Crude oil prices recorded small gains in Tuesday’s trading, enough to rebound from lows over the past few weeks. The rebound came after President Trump said he plans to issue tariffs this week on imports from Canada and Mexico. Plus, there was the issue of growing fears about weaker demand due to soft economy …
A freeze on federal grants and loans ordered by President Donald Trump’s budget office has Oklahoma leaders wondering about the impact. So has an earlier order affecting green energy project funding created by the Biden administration. Electric vehicle charging networks could be affected and some states aren’t sure if they will receive continued funding …
If it’s not ESG, then it’s DEI in the workforce. Now Oklahoma Attorney General Gentner Drummond is among 19 Republican attorneys general calling on Costco Wholesale Corp. to end its workforce diversity policies. They wrote a letter to Costco Chief Executive officer Ron Vachris stating that the company’s decision to defend its diversity, equity …
The Williams Cos. continued a 50-year history of paying quarterly dividends with the announced dividend of 50 cents per share. The dividend which translates to $2.00 annualized on the company’s common stock represents a 5.3% increase from Williams’ fourth-quarter 2024 quarterly dividend of $0.4750 per share paid in December 2024. The payment will be …
Alabama-based Diversified Energy announced it has made a $1.2 billion acquisition of Maverick Natural Resources of Houston in a deal involving Diversified’s expansion of operations in Oklahoma’s Anadarko Basin. A portion of the $1.275 billion acquisition directly offsets Diversified’s core Western Anadarko position with active development in the Cherokee Play, and provides a new …
If the efforts of Colorado regulators are successful, an oil and gas firm will be banned from operating in the states and adding its 107 old wells to the orphaned well program. KT Resources is being targeted by the Colorado Energy and Carbon Management Commission. The commission is being urged by staff to …
The Southwest Power Pool just gained a new member—El Paso Electric in Texas. The utility joined the SPP’s Markets+, a new energy market designed to provide enhanced grid reliability across the Western United States. Oklahoma and 13 other states make up the Power Pool. El Paso Electric is an energy provider that is engaged …
Coterra Energy Inc., one of the firms active in Oklahoma’s Anadarko Basin, announced it closed on a $3.9 billion acquisition of some Permian Basin assets of Franklin Mountain Energy and Avant Natural Resources. “Through the hard work of Franklin Mountain Energy, Avant Natural Resources, and the Coterra team, we are pleased to have closed …
We’ve reported how several eminent domain bills have been introduced in the Oklahoma legislature which convenes its 2025 session next week. Legislators will trail two other states where eminent domain for development of energy projects drew opposition. The South Dakota House passed a bill 49-19 to ban the use of eminent domain for carbon pipelines, …
Higher power prices are expected this week because of a number of factors, including the swelling growth of electricity needed for data centers across the U.S. The prediction from the U.S. Energy Information Administration includes not just electricity prices but natural gas prices as well because it has the highest use in power plants. …
