A record $256 million was recorded in the recent oil and gas lease in New Mexico. The August sale, according to the New Mexico State Land Office, broke revenue records for a second straight month. The record came after the state had created a new 25% royalty rate for premium oil and gas …
August 2025 archive
Google follows Oklahoma investments with world’s large hydroelectric power agreement
A week after Google announced its plan to inject $9 billion in Oklahoma’s data center indutry, the company unveiled the world’s largest corporate clean power pact for hydroelectricity. Google gained control of nearly three gigawatts of U.S. hydropower in a deal with investment firm Brookfield Asset Management. The tech megacorporation has acquired the rights …
OCC officer credited with helping save motorist from burning vehicle
Two off-duty officers proved to be the likely difference between life and a fiery death for a crash victim Wednesday along I-40 East of Sallisaw. A driver, reportedly travelling at a high rate of speed, lost control of his vehicle and crashed through multiple trees in the median before coming to a stop. …
Crude oil prices rose while Ukraine and Russia bicker over peace talks
While Ukraine and Russia blame one another for stalling any possible peace talks, oil prices climbed on Thursday by nearly a dollar a barrel. As Reuters reported, the path to peace in Ukraine remained uncertain, turning oil traders cautious after a selloff over the past two weeks on hopes that U.S. President Donald …
Supreme Court moves on challenges to Oklahoma Winter Storm rate hikes
The Oklahoma Supreme Court moved ahead this week consolidating the three challenges of billions of dollars in rate hikes stemming from the 2021 Winter Storm Uri made by three Republican legislators. The billions in increased costs were left on the backs of consumers after the Corporation Commission granted securitization and involve an estimated $5 …
President Trump is Making America Energy Dominant Again—Sen. Markwayne Mulllin
U.S. Sen. Markwayne Mullin is boasting again about the merits of the President’s One Big Beautiful Bill, claiming it is paving the way for the resurgence of powerful and reliable American enery to the nation’s grid. “This bill rescinds handouts and economically draining subsidies while including critical energy reforms to reduce our reliance on foreign …
ConocoPhillips expands LNG business
ConocoPhillips announced it has signed a long-term sales and purchase agreement (SPA) to purchase 4 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from the Port Arthur LNG Phase 2 project under development by Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE), in Jefferson County, Texas. Under the agreement, ConocoPhillips will offtake LNG over …
Even with Trump’s support, Williams faces more opposition over pipeline into New York
Even as Williams is hoping to land New York approval of finally constructing natural gas pipelines in the state, it’s still facing a strong push from environmentalists and other critics. The latest contention came after Lee Zeldin, Administrator of the U.S. Environmental Protection Agency wrote a Boston Globe op-ed published this month in which …
Barclays Energy-Power conference to hear from Williams and Devon leaders
The Barclays CEO Energy-Power Conference in New York City will be held next week and representatives of two major Oklahoma energy firms will make presentations. Williams President and Chief Executive Officer Chad Zamarin along with Chief Financial Officer John Porter are scheduled to participate in meetings with investors at the upcoming 2025 Barclays …
$3 billion data center proposed in North Dakota
The data center boom has made its way to North Dakota where a $3 billion project has been announced. With groundbreaking to be made in September, the project will become the 22nd such data center in the state according to a Data Center Map website. Only 5 such centers are located in South Dakota. …
