Crude oil prices dropped nearly 3% in trading on Friday, the day after Christmas and Oklahoma energy stocks suffered the same kind of day. Even though markets were quiet and trading was reported to be light, it was a sign that investors backed off trading for the day. West Texas Intermediate crude closed down2.8%at $56.74 …
Oklahoma Gas and Electric’s recent request for Corporation Commission approval of millions of dollars in expanded energy projects to meet growing AI electrical demand could be revisited. The utility recently filed a new request (PUD 2025-000084) to add another project carrying a price tag of $394 million, to the list of those approved on the …
Oklahoma’s oil and gas plays saw a gain of one rig to be added to the state’s latest rig count based on information from Baker Hughes Co. The Ada Woodford in eastern Oklahoma grew to 2 active rigs. Not the heaviest of drilling activity but it still reflected an increase. The Ardmore Woodford was …
Manufacturing didn’t change much in the month of December in Oklahoma, according to a December Manufacturing Survey taken by the Federal Reserve Bank of Kansas City. Oklahoma is among the several states that make up the Tenth District. The survey results were mostly unchanged while expectations for future activity remained expansionary. “Growth in …
Nearly a year after more than a million acres were burned in a massive Texas Panhandle fire that swept into western Oklahoma, eleven cities in the Panhandle have formed a coalition against Xcel Energy, the company accused of causing the February 2024 fire. Called the “Lonestar Eleven,” the coalition was formed because of what …
Stardust Power Inc., an American developer of battery-grade lithium carbonate, announced it has executed a Securities Purchase Agreement with a single institutional investor providing for up to $15.0 million in senior secured convertible debt financing to support early-stage construction activities at its lithium refinery project in Muskogee, Oklahoma. The facility includes an initial $4.0 million …
** President Donald Trump said Monday that he has spoken to U.S. oil companies about what happens after regime change in Venezuela. At a Mar-a-Lago press conference Monday to announce a new “Trump Class” of battleships, a reporter asked, if Trump had spoken to American oil companies “that have had their assets seized about what a post-Maduro regime …
While oil prices fluctuate over the latest effort to stop Venezuela from shipping oil elsewhere and the war in Ukraine creates an unsteady view of whether there will be a global oil glut or not, the number of oil and gas rigs active in the U.S. grew by 3 in the past week. The …
Crude oil prices were up slight in Tuesday’s trading but major gains were recorded in the price of natural gas and Oklahoma energy stocks. Oil prices finished higher as investors questioned whether there would be disruptions to oil supply from Venezuela and Russia. Then, there was the factor of stronger-than-expected U.S. economic growth. Reuters …
Oilfield crime draws New Mexico AG’s attention in Permian Basin Attorney General meets law enforcement after cartel-linked thefts Growing concerns about organized crime in the oil and gas fields of New Mexico have reached the office of Raul Torrez, prompting a coordinated law enforcement response in the heart of the Permian Basin. Torrez recently traveled …
