June 14, 2021 archive

NY’s Power REIT Enters “Wild West” of OK Cannabis Market with Land Purchase

Oklahoma’s cannabis market just got a new player as New York-based Power REIT announced that it has acquired a 9.35-acre property in Craig County, Oklahoma through a wholly owned subsidiary. The property is located in the northeast corner of Oklahoma which offers a favorable growing climate for greenhouse cultivation. As part of the transaction, Power …

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Baker Hughes Reports Slight Increase in US Rig Count

The U.S. oil and gas rig numbers increased by 5 in the past week to reach 365 according to the latest report from Baker Hughes Co. and Enverus. Oklahoma’s count remained unchanged at 28 rigs, still ahead of the 10 rigs reported one year ago. Nationally, the increased count included six more oil rigs to …

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