Author's posts
Oil climbs to 2-week high on hopes of an interest rate cut
Oil Prices Rise Nearly 1% as Fed Rate Cut Expectations Boost Markets Crude oil prices climbed nearly 1% on Friday, hitting a two-week high as investors anticipated a possible interest rate cut by the U.S. Federal Reserve. Traders expect a rate reduction to stimulate economic growth, which in turn boosts demand for energy and crude …
Unit Corporation announces payment and record dates for 4th Quarter cash dividend
Unit Corporation announced that the quarterly cash dividend of $1.25 per share of common stock for the fourth quarter of 2025 will be paid on December 26, 2025, to shareholders of record as of the close of business on December 16, 2025. The quarterly cash dividend will be funded by cash on the Company’s …
Advanced reactor pilot project picks eastern Kansas for site
Deep Fission, Inc. , a pioneering advanced nuclear energy company placing small modular pressurized water reactors in boreholes one mile underground, announced that it has selected the Great Plains Industrial Park in Parsons, Kansas, as the site of its advanced reactor pilot project. The Berkeley, California-based company will hold a groundbreaking ceremony on Tuesday, December …
Rescheduled ODOT Commission meeting on Monday
After icy weather last week forced a postponement of the meeting of the Oklahoma Department of Transportation Commission, the members will meet Monday. Members will meet at 11 a.m. in the R.A. Ward Transportation Building, 200 N.E. 21st St., Oklahoma City. Members of the public and media are invited to attend or watch the livestream. …
Energy briefs
** U.S. Interior Secretary Doug Burgum says New England and California are to blame for their own high electricity rates because of policies that drove fossil fuel power plants to close, and also says the states’ use of imported oil makes them national security risks. ** An oversight group for PJM Interconnection calls on the …
Harold Hamm-Backed Summit Carbon Faces Rougher Road in ND
(Representatives from Summit Carbon Solutions present during a Department of Mineral Resources hearing related to a carbon dioxide storage permit on June 11, 2024, in Bismarck. A judge’s order could have implications for the storage permit, which was later approved by state regulators. Photo by Kyle Martin/For the North Dakota Monitor) Harold Hamm-Backed Summit Carbon …
State Rail Plan to be updated in ODOT effort
The Oklahoma Department of Transportation requests public input as it launches an update to its State Rail Plan. Last updated in 2021, the plan addresses existing and future passenger and freight rail services in Oklahoma. ODOT seeks feedback on State Rail Plan The Oklahoma Transportation Department is launching a project to assess and review …
Think tank blisters CWIP laws, urges end to them
New Report Takes Aim at CWIP Laws, Calling Them a “Hidden Tax” on Power Bills A new blistering report from the Manhattan Institute targets the growing use of CWIP — Construction Work in Progress — and takes the policy to the woodshed. The report argues that CWIP laws allow utilities to “gold plate” projects, stretch …
Ethics violations were raised previously against Todd Hiett
When Oklahoma Gas and Electric filed a request for Corporation Commissioner Todd Hiett to recuse himself from an ongoing rate case, it did so claiming ethics were at the heart of its claims. The utility accused him in its November 26 filing in case 2025-000038 of a “clear bias against OG&E.” The filing was made …
Oklahoma’s rig count is steady while US saw increase
U.S. Rig Count Rises as Oklahoma Holds at 41 National Rig Count Update While Oklahoma’s rig activity was unchanged in the past week, the nation saw a gain of 5 oil and gas rigs to reach a total of 549, according to the latest Baker Hughes Rig Count released on Friday. The national report indicated …