A day after President Trump declared a national energy emergency, crude oil prices reacted Tuesday by falling 1% internationally and nearly 3% in the U.S. The declaration is part of Trump’s plan to boost domestic production and at the same time, Macquarie predicts a larger drawdown in weekly domestic supplies. West Texas Intermediate for …
The prediction of the U.S. Energy Information Administration about crude oil prices in 2025 isn’t exactly bright and cheery. It believes prices will be much lower throughout the remainder of the year. Below is the forecast: We forecast benchmark Brent crude oil prices will fall from an average of $81 per barrel (b) in …
Even though some record lower temperatures were recorded in Oklahoma Tuesday, the Southwest Power Pool, the agency controlling the electric grid in Oklahoma and 13 other states, brought an end to its Resource Advisory issued because of the extreme and bitterly cold weather. “Due to improving forecast system conditions,” the agency said it ended …
Devon Energy has opened applications for its 2025 Inclusion Grants, dedicated to supporting organizations that accelerate community growth and innovation across its operational areas. “Devon focuses on building strong, thriving communities,” said Marla Freeman, manager of community relations for Devon. “By partnering with organizations that empower underserved and underrepresented groups, we are helping to …
When protesters rallied earlier in the month at the Oklahoma state capitol, they complained about the use of eminent domain by utilities wanting to build large transmission lines and by wind and solar farm developers. Legislators were obviously paying attention, based on the number of bills filed on the very topic of eminent domain. …
Ascent Resources, LLC announced the final results and expiration of its previously announced “unmodified reverse Dutch auction” tender offer to purchase for cash up to $25 million of some of its common shares. The offer by the Oklahoma City-based oil and gas firm included the Company’s Series A units and Series B units at …
Drilling in Alaska, reversing Biden’s EV mandate, lightbulbs, dishwashsers, toilets and gas stoves—-all were targeted Monday by President Donald Trump in his executive orders signed within hours after he was sworn into office for a second term at the White House. On day one of his second presidency, Donald Trump signed executive orders reversing …
Two and a half years after a derrickman working at a Devon Energy well site in New Mexico was killed, a lawsuit against the energy company and Nabors Drilling Technologies USA, Inc. continues in New Mexico federal court. The family of Jose Martin Moreno, Jr. sued Devon, Nabors and a man identified as Matthew …
The issue of wooden utility poles used in Oklahoma and reviewed by state regulators goes before the Oklahoma Corporation Commission on Wednesday. Since November 2024, the commission has been exploring the issue of whether the utility poles allowed in the state meet certain standards. Are they strong enough to withstand certain kinds of …
** Former chairman of the Virginia State Corporation Commission, Mark Christie, was tapped by President Donald Trump to lead the independent Federal Energy Regulatory Commission on Monday. Christie has served as a commissioner on FERC for four years and before that, he was chairman of the Virginia State Corporation Commission, a body that he served …
