Episode 2 of Tulsa King Season 3 continues right where the tension left off, tightening the grip on Dwight’s empire and raising the stakes in both Tulsa and New York. The shifting alliances, bitter rivalries, and hidden treasures coming to light, this episode mixes family drama with gangster politics, delivering one of the season’s most explosive chapters so far.
Trouble at Theo’s Funeral
The episode opens with Dwight, Tyson, Mitch, and Bigfoot surveying the wreckage of Theo Montague’s estate. Jeremiah’s ruthlessness catches Dwight off guard, not just because of the fire, but because of how swiftly Theo was erased from the picture. If anything, it sets the tone for Dwight: he now knows how far Jeremiah is willing to go, and he’ll have to meet brutality with brutality.
The crew then heads to Theo’s funeral, where emotions are raw and loyalties are being tested. Goodie pulls Dwight aside with troubling news, Armand isn’t handling his mandated therapy well and might be spilling more than he should. If word about Dwight’s ventures in liquor, weed, and casinos slips back to New York, Ray and the others could come circling like vultures. Dwight, calm but firm, tells Goodie to keep eyes on Armand for now. The time to act will come, but until then, silence is survival.
The bigger disruption comes from the Dunmires, who make the audacious move of showing up at the funeral. Dwight confronts Jeremiah directly, making it clear that if the same tactics are aimed at him, the retaliation will be devastating. Jeremiah tries to buy him out with an inflated offer, but Dwight isn’t for sale; their standoff is interrupted when Cleo lunges at Cole, blaming him for her father’s death. A scuffle breaks out until Mitch knocks Cole down, forcing the Dunmires to retreat for now.
The Bourbon Cache

Later, Dwight sits with Joanne to make sense of Jeremiah’s moves. Joanne has been digging and uncovers that Jeremiah’s distillery hasn’t made a dime in years. No distributors want his product, and whatever liquor he is moving is illegal under distillery laws. To her, this is proof that Dwight should just take the money and walk, but, Dwight is too seasoned to settle. He insists he won’t start from scratch at his age, the distillery is his foothold, and he’s not letting Jeremiah push him out.
Back at the Montague estate, Cleo talks with an insurance agent about the fire. Predictably, the verdict is a sham, the fire is ruled accidental, and no payout is coming. Jeremiah’s influence over the inspector and police is obvious. But this only makes Dwight suspicious: why would Jeremiah be so desperate to get rid of the property?
The answer comes when Cleo opens a hidden storage unit packed with barrels of aged bourbon, some over 50 years old, their estimated value? Around $150 million. Suddenly, Jeremiah’s aggressive tactics make sense. The distillery was never the real prize, the bourbon stash was. And now, it’s in Dwight’s hands.
Fixing Pipes and Cutting Deals
Cleo gives Dwight’s crew a tour of the broken-down distillery, which looks more like a ruin than a business. Still, Dwight sees potential. He assigns Tyson the task of recruiting his father, Mark, a skilled plumber, to fix the building. Mark initially refuses, still bitter about Dwight’s influence on Tyson, but Angie, the voice of reason in the family, urges him to accept, working alongside Tyson might be the only way to keep his son close.
Meanwhile, Dwight, Mitch, and Bigfoot approach distributor Walden Eustice to push Montague bourbon into the market. Walden hesitates, fearful of Jeremiah’s wrath, but Dwight assures him he’ll deal with Jeremiah personally, reluctantly, Walden agrees.
The tension doesn’t stop there. Cole visits Cleo, trying to lure her into siding with the Dunmires. His logic is that Dwight won’t survive long, and sticking with him is a dead end. Cleo, still mourning her father, rejects the offer with venom, there’s no universe where she stands beside the people who killed Theo.
Bill Joins the Liquor Game

Just as Dwight starts gaining ground, Bill barges in with complaints. He’s upset Dwight didn’t disclose his liquor plans, especially since Jeremiah is already a dangerous rival. Bill wants half the profits if his vans are used for distribution, but Dwight isn’t budging. He counters with a smaller cut, tied to how much liquor Bill’s men can actually move, anyhow, Bill considers the deal.
But loyalty is fleeting. Almost immediately after, Bill gets a call from Vince and spills the entire distillery scheme. The writing is on the wall, Bill may align with Jeremiah or New York to seize the operation once Dwight does the heavy lifting of rebuilding.
In the meantime, Mark finally shows up at the distillery to fix the pipes, a quiet but powerful gesture that eases tension with Tyson. Bill’s men also arrive for deliveries, though their presence enrages Bodhi, who hasn’t forgotten that one of them killed Jimmy. Grace senses Bodhi’s dark intentions and asks if revenge is on his mind. Bodhi admits he wants retribution but believes hacking into the killer’s life and driving him into despair would be far more satisfying than a bullet.
Cole Strikes Back
Cole, seething after his humiliation, informs Jeremiah about Dwight’s distributor deal. While Jeremiah heads to punish Walden, Cole takes matters into his own hands by targeting Mitch. He and his thug ambush Mitch and Cleo, but the couple fights back fiercely. Cleo slashes Cole’s arm, leaving him with a scar that serves as both a wound and a warning.
Cole limps back to Jeremiah, who treats his injury in the most brutal way possible: by cauterizing it with a heated iron rod. It’s punishment and lesson, pain is the family’s teacher.
Elsewhere, Dwight visits Cal Thresher, a gubernatorial candidate, essentially strong-arming him into remembering who backed him when he wins. Dwight promises support but makes it clear he expects leeway in his ventures; his constant threats, though, feel like a ticking time bomb. At this rate, Dwight might find himself deserted by allies and surrounded only by enemies.
Jeremiah Declares War

The episode closes at the Bred 2 Buck Saloon, where Dwight unwinds but ignores a call from Bill. Goodie updates him that Armand seems stable for now, giving Dwight brief relief, that peace is shattered when Jeremiah shows up. The two men exchange words of open warfare: Jeremiah vows to destroy everyone Dwight loves, while Dwight promises even greater suffering in return.
Meanwhile, Cole sets his sights on a new pawn, Spencer, the young barista Dwight treats like family. The implication is chilling. If Cole succeeds in manipulating her, Dwight could find himself vulnerable in ways money and muscle can’t fix.
Final Thoughts
Episode 2 of Tulsa King Season 3 is packed with shifting allegiances, deep betrayals, and a growing sense of inevitability. Jeremiah and Dwight are on a collision course, with Cleo’s discovery of the bourbon stash serving as the season’s powder keg. Bill’s duplicity, Cole’s reckless aggression, and Dwight’s overreliance on threats all hint that the empire he’s building may already be cracking at its foundation.
If Episode 1 was about Dwight stepping back into the game, Episode 2 proves that every move he makes is being shadowed by enemies waiting for their chance to strike.
Read more: Tulsa King Season 3 Episode 1 Recap