When President Trump repeated his call on Friday for OPEC to lower crude oil prices, the market responded with a very slight increase. He made the call in order to hurt oil-rich Russia and bring an end to its war in Ukraine. For week, oil prices finished down and ended four straight weeks of …
January 24, 2025 archive
Oil and gas rig activity increases in Oklahoma
As Oklahoma saw a gain in the number of oil and gas rigs throughout the state, the nation’s rig count declined in the past week, according to the Baker Hughes rig report released Friday Baker Hughes said Oklahoma’s count increased by one to a total of 44 active rigs, two more than one year …
New solar plants expected to support most U.S. electric generation growth
While there appears to be growing opposition to solar farms in Oklahoma, a new government forecast says the nation will likely seen strong growth of the solar projects in the next two years. In a nutshell, it believes there will be strong solar growth, accelerated coal retirements, and a decline in the use of …
Lithium refinery firm makes offering of shares
Stardust Power, the company that broke ground recently for a $1.2 billion lithium refinery at Muskogee, announced a public offering for the purchase and sale of up to more than 4.7 million shares of common stock. The Connecticut-based firm, developer of battery-grade lithium products called the pricing of its “reasonable best efforts” public offering …
Piedmont approved for nearly $23 million in water improvements
Sen. Kristen Thompson, R-Edmond, congratulated the Piedmont Municipal Authority for securing $22.6 million in funding to update its aging water and wastewater infrastructure to keep up with the city’s rapid growth. Senator Thompson helped facilitate conversations between local leaders and state water officials to find solutions that address the immediate need for water system …
Muskogee the site of a “Stop the Green” protest
The recent “Stop the Green” protest rally held at the State Capitol was only one of a growing number of such protests by those opposed to the growth of wind farms and solar projects in the state. One upcoming event is planned in Muskogee entitled “No Industrial Wind/Solar/Lithium in Muskogee County.” Supporters call it …
ONE Gas to release 4Q earnings with hopes of improvement
After a dip in third quarter earnings reported in November, ONE Gas, Inc. prepares for the release of fourth quarter and full year 2024 financial results in the coming month. Investors will be wanting to know if the fourth quarter brings stronger results. The release of financial earnings will be made after the market …
Reduced gross production tax suggested in legislative bills
Two bills filed in the Oklahoma legislature to be considered in the upcoming legislative session call for lower gross production taxes on oil and gas production in the state. Sen. Dusty Deevers, R-Elgin, introduced SB311 which would lower the state’s current 7% gross production tax to 5%. “Upon the production of oil a tax …
Texas had most renewable energy projects in 2024
A review of the nation’s big clean energy projects built in 2024 were in the state of Texas. The analysis showed Texas also leads the U.S. in installed utility-scale solar and wind capacity and is making headway on battery storage projects. New data from Cleanview, shared exclusively with Canary Media, shows the 25 biggest clean energy …
Energy briefs
** As promised, President Donald Trump began reversing the country’s energy policies his first day in office with a spate of orders largely favoring oil, gas and coal. But there is one renewable energy that did find favor: geothermal. Energy experts say that makes sense — geothermal energy makes electricity 24/7. Many people working in the field …
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