Nearly all Oklahoma energy stocks were in positive territory Tuesday as crude oil prices rose more than $1 a barrel just one day after they had started the week down. At least one Oklahoma energy stock gained 10% while others were 6% and 8% higher. The price gains came after new U.S. sanctions against …
If State Rep. Trey Caldwell, R-Faxon and some lobbyists at the capitol aren’t feeling the heat, they should be after being blasted Tuesday by Corporation Commissioners who came out against two bills promoted by Caldwell and turned up the heat. They took up SB998 and HB2747 and in pointed comments aimed at Caldwell and utility …
A recent Securities Exchange Commission filing shows BlackRock Inc. is a holder of nearly 11% of the shares in Vital Energy Inc. of Tulsa. The Schedule 13G filing indicated BlackRock owns 10.9% of the company’s public shares. The total owned by BlackRock amounts to 4,147,879 shares. BlackRock was one of the firms targeted when …
We’ve lost track of which round it is in the political spat between Treasurer Todd Russ and Attorney General Gentner Drummond. But as we reported earlier Tuesday that Russ came out swinging again and accused Drummond of “trampling constitutional boundaries”, the Attorney General responded in kind later in the day with a statement. …
Four years after Winter Storm Uri left Oklahomans with billions of dollars in long-term utility payments, the storm is still with us. One of the latest examples is a lawsuit between HF Sinclair Refining and Marketing, LLC and NextEra Energy Marketing LLC. Their fight stems from a natural gas contract dispute arising from the …
Improved business operations that will add $1 billion a year in improvements for Devon energy were announced Tuesday by the Oklahoma City-based oil and gas company. It said its business optimization plan will improve margins and capital efficiency, growing free cash flow generation and driving significant shareholder value. “I’m excited to announce the details …
As U.S. Defense Secretary Pete Hegseth is in the headlines for the use of the messaging app Signal in which he reportedly revealed sensitive military secrets, now the office of Oklahoma Treasurer Todd Russ is involved in the same app. As reported by Oklahoma Watch reporter Paul Monies, the app was used by …
Just as some Oklahoma legislative committees have supported bills putting restrictions on wind and solar projects, the Texas legislature is doing the same. The state Senate in Austin voted 22-9 recently in support of Senate Bill 819 which puts restrictions on solar and wind power projects, requiring new permits, assessing fees, adding new regulatory requirements and …
** Crescent Energy Co. has closed on its divestment of non-operated Permian Basin assets for $83 million as part of the company’s plans to sell $250 million of non-core divestures, Crescent CEO David Rockecharlie said April 22. ** Activist investor Elliott Investment Management should back down from its push to break up energy company Phillips …
A Norman legislator wants to make sure utility ratepayers are not hit with the kind of historic bills that came out of the 2021 winter storm that resulted in bonds that won’t be repaid for nearly a quarter of a century. Sen.Lisa Standridge, a Republican authored a bill that recently won approval in the …
