am disappointed that the House approved SB 998 and encourage Governor Stitt to veto this measure.
Staffing shortages hits Army Corps of Engineer lakes in Oklahoma and Kansas

1 week ago | okenergytoday.com | Jerry Bohnen

More than 3 dozen lakes managed by the Tulsa District U.S. Army Corps of Engineers, including many in Oklahoma will have their recreation areas temporarily closed or with reduced service because of what the Corps refers to as staffing shortages.
Utility ratepayer protection bill waited for State Senate vote

1 week ago | okenergytoday.com | Jerry Bohnen

A bill seeking to protect utility customers from paying higher rates because of 2021’s Winter Storm Uri has not yet been considered by the full State Senate. It was not on the agenda on Thursday, which was the deadline for consideration of bills from the opposite legislative chamber. House Bill 1220Â unanimously passed in the Oklahoma House of Representatives in early March. It’s since been amended and passed the Senate Energy Committee and remains on general order. Author Rep.
ONE Gas honored with safety award

1 week ago | okenergytoday.com | Jerry Bohnen

For the eighth consecutive year, ONE Gas has received an American Gas Association Safety Achievement Award for excellence in employee safety. The award was presented at the AGA 2025 Operations Conference on May 6 in Aurora, Colorado.
Ascent Resources out with 1Q earnings report

1 week ago | okenergytoday.com | Jerry Bohnen

Oklahoma-based Ascent Resources Utica Holdings, LLC announced its first quarter earnings which included $210 million in adjusted net income and adjusted EBITDAX of $430 million. Considered one of the largest private producers of natural gas in the United States with operations focused in southern Ohio, the Oklahoma City company also reported a net loss of $362 million. Its cash flow from operations totaled $359 million and adjusted free cash flow of $177 million.
SPP okays $72 million contract for transmission line in Oklahoma

1 week ago | okenergytoday.com | Jerry Bohnen

Southwest Power Pool’s board of directors approved an industry expert panel (IEP) recommendation for Transource Oklahoma, LLC with Transource Energy, LLC to build the Mathewson-to-Redbud transmission project. The proposed 38.4 mile 345-kilovolt line from the Mathewson substation to the Redbud substation in Oklahoma will cost an estimated $72 million to construct and is expected to be completed in 2027. The board approved OGE Transmission, LLC with ITC Great Plains, LLC as the alternate builder.
Stronger financial results reported by Energy Transfer in the 1Q

1 week ago | okenergytoday.com | Jerry Bohnen

Energy Transfer LP, the company that acquired Oklahoma City-based Enable Midstrean Partners, LP in 2021 and expanded its operations to 114,000 of pipelines across the U.S. said it had improved first quarter net income of $1.32 billion or 37 cents a share. The Dallas company said it beat the $1.24 billion reported in the first quarter of 2024. Adjusted EBITDA for the three months ended March 31, 2025 was $4.10 billion compared to $3.88 billion for the three months ended March 31, 2024.
ONG details $41 million rate hike request

1 week ago | okenergytoday.com | Jerry Bohnen

Customers of Oklahoma Natural Gas started getting notices in the mail this week about their rates going up again, should the increases be approved by the Oklahoma Corporation Commission. It could mean another $2.12 more a month for most residential customers. In the “Dear Customer” letter, ONG gave details of its Application with the Oklahoma Corporation Commission requesting review and approval of its calculations under the Performance Based Rate Change Plan.