Earnings outlook across major energy and materials companiesEarnings season continues with updates expected from Occidental Petroleum (OXY), Energy Transfer (ET), Devon Energy (DVN), Transocean (RIG), Newmont (NEM), Pan American Silver (PAAS), Kinross Gold (KGC) and Nutrien (NTR). The reports are expected to provide insight into commodity pricing, production volumes, and capital discipline, according to Seeking …
February 2026 archive
Crude oil prices gained prior to resumption of US and Iranian talks
US and Iranian talks spur gain in crude oil prices As talks between the U.S. and Iran prepare to resume on Tuesday, crime oil prices rose in Monday’s trading. So did Oklahoma energy stocks. The talks are aimed at de-escalating tensions against a possibility of expected OPEC+ supply or production increases. Trade was also dampened …
Tyson and Cargill reach poultry settlements with Oklahoma
Attorney General Genter Drummond announced Friday a major breakthrough in Oklahoma’s 20-year poultry litter pollution litigation, securing settlements totaling more than $25 million from Tyson Foods and Cargill. The settlements mark a turning point in one of the state’s most significant environmental cases. “For over two decades, Oklahoma has fought to protect the Illinois River …
Oklahoma’s gasoline tax is among the lowest in the country
Not only does Oklahoma have the lowest gasoline prices in the nation, its tax on gasoline is among some of the lowest in the country. Not the lowest, but among the lowest. While California drivers pay the highest at 70.9 cents per gallon as of January 1, 2026, Oklahoma’s tax is 19 to 20 …
$11 billion New Mexico energy project takes another step
A California firm just closed on $11 billion of financing to complete the massive wind and transmission project across New Mexico and Arizona. The project SunZia, is 20 years in the planning, and once completed, would be the largest reported wind project in the Western Hemisphere, according to Electrek. Pattern Energy closed on the deal …
Lankford and others try again to eliminate “Superfund Tax” on oil and gas
They want the Biden administration tax repealed Oklahoma U.S. Sen. James Lankford is one of the co-sponsors of a bill to lower energy prices for American families by repealing the $12 billion “Superfund Tax” on U.S. energy production. The main sponsors of the “Pay Less at the Pump Act” were U.S. Senator John Barrasso (R-Wyo.) …
Bill to make Oklahoma more “pro-business” wins committee approval
Rep. Collin Duel, R-Guthrie, on Tuesday won committee passage of a bill he says will make the state pro-business and more competitive. House Bill 3498 is a modernization of the Oklahoma General Corporation Act and state LLC statutes. “This is a pro-business bill that would invite new investment in Oklahoma and ensure the businesses that are …
Crude oil made a small gain Friday but OPEC+ is talking of increased oil production
Crude oil down for the week with a slight gain on Friday Friday’s gain in crude oil prices was small enough that it could almost be described as neutral for the day, largely due to an overall slowdown in U.S. inflation. It offset supply worries as OPEC+ is reported to be leaning to a resumption …
Oklahoma rig numbers fall while US total is unchanged
The number of oil and gas rigs in the U.S. was unchanged in the most recent reporting period by Baker Hughes Co. but it indicated Oklahoma saw a decline of one to 45 rigs. Baker Hughes showed Oklahoma’s count declined to 45 compared to the previous week. Nationally, the count remained at 551. The number …
Data centers targeted in bill before House Energy Committee
Energy Meeting Scheduled When: Wednesday, February 18, 2026 10:30 AM Where: Room 206 Agenda: 1. Welcome and Introductions 2. HB4219 – Data centers; Data Centers Act of 2026; effective date. – Staires* 3. HB2440 – Environment and natural resources; creating the Environment and Natural Resources Reform Act of 2025; effective date. – Pfeiffer* 4. HB2596 – Public buildings and public …