** The Trump administration considers selling oil and gas leases in the Arctic Ocean more than 200 miles offshore, but experts say the industry may not be interested due to resource and legal uncertainty. ** North Dakota lawmakers advance a proposal that could offer up to $500 million in subsidies to support the development of …
May 2025 archive
New Mexico among Democratic states suing Trump over wind energy order
While Oklahoma Attorney General Gentner Drummond joined 23 other Republican AGs in suing Vermont over its Climate Act, 18 Democratic attorneys general sued President Donald Trump on Monday, seeking to block the administration’s “categorical and indefinite” pause on approvals for new wind energy projects. New Mexico Attorney General Raul Torrez was among those who argued …
Williams firing on all cylinders says CEO—higher earnings in 1Q
Higher earnings were reported by Williams in its first quarter driven by a $59 million increase in net income while adjusted EBITDA reached $1.9 billion. Net income totaled $690 million or 56 cents a share. Both were higher than a year earlier…net income gained 9% and share income rose 8%. Adjusted net income was …
Coterra Energy trims spending and oil directed operations after 1Q financial results
Coterra Energy Inc. released its first quarter 2025 financial and operating results this week and announced it was reducing its oil-directed activity, lowering its cap-ex range and also the number of active rigs in operation. “As our industry faces macroeconomic uncertainty and oil price headwinds, we believe it is prudent to reduce oil-directed …
AG Drummond calls Vermont Climate Act a “direct” attack on Oklahoma energy producers
Oklahoma Attorney General Gentner Drummond says he joined a 24-state coalition challenging Vermont’s Climate Superfund Act because he considered it a “direct attack on Oklahoma’s energy producers and the thousands of hardworking Oklahomans employed in this critical industry.” As reported earlier this week by OK Energy Today, West Virginia Attorney General J.B. McCuskey …
Private meeting of Corporation Commissioners held May 1
A scheduling conflict, how to prepare press releases and development of new branding—topics of the latest non-public meeting of Oklahoma Corporation Commissioners. A May 6 filing of their Open Meeting Act Exempt Event Compliance Form showed the form was completed May 5 and commissioners met May 1 at 10:30 in the morning. It …
ATT fined thousands by Kansas regulators for slow response to 811 calls
Telecommunications giant AT&T just got fined $60,000 by the Kansas Corporation Commission for breaking the state’s Underground Utility Damage Prevention Act. Regulators, fed up with a growing number of complaints that AT&T was not timely in locating underground lines, assessed the fine for 60 violations in a 30-day span. Just like in Oklahoma, homeowners …
New leadership at Williams as new President and CEO is named
Williams in Tulsa is about to come under the leadership of a new president and CEO as longtime leader Alan Armstrong is moving up as executive chairman of the company’s Board of Directors. Taking his place as president is Chad Zamarin, currently executive vice president of Corporate Strategic Development. He will succeed him as president …
Oil prices down—Brent crude close to falling less than $60
Not only did crude oil prices fall more than $1 a barrel on Monday, but Oklahoma energy stocks suffered as well with at least two firms recording more than 9% losses in the value of their stocks. The decision by OPEC+ to speed its output increases raised concerns about the global supply and …
Treasurer says Senator’s op-ed piece was “misleading” about energy discrimination Act
Oklahoma Treasurer Todd Russ is swinging back at a Tulsa State Senator who endorsed a legislative bill to remove enforcement of an anti-energy discrimination law and put it in the hands of the Attorney General. Sen. Dave Rader issued an op-ed piece last week supporting SB714 which arose from the ongoing dispute between …