Reports that the U.S. and Iran are edging to a limited and temporary peace agreement sent crude oil prices slipping on Thursday. Reuters reported the draft framework would stop the fighting but still leave the most contentious issues unresolved. Adding to the drop in crude was a report that Saudi Arabia and Kuwait had removed …
A reported recall petition has been initiated against Yukon’s Mayor and Vice-Mayor over the city’s efforts to negotiate development of a data center. Social media reported this week Yukon resident Joe Horn requested Mayor Brian Pillmore and Vice-Mayor Jeff Wooten to resign and when they declined, Horn presented the city clerk a petition initiating …
( Gov. Kevin Stitt signs House Bill 1371 during The Petroleum Alliance of Oklahoma Sine Die celebration Wednesday. ) State lawmakers and Gov. Kevin Stitt have finalized a landmark agreement between mineral owners and the oil and gas industry with the passage and signing of House Bill 1371. The measure represents a show of unity, …
Failed blockade runner ** A US Navy fighter jet disabled the rudder of an Iranian-flagged tanker on Wednesday with its 20 mm cannon. The tanker was trying to bypass the blockade of Iran’s ports, the US military said. Strait of Hormuz ** Shipping intelligence firm Lloyd’s List says the Strait of Hormuz is now closed, …
Lithium battery developer Stardust Power Inc. plans a release of its first quarter 2026 earnings in the coming week. Investors and firms that have made commitments to the firm will get an idea of its financial abilities as it moves forward with its Oklahoma development. The Connecticut-based company with a project underway at Muskogee in …
(Jim Parkin via Alamy) The Bridger Pipeline, the one approved last week by President Trump, is filling up quickly. At least commitments from oil suppliers have been made and the line hasn’t even been built. As reported by Cowboy State Daily in Wyoming, the $1 billion pipeline project has received commitments totaling 400,000 barrels …
As Unit Corporation attempts to increase revenues following the sale of its drilling subsidiary in late 2025, the Tulsa-based company revealed in this week’s first quarter earnings statement it had divested nearly $19 million in Oklahoma’s Anadarko Basin. It also suffered a 74% drop in net income from a year ago. “On April 27, 2026, …
Devon Energy Corporation and Coterra Energy Inc. say their merger is completed and formalized. As of Thursday, they became one, with the company to bear the name Devon Energy. Leaders of the two firms say the result of their merger created a premier large-cap shale operator with a high-quality asset base anchored by a leading position …
As gasoline prices were only a penny or two away from $4 a gallon in Oklahoma City this week, drivers obviously complained and in some cases, talked of cutting back on long-distanced trips. As I paid $4.75 for a cup of coffee this week at one Oklahoma City restaurant, it led to a discussion about …
American Electric Power Co., considered to be one of the largest utilities in the U.S. and also parent company to Public Service Company of Oklahoma, is threatening to pull out of the Southwest Power Pool grid. And it involves data centers. It also might do the same with the PJM Interconnection LLC, the largest regional …
