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Judge stops Wyoming drilling project of Continental Resources and Devon Energy
A federal judge has ruled against a massive 5,000-well project in Wyoming involving two Oklahoma oil and gas companies. Continental Resources and Devon Energy, based in Oklahoma City, along with Anschutz Exploration of Colorado were involved in the Converse County Oil and Gas Project that was nullified in a decision by U.S. District Judge …
Ascent Resources plans expanded drilling in 2026
An expanded drilling program is the goal of Oklahoma City-based Ascent Resources. The company released its fourth quarter and full year 2025 earnings report an indicated it will increase 2026 land spending by nearly 40% up to nearly $225 million. The company wants to beef up its long-term inventory and also take advantage of the …
Oil tax revenue dropped last month in Oklahoma
Gross production tax revenue for the month of February in Oklahoma took a nearly 10% drop, according to the February Revenue report issued by the State Treasurer. The tax revenue from oil and gas production was $87.4 million with a decline of 9.9% in the last year, reported Treasurer Todd Russ. “February’s report reflects …
Tulsa city council asked to implement data center moratorium
Tulsa City Council members are being asked to consider a one-year moratorium on approval of any data centers in the city. The issue as presented by councilwoman Laura Bellis is on the agenda for Wednesday’s meeting. 6. ORDINANCES ‐ FIRST READING a. Consideration and possible approval, adoption, denial, amendment or revision of an Ordinance …
County leaders in Wichita extend their data center moratorium
While the city of Tulsa considers a year-long moratorium on data centers, officials in Wichita, Kansas recently voted to extend their existing 90-day pause. Sedgwick County Commissioners voted to extend the moratorium until June after residents asked for the extension. As a result, the moratorium will be extended from April 17 to June 11. County …
Harold Hamm—-U.S. Senator? Maybe
The news spread quickly. By Friday morning, rumors circulated that Oklahoma oilman Harold Hamm, the man who founded Continental Resources and became a billionaire, had asked Oklahoma Gov. Kevin Stitt to be appointed U.S. Senator. Hamm wasted little time, according to reports, in phoning the governor Thursday evening after it was reported President Trump …
Oil and gas rig activity still strong across the U.S. as prices climb to $90
As crude oil prices hit more than $90 a barrel on Friday, the number of active drilling rigs in the U.S. showed a slight increase while Oklahoma’s count was unchanged. The Baker Hughes Rig Count released on Friday indicated the U.S. total grew by one to 551 and the breakdown reflected an increase of 4 …
$105 oil arrives during expanding war by US and Israel against Iran
As Iranian crude oil storage tanks burned following weekend attacks by Israeli warplanes, crude oil prices soared to more than $100 a barrel on Sunday. Prices in the U.S. hit $105.70 a barrel following a $14.80 or 16.28% jump for West Texas Intermediate crude. Brent crude, the global benchmark, rose to $106.50 a barrel after …
Oil, gasoline, diesel fuel rose again while fighting grew against Iran
While fighting continues in the Middle East and the US, Israel and other countries are relentless in their attacks on Iran, crude oil prices rose again on Thursday. Both benchmarks finished the day’s trading into the $80s as the Strait of Hormuz remained closed to oil-transporting tankers. Brent crude, the global standard finished up with …
Boles Bill to Protect Consumers From Data Center Costs approved in House committees
Data Center Consumer Protection Bill Advances in Oklahoma House Legislation designed to protect Oklahoma electricity consumers and ratepayers from the growing energy demands of large data centers and artificial intelligence facilities is moving forward in the state Legislature. A measure titled the “Data Center Customer Protection Act of 2026” recently cleared two House committees and …