Crude oil prices on Monday hit their lowest closes since early December, falling nearly 2% to a 12-week low and the drop dragged Oklahoma energy stocks down too, some as much as 11%. The drop in prices came after it was reported OPEC+ will move ahead with a planned oil output increase in April. …
The latest launching of broadband expansion projects in Oklahoma will involve AT&T Oklahoma and according to the Oklahoma Broadband Office will improve access in five counties. The counties are Alfalfa, Bryan, Latimer,Marshall and Wagoner and are in different areas of the state. The Broadband Office plans a launch ceremony Friday, March 7 at 11 am. …
A bill intended to enhance Oklahoma’s aerospace industry and move the state closer to becoming more attractive to companies developing systems in the space industry development won approval Monday in a state Senate Committee. Senate Bill 912, authored by Sen. Paul Rosino of Oklahoma City, won approval on a 10-o vote in the Senate …
The Oklahoma Department of Environmental Quality is processing the application of a New Hampshire company to build a bioprocessing plant to produce renewable natural gas from poultry litter. Argo Development Partners recently applied for a permit to construct what would be the first such plant in the state. The company is seeking a permit to …
Mach Natural Resources LP recently announced the successful closing of a senior secured reserve-based revolving credit facility with a syndicate of ten banks, including Truist Bank as administrative agent and collateral agent. The New Credit Facility has an initial borrowing base of $750 million. Mach used borrowings under the New Credit Facility—along with …
Only two of the nation’s oil and gas plays saw a gain in active rigs in the past week, according to the latest Baker Hughes rig count. While the plays in Oklahoma remained steady, the Permian Basin added one rig to increase to 305 and the Haynesville did the same increase, creating a total …
A lot has changed since 2022 when Oklahoma lawmakers created a law outlawing ESG or Environmental, Social and Governance applications by financing companies such as BlackRock Inc., the world’s largest asset manager. In recent months, BlackRock, known for being on the state Treasurer’s list of companies banned from doing business with state agencies, has …
The head of the New Mexico Oil and Gas Association says if a bill in the state legislature is approved to create an 85% tax increase on oil production, it will drive oil and gas production to Oklahoma and Texas. Further, Missi Currier, President of the group called it a direct threat to thousands …
Whether it is in direct response to the firing by Attorney General Gentner Drummond of attorneys hired last year by State Treasurer Todd Russ to defend a lawsuit challenging an anti-ESG law isn’t clear at this time. But the Oklahoma Senate Judiciary Committee on Tuesday will consider Bartlesville Sen. Julie Daniels’ SB 419 …
** Still on hold: Arkansas has halted its $54.1 million build-out of electric vehicle charging stations after the Trump administration froze federal funding. ** The Greek shipping company Eurobulk has been hit with a $1.1 million fine by a Texas judge after the company pleaded guilty to illegally discharging oily bilge water from one of its vessels. ** …
