Global Tensions and Economic Concerns Pressure Energy Markets Growing pessimism over global supply and demand sent crude oil prices slipping in Monday’s trading session. Analysts pointed to a mix of geopolitical tensions, sanctions, and economic strain as the leading factors behind the market’s downturn. The continued war between Russia and Ukraine, coupled with U.S. sanctions …
Whew! Rain at last? Well, maybe. At least that’s what the weather people are forecasting in the state. Among them is Oklahoma Climatologist Gary McManus with the Mesonet System who says a few inches of rain might fall within a day or two. “—that’s just the first in a series of systems that could …
Federal Grand Jury Charges Five in Multi-State Investigation A federal grand jury in El Paso, Texas, has indicted five men accused of stealing tens of thousands of dollars in crude oil from a storage yard in Carlsbad, New Mexico. The defendants—Maxwell Sterling Jensen, Thomas Rees, Christopher Ortega, Christian Contreras Varela, and German Ortiz Santillano—face charges …
Wildfire Counts Surge, Power Lines Identified as Major Ignition Source The state of Missouri is moving to strengthen wildfire-mitigation plans for its utilities after an alarming rise in wildfire activity linked to power-line infrastructure. The Missouri Public Service Commission (PSC) initiated the effort after data showed that utilities ignited thousands of wildfires through energized equipment. …
State Regulators Push Back on Federal Authority State utility regulators across the country are warning the Federal Energy Regulatory Commission (FERC) not to overstep its authority as the agency seeks to connect massive data centers to interstate power transmission grids. Members of the National Association of Regulatory Utility Commissioners (NARUC)—including Oklahoma Corporation Commission Chair Kim …
While the nation saw a gain of rigs in the oil and gas patches, Oklahoma’s count slipped. The latest Baker Hughes Rig Count showed an increase of 1 rig to reach 549 including a gain of 3 oil rigs for a total of 417. The number of gas-drilling rigs fell 3 to 125 and …
U.S. Utilities Face Sharp Increase in Natural Gas Costs A new report from the U.S. Energy Information Administration (EIA) projects that natural gas prices for utilities will rise by 37% by the end of 2025, driven by surging wholesale market costs. While consumers are expected to feel the impact, the cost increase for end users …
New Solar Facility Will Support Regional Data Center Power Demand Just days after announcing plans for a third Oklahoma data center, Google confirmed another major investment in renewable energy infrastructure—this time in Arkansas. Arkansas Business reports the company will be the exclusive buyer of power from the $123 million Redfield Solar Farm in Grant County, …
Broadband Expansion Project Breaks Ground in Eastern Oklahoma, Bringing New Opportunities to Rural Families and Businesses $1.5 Million Investment to Bridge Rural Connectivity Gap Rural eastern Oklahoma took another step toward closing the digital divide on Friday as state and community leaders gathered near the town of Okay to celebrate the launch of a $1.5 …
Company Advances Toward Final Investment Decision Stardust Power Inc., the company planning a lithium processing plant in Muskogee, said in its third-quarter financial report that it is close to a final investment decision and the start of construction. The financial report showed the firm remains debt-free, has $1.6 million in cash on hand, and improved …
