August 19, 2025 archive

Crude oil prices fell as talks grow closer for possible peace in Ukraine

  As leaders in Russia, Ukraine and the U.S. come closer to a possible meeting to end the fighting in Ukraine, one thing is certain…traders are growing optimistic a deal will be reached and tough sanctions on Russian crude oil won’t have to be implemented. It led to a fall  of about $1 a barrel …

Continue reading »

Oklahoma regulators to deal with sticky PSO financial issue

    Oklahoma Corporation Commissioners will hold a meeting Wednesday afternoon and at least one complicated issue could be resolved concerning Public Service Company of Oklahoma. At hand is PSO’s request concerning a Net Operating Loss Carry Forward request. The NOLC pertains to the utility’s request which involves when a business’es expenses exceed its income …

Continue reading »

Wind farm on public lands voted down by Oklahoma School Land Commission

  With Woodward County Commissioners campaigning against the project, the Oklahoma Land Commission voted 2-1 to kill a possible wind farm on school land in Woodward County. The Land Commission is comprised of Gov. Kevin Stitt, Lt. Gov. Matt Pinnell, Byrd, Superintendent of Public Instruction Ryan Walters and the President of the Board of Agriculture …

Continue reading »

Turnpike worker killed along Will Rogers Turnpike in NE Oklahoma

  The Oklahoma Department of Public Safey is investigating the Monday afternoon accident that left an Oklahoma Turnpike Authority employee dead. It was on the I-44 or Will Rogers Turnpike near Missouri when a tractor-trailer drifted off the highway and struck and killed Zachary Rhinehart, 36, of Vinita as he was afoot collecting debris. The …

Continue reading »

USDA to stop subsidies for solar projects that take up US farmland

    In Tennessee this week, U.S. Agriculture Secretary Brooke Rollins made an announcement that could have far-reaching impact on the spread of solar farms, even in Oklahoma, Kansas and Texas. Speaking after a Future Farmers of America breakfast in Lebanon, Rollins said there will be no more subsidies for solar energy panels that take …

Continue reading »

Energy briefs

** U.S. liquefied natural gas exports have reached record levels, driven by strong demand from both domestic industrial consumers and European buyers. Despite increasing natural gas production, the growth of U.S. LNG exports is threatened by insufficient pipeline capacity to transport gas to liquefaction facilities reports OilPrice.com. ** Colorado has become the first state  to …

Continue reading »

Empire Petroleum announces extension of previously announced rights offering

    Empire Petroleum Corporation, an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced that it has extended the expiration date of its previously announced subscription rights offering  pursuant to which it intends to raise gross proceeds of up to approximately $5.0 million, including $2.5 …

Continue reading »

ODOT names new District 5 engineer, directors for Local Government, Maintenance and Roadway Design

  The Oklahoma Department of Transportation has announced a new District 5 Engineer in Western Oklahoma and three new directors for its Local Government, Maintenance and Roadway Design divisions. Will Snipes was recently named ODOT’s District 5 Engineer and in  this role, he oversees all maintenance and construction operations across the 11 counties in western …

Continue reading »

Senator says Trump administration’s cancellation of $5 billion Grain Belt loan was “illegal”

  One New Mexico U.S. Senator complains the President’s recent cancellation of a nearly $5 billion loan for the Grain Belt Express power-line project from Kansas to Illinois was illegal. Sen. Martin Heinrich also contends the Energy Department’s move to call off the $4.9 billion loan to Invenergy  will only erode the private sector’s already …

Continue reading »

Lower oil prices haven’t affected Oklahoma’s rig counts so far

  The latest Baker Hughes rig count showed Oklahoma’s drilling activity is seeing no sign of weakening or declining, despite the drop in crude oil prices. Oklahoma’s count of 43 was unchanged from a week earlier and the figures showed the strongest drilling activity remains in the Granite Wash of the western region of the …

Continue reading »