Oil bounced back upward Tuesday but Iran plans partial opening of Hormuz Strait

  Iran continued denying talks with the U.S., sending waves of missiles into Israel and the disruption of Monday’s fall in crude oil prices caused an upswing Tuesday. Oklahoma energy stocks made strong gains too. President Trump continued to profess the talks were making gains but crude oil prices rose nearly 5%. Prices closes before …

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Wind reversal for Burgum

  As Governor of North Dakota, Doug Burgum was a big proponent of wind power in his state and in the fall of 2024, even highlighted the fact that wind supplied roughly one-third of the state’s electricity. Now as Interior Secretary, he seems to have a different opinion about wind. In Houston this week, he joined TotalEnergies …

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Continental Resources Buys OKC Arena Naming Rights

  Oklahoma City-based Continental Resources is putting its name on the new home of the Oklahoma City Thunder in the NBA. The Thunder and the oil company founded by Harold Hamm announced a 15-year name rights partnership for the new arena that is expected to open in 2028 at the site of the former Cox …

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Fiery blast rocked Valero refinery in Texas

Explosion at Valero Refinery in Port Arthur Triggers Evacuations A large blast shook the Valero oil refinery in Port Arthur, Texas on Monday but no one was reported injured, even though nearby residents were forced to evacuate their homes. A large column of black smoke covered the refinery as city and state leaders responded. Refinery …

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Attorneys argue over PSO’s denied energy expansion project

PSO Lawsuit Over Rogers County Power Project Moves Forward The efforts of Public Service Company of Oklahoma (PSO) to move forward with a more than $1 billion energy project remain stalled over a lawsuit filed against Rogers County Commissioners and their Board of Adjustment. The lawsuits filed by PSO after the Rogers County Board of …

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Firefighters warned of soaring chances for more wildfires

Wildfires Spread Across Oklahoma Amid Dangerous Conditions A long list of wildfires in Oklahoma confronted firefighters across the state this week with one of the largest burning in northeast Oklahoma. The fire in Adair County, known as the Luna Branch fire, burned more than 1,200 acres and at last word from the Oklahoma Forestry Service, …

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Energy Briefs: Oil Forecasts Surge, Hormuz Tensions

Goldman Sachs Raises Oil Price Outlook Goldman Sachs sharply raised its oil price forecast in response, now projecting Brent crude to average $110 per barrel in the near term, a roughly 62% jump from the 2025 annual average. The bank also bumped its WTI crude estimates higher for the coming months. Analysts warned that if …

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Coweta City Manager caught in embarrassing text message

Coweta City Manager Apologizes After Data Center Comments The fight over a proposed data center in Coweta has led to an apology from City Manager Julie Casteen after she said protesters “were not very smart.” She issued an apology this week after one of the protesters, Darren Blanchard, made the revelation following an Open Records …

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Energy leader named Oklahoma’s newest U.S. Senator

From CEO to Executive Chairman of Williams Cos. and now to U.S. Senator. Alan Armstrong was officially appointed U.S. Senator Tuesday to replace outgoing Sen. Markwayne Mullin, who was confirmed Monday to lead the Department of Homeland Security (DHS).   Gov. Kevin Stitt introduced him Tuesday during a morning press conference and hailed Armstrong, a third-generation Oklahoman, …

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Shareholders asked to advance Devon/Coterra merger

While Devon Energy and Coterra Energy work behind the scenes on their previously announced proposed merger and the transfer of headquarters to Houston, Texas, some details of the merger still await final approval by shareholders. By all indications, no publicly announced date or dates for meetings of stockholders in the two companies have been made. …

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