June 2025 archive

Banker says it’s time to reverse some of the targets of Oklahoma’s anti-ESG law

  Bartlesville banker Trevor Dorsey says it’s time Oklahoma followed Texas’ lead in removing BlackRock Investment from being blacklisted through use of a challenged anti-ESG law. In an opinion piece, Dorsey, who is not only a Senior Vice President at Prosperity Bank but also Vice-Mayor of Bartlesville, said the implementation of Oklahoma’s Energy Discrimination Elimination …

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Increased July 4th holiday travel predicted in Oklahoma

From sea to shining sea―and from the Panhandle to Broken Bow―AAA is projecting strong travel volume for the upcoming Independence Day holiday.  Nearly 643,000 Oklahomans among 72.2 million Americans are expected to travel for the approaching Independence Day holiday. “Travelers are gearing up for a busy Fourth of July travel period across the Sooner State,” …

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Energy briefs

** Thousands of households in New York, New Jersey, and Pennsylvania lose power as temperatures soar above 100 degrees and air conditioning use strains the grid. ** According to the Energy Information Administration, in 2023, nuclear power and renewable energy sources, such as solar power and wind power, accounted for 18% of the total energy …

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Senate bill increases value of tax credits to use CO2 captured to produce more oil

    Oil and gas producers would benefit from a bill drafted in the U.S. Senate where they would get a tax credit to capture carbon emissions and bury them underground. The Senate Finance Committee’s proposal would amount to a tax credit of $85 per ton, not the $60 per metric ton as approved in …

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Oklahoma regulators to meet Wednesday

  Oklahoma Corporation Commissioners have a meeting scheduled for Wednesday afternoon. The agenda follows. Item Topic I. A. Call to order B. Announcement concerning public notice C. Determination of quorum II. Recognition of Employee Service III. Approval of minutes of prior meeting(s) IV. Consideration of and possible vote(s) on proposed or potential orders in cases …

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Halliburton enters lithium mining efforts in Texas

    Halliburton is an energy industry name long associated with oil exploration and production. But the Texas-based company, which got its start in Duncan, Oklahoma, is expanding its energy exploration efforts into lithium mining. It was recently awarded a contract to plan and design a geothermally-powered lithium mining project in the far northeast Texas …

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Crude oil prices drop again as ceasefire remains fragile

    While the world holds its breath wondering if the cease fire between Israel and Iran will hold in place, crude oil prices dropped 6% in Tuesday’s trading. A day earlier, they had fallen 7%. It’s an indicaton that investors apparently have strong expectations the ceasefire between Israel and Iran will hold and not disrupt …

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About one-fifth of global liquefied natural gas trade flows through the Strait of Hormuz

  Not just oil flows through the Strait of Hormuz, the strip of sea that Iran said it would close in response to the U.S. bunker busting bomb attack last weekend. According to the U.S. Energy Information Administration, a lot of liquefied natural gas is transported through the Strait. In 2024, about 20% of global …

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Undiscovered oil reserves in New Mexico?

    New Mexico is one of two states with a major undiscovered oil and gas reserves that the U.S. Geological Survey believes exists on public lands. The Interior Department recent announced the undiscovered resources are under the federally managed public lands of the U.S. Estimations say there could be technically recoverable resources of 29.4 …

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Oklahoma’s rare minerals development catches world’s attention

  This week’s announcement by Westwin Elements of obtaining a long-term contract for its refining of Nickel at a facility in Lawton had a global impact. One publication suggested Oklahoma is a leader in the rare minerals production and competition with China. Certainly, it drew the attention of at least one worldwide media group which …

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