** Oil company Chevron must pay $744.6 million to restore damage it caused to southeast Louisiana’s coastal wetlands, a jury ruled on Friday following a landmark trial more than a decade in the making. The case was the first of dozens of pending lawsuits to reach trial in Louisiana against the world’s leading oil companies for their role …
April 2025 archive
Oil prices tumble amidst tariff war–Oklahoma firms feel the pain
The tariff war launched by President Trump resulted Friday in a second day of tumbling values of shares in Oklahoma energy firms. Two companies, NGL Energy Partners and Vital Energy dropped 17% at the end of Friday’s trading. Ovintiv, while technically not an Oklahoma-based company but one with heavy exploration in the STACK and …
Big oil firms see drop in shares following Trump’s tariff war
Not only are Oklahoma energy firms seeing and feeling the impact of a tariff war between the U.S. and the rest of the world, so are major oil and gas firms in the nation. As Reuters reported, the U.S.. oilfield service firms are “bracing” for a hit as President Trump’s tariffs throw supply chains …
Iowa Governor stands by her ROFR support
Chastized by the Department of Energy for including a Right of First Refusal in an energy bill, Iowa Gov. Kim Reynolds recently responded with a defense of the ROFR inclusion. It’s what she wrote in a two-page letter to the DOJ which had warned her of its concerns her proposed state energy policy …
Mitchell talks energy with Jerry Bohnen—ROFR and the Trump administration’s stand against it
Scott Mitchell talks energy with Jerry Bohnen and in this episode, they discuss the stunning rebuke by the Trump administration of Right of First Refusal…..ROFR, the very topic that has stirred opposition by some against a bill in the Oklahoma legislature.
Oklahoma energy stocks suffer big plunges in trading
The impact of President Trump’s world-wide tariffs announced Wednesday had a shocking impact on Oklahoma energy companies as some recorded plunging values of 12% to 19%. Every one of the Oklahoma energy stocks followed daily by OK Energy Today recorded negative territory and for some, it was more of a steep cliff rather than …
Crude oil and Oklahoma energy stocks plunged Thursday after Trump’s tariffs
The U.S. markets and crude oil prices plunged Thursday following President Trump’s Wednesday announcement of new import tariffs around the world. Oklahoma energy stocks paid the price too with declines as great as 19%. Crude oil prices dropped 6%, their biggest percentage decline since 2022 after OPEC+ surprised the world with an agreed increase …
ConocoPhillips reported to be looking at selling its Oklahoma assets
ConocoPhillips looking to unload its nearly $1 billion in assets in Oklahoma? It’s what Reuters is reporting. The news agency says the company hired investment bank Moelis & Co to manage the sales process for the assets. The report is based on sources and not from official representatives at the company. It also indicated …
Nominees to state water, air and environmental boards approved
Nominations to state boards focused on water, the environment and air quality won unanimous approval Thursday in a meeting of the Oklahoma Senate Energy Committee. Mark A. Helm of Edmond was nominated to serve a second seven- year term to the Oklahoma Mining Commission. The vote was 6-0 for a term ending in 2032. …
Vital Energy’s 1Q results to be released in May
First quarter financial results at Vital Energy, Inc. will be released in early May. The company, based in Tulsa, said they will be made available following the close of markets on Monday, May 12. Its management plans a conference call to discuss the results the next morning at 7:30 on Tuesday, May 13. With a …