August 7, 2025 archive

News of Trump-Putin meeting sent crude oil down for another day

    Make it six straight days of dropping crude oil prices. On Thursday, prices fell about half-a-dollar on word that President Trump and Russian President Vladimir Putin will meet, possibly in a few days, all in the name of bringing an end to the war between Russia and Ukraine. The fall in prices came …

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ConocoPhillips finalizes $1.3 billion sale of Oklahoma oil and gas assets

    ConocoPhillips confirmed Thursday its sale of more than $1 billion in oil and gas assets it held in Oklahoma. The company’s confirmation came in its announcement of second quarter financial results in which it stated, “Signed an agreement to sell Anadarko Basin assets for $1.3 billion, expected to close at the beginning of …

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Widening of I-35 in southern Oklahoma approved by Transportation Commissioners

    Oklahoma Transportation Commissioners did more than receive a report on the status of bridge safety in the state during their meeting this week. One move was another phase of I-35 widening which was approved in a $16 million project for the area between mile markers 5 and 8 near Thackerville. This project will …

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Wagoner County Commissioners deny claims of solar farm lawsuit

    Wagoner County Commissioners have responded to a lawsuit and appeal by Persica Solar, LLC following the denial of a conditional permit for a proposed 5,000-acre solar farm near Porter. In their response filed this week in Wagoner County District Court, the commissioners denied many of the claims and allegations made by Persica, a …

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Cushing Hub sees slight gain in crude oil stocks

    The amount of crude oil in storage at Oklahoma’s Cushing Hub increased by 400,000 barrels in the past week, according to a new government report. The U.S. Energy Information Administration reported Cushing’s current balance was 23 million barrels as of the week of August 1. It was an increase from the 22.6 million …

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OGE’s line crews compete in the 34th annual Linemen’s Expo

    Oklahoma Gas and Electric Company (OG&E) line crews went head-to-head in the 34th annual Linemen’s Expo, an annual companywide friendly competition showcasing its line workers’ skills and stamina. Families and colleagues were among the spectators cheering on the line crews who tirelessly help contribute directly to a healthy power grid, ensuring our customers receive …

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Nuclear power to be considered for Denver International Airport

    The Denver International Airport wants to study whether nuclear power could be used to provide energy for the 34,000 acre operation. Officials at DIA announced this week they are soliciting a study on such a feasibility in an effort to make the giant air operation energy independent. “We will need a sustainable power …

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Largest data center in the world to be built in Utah

    Utah could become home to what is billed as the world’s largest data center. Earlier this summer, Millard County Commissioners unanimously voted to rezone nearly 1,100 acres for the data center proposed by a company named Fibernet MercuryDelta, LCC, a firm created just three years ago. The commissioners who supported the rezoning and …

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Energy briefs

** The Department of the Interior is launching a full review of offshore wind energy regulations to ensure alignment with the Outer Continental Shelf Lands Act and America’s energy priorities under President Donald J. Trump. ** Private equity firm Blackstone has agreed to acquire Enverus, an energy data and analytics provider. Blackstone is acquiring Enverus from owners …

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Ascent Resources went from a first quarter loss to big gains in 2Q

  From a net loss of $362 million in the first quarter to net income of $467 million in the second quarter—it’s what Ascent Resources Utica Holdings, LLC reported in its second quarter 2025 operating and financial results. The Oklahoma City company, one of the largest private producers of natural gas in the United States …

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