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Crude settled above $100 on Friday as Iran vows to hit more ships in Strait of Hormuz
Crude oil prices finished up again on Friday as the Strait of Hormuz remained closed to oil shipping because of missile and drone attacks that left several ships burning as well as crude oil storage facilities in neighboring Middle East countries. The global benchmark, Brent closed up at more than $100 while WTI in the …
Chip Keating proposes data centers to be powered at the source of state’s natural gas
(Click below to view the entire interview) https://drive.google.com/file/d/1qUCvlaJ4VyTF5UdDbSRV3YqPGaufT3rr/view?pli=1 As a candidate for the Republican nomination for governor in Oklahoma, Chip Keating has some definite thoughts about energy. Put him down as a supporter of data centers in the state, but Keating, in an interview with OK Energy Today, includes his support with an alternative …
Corporation Commissioner David announces run for Congress
Oklahoma Corporation Commissioner Kim David didn’t waste any time after Oklahoma Congressman Kevin Hern announced he’s a candidate for US Senate. David, a Republican, wants to replace Hern as the state’s First Congressional Representative and made the announcement Thursday afternoon. “Others talk conservative,” said David. “I’ve spent my career delivering results. In Congress, I will …
Crude oil shot up again as Iran hit more oil tankers in the Strait of Hormuz
Crude oil prices bounced back up again Thursday after oil tankers and oil storage tanks were hit by Iranian drones and missiles in the Strait of Hormuz and in neighboring countries. After huge fires lit up the sky Wednesday night in Oman, targets of Iran’s drones, prices rose again, with West Texas Intermediate crude in …
Energy briefs
** The Trump administration says it will release 172 million barrels of crude oil from the Strategic Petroleum Reserve — about 40% of its supply — in an attempt to curb rising prices. ** Climate advocates file a lawsuit accusing New Mexico energy regulators of endangering residents’ health by failing to address thousands of unplugged, …
Leadership team expanded at USA Rare Earth
Stillwater-based USA Rare Earth announced this week an expansion of its leadership team following what the company called a “Landmark Agreement” with the U.S. government. Three senior executives were appointed including Valerie Ford Jacob as Chief Legal Officer, Gregory Bowman as Chief Global Policy Officer and Head of External Relations, and J.B. Lowe as …
Firefighters on alert in western Oklahoma
Despite this week’s storms that produced rainfall in some parts of Oklahoma, the western part of the state is still in a Red Flag Warning region. The Oklahoma Department of Agriculture, Food & Forestry said the warning was in effect Thursday in western Oklahoma, a region that did not receive much rainfall this week. …
Full-year earnings report issued by Unit Corporation
Unit Corporation reported a 10% increase in revenues from 2024 to 2025, according to the Tulsa firm’s just-released fourth quarter and year-end financial reports. Revenues grew, said the company, “primarily due to higher price realizations for natural gas.” It also said its operating costs decreased 4% from 2024 “primarily due to lower employee costs in …
Baker Hughes raises billions to finance acquisition
Baker Hughes Company just issued more than $9 billion in debt to finance its acquisition of Chart Industries Inc. The acquisition was announced last summer in which Baker Hughes agreed to acquire all of the outstanding chares of chart’s common stock in an deal valued at $13.6 billion. Chart is a global leader in …
SPP makes agreement with Grain Belt Express developers
It’s been a bumpy ride for the developers of the $11 billion Grain Belt Express transmission line to carry wind-powered electricity from southwest Kansas and across Missouri and Illinois to Indiana. But they made another development possible this month. After losing a $5 billion Department of Energy loan last year, the firm behind the 800-mile …