A so-called “Behind the Meter” bill is becoming law after it was signed this week by Oklahoma Gov. Kevin Stitt. Sen. Grant Green, R-Wellston authored Senate Bill 480 which he contends will increase economic development in the state. Green says the law could generate billions in new private-sector investment, empower businesses to develop …
Possible nuclear deal with Iran sent crude oil prices down Thursday
The growing prospect of a U.S. and Iranian nuclear deal sent crude oil prices falling on Thursday. Investors believe if a deal is struck it might result in Iran being allowed to release more crude oil into the global market. U.S. President Donald Trump said on Thursday that the U.S. was getting close to …
Trump White House to review EPA’s blended fuels mandates
Two years after the operators of the CVR Refinery in Wynnewood, Oklahoma joined other small refinery firms in challenging the Biden administration’s EPA decision against granting waivers of biofuel blending mandates, the Trump administration might reverse things. Current Environmental Protection Agency Administrator Lee Zeldin told lawmakers this week he wants quick action on …
Oklahoma reports increased revenue from oil and gas gross production tax
Oklahoma State Treasurer Todd Russ reports the state is seeing an increase in revenue from its Gross Production Tax on oil and gas. In his April report released this week, the treasurer said the tax revenue equaled $88 million for April and the division saw an overall increase over March of $11.45 million …
New Mexico oil and gas producers unhappy about new discharging rules
Oil and gas producers in New Mexico will no longer be allowed to dump fracking wastewater into the state’s waterways and groundwater and it wasn’t well received by one oil and gas organization. The New Mexico Water Quality Control Commission decided this week to prohibit the practice as part of new regulations created to …
Broken Arrow man announces third run for Corporation Commission
A candidate who tried unsuccessfully last year to win an Oklahoma Corporation Commission seat plans to make another try in the 2026 election. It will be his third attempt to become a state regulator. Justin Hornback, Broken Arrow, who is a certified welding inspector and a specialist in safety and health announced his …
Judge recommends denial of PSO’s $753 million request over power plant buy
As Oklahoma Corporation Commissioners prepare to meet Monday to consider a request by Public Service Company of Oklahoma for preapproval of its $730 million acquisition of the Green Country Generating plant, the regulators are being urged by an Administrative Law Judge and consumer groups to deny approval. Administrative Law Judge Carly M. Ortel issued …
Sen. Mullin secures commitment on critical infrastructure improvements to the Port of Catoosa
A pledge to make improvements to Oklahoma’s Port of Catoosa came out of a U.S. Senate hearing this week after Sen. Markwayne Mullin pressed the issue making critcal improvements to the operations. It came during a Tuesday Senate Armed Services Committee hearing where the nomination of Adam R. Telle to be Assistant Secretary …
Stardust Power reports 1Q financial results
With advancement of steps necessary to open a lithium refinery in Muskogee, Stardust Power Inc. unveiled its first quarter financial results for 2025. “We continue to advance steadily toward Final Investment Decision, supported by strategic progress across permitting, engineering, and financing,” declared Roshan Pujari, Founder and CEO of the company headquartered in Greenwich, Connecticut. …
Despite 1Q setbacks, Empire Petroleum looks to move ahead
First quarter finances at Tulsa’s Empire Petroleum showed a significant drop because of extreme winter conditions and a pipeline failure that led to a short-term 75% decrease in net production. Empire’s first quarter total product revenue was $9 million, a net loss of $4.2 million or 12 cents a share. Its adjusted EBITDA was a …
