President Trump’s pledge this week to increase U.S. oil production sent crude oil prices lower on Thursday. The drop followed a Wednesday report that the nation’s crude stockpiles were more than anticipated. It also had a hard slap in the face for many Oklahoma energy stocks. On Thursday, Trump again vowed to boost production …
The world’s largest asset managing firm, BlackRock Inc., already under pressure in Oklahoma over its ESG policy of a few years ago, now is the target of demands from Oklahoma Attorney General Gentner Drummond and at least 16 other attorneys general. They’ve sent a letter to BlackRock and a number of other large financial firms …
Oklahoma Corporation Commissioners now have a judge’s recommendation regarding the 2023 fuel costs of Public Service Company of Oklahoma. Following a Thursday morning “prudence” hearing on PSO’s Fuel Adjustment Clause (FAC) Judge Ken Behrens announced he had “carefully considered” the testimony offered in the matter and said he adopted the recommendation from the commission’s …
Energy Secretary Chris Wright went about his first day of business by ordering a reversal of the anti-oil and gas policies implemented by Jennifer Granholm, the woman who held the job in the Biden administration Wright, the former oil company leader from Denver, Colorado immediately signed an order to have the Energy Department “unleash …
It’s opposed by Evergy, one of the biggest electricity suppliers in Kansas, but the state legislature is considering a move to lower the return on equity for shareholders when retail rates increase more than 1% in a calendar year. The bill would grant grant the Kansas Corporation Commission authority to increase by 0.5% a …
ConocoPhillips is another energy company reporting lower fourth-quarter 2024 earnings as well as those for the year. The company had earnings of $2.3 billion or $1.90 a share compared with fourth-quarter 2023 earnings of $3 billion and $2.52 per share. Excluding special items, fourth-quarter 2024 adjusted earnings were $2.4 billion, or $1.98 per share, …
One of the renewable energy projects opposed by some Oklahoma landowners is a 4,650 acre solar farm proposed near the small town of Porter, the “Peach Capital of Oklahoma.” Wagoner County commissioners are scheduled to vote whether to approve the $335 million project at a Feb. 10 meeting. But it has its opponents among …
A public offering of 12 million common units by Mach Natural Resources LP was announced this week as it tries to repay outstanding borrowings. The Oklahoma-based firm said the units represent limited partner interests in the company and it will also grant the underwriters an option to purchase up to an additional 1,800,000 common …
Oklahoma U.S. Sen. James Lankford was one of six Senators who introduced legislation this week to enhance carbon capture incentives and energy production. He joined U.S. Senators John Barrasso (R-Wyo.),Bill Cassidy (R-La.), John Hoeven (R-N.D.), Jim Justice (R-W.Va.), and Tim Sheehy (R-Mont.) in the introduction of the Enhancing Energy Recovery Act (S. 425), which would create …
Tulsa’s Helmerich & Payne, Inc reported a $20 million or 22 cent per share drop in its first quarter net income but leadership remains optimistic about the second quarter results. The earnings report, released this week, showed the firm’s net income was $55 million or 54 cents a share compared to net income …
