Simmons: EPA’s repeal of the Endangerment Finding returns agency to common-sense policies When President Trump announced last week his decision to repeal the Environmental Protection Agency’s so-called “endangerment finding” it was a move that was welcomed with wide open arms at the Petroleum Alliance of Oklahoma. So much so that President Brook A. Simmons …
U.S. natural gas production to reach record highs in 2026 and 2027 The U.S. Energy Information Administration is out with a forecast that U.S. natural gas marketed production will increase by 2% to average 120.8 billion cubic feet per day (Bcf/d) in 2026 and then further increase to a record-high 122.3 Bcf/d in 2027. The prediction …
The latest Baker Hughes Rig Count indicated a decline of one rig in Oklahoma but its numbers also indicated no change in the drilling activity in the state’s Anadarko Basin. The Cana Woodford, according to Baker Hughes, saw no change with 22 rigs. The Granite Wash also remained at 13, same as a week …
Earnings outlook across major energy and materials companiesEarnings season continues with updates expected from Occidental Petroleum (OXY), Energy Transfer (ET), Devon Energy (DVN), Transocean (RIG), Newmont (NEM), Pan American Silver (PAAS), Kinross Gold (KGC) and Nutrien (NTR). The reports are expected to provide insight into commodity pricing, production volumes, and capital discipline, according to Seeking …
US and Iranian talks spur gain in crude oil prices As talks between the U.S. and Iran prepare to resume on Tuesday, crime oil prices rose in Monday’s trading. So did Oklahoma energy stocks. The talks are aimed at de-escalating tensions against a possibility of expected OPEC+ supply or production increases. Trade was also dampened …
Not only does Oklahoma have the lowest gasoline prices in the nation, its tax on gasoline is among some of the lowest in the country. Not the lowest, but among the lowest. While California drivers pay the highest at 70.9 cents per gallon as of January 1, 2026, Oklahoma’s tax is 19 to 20 …
A California firm just closed on $11 billion of financing to complete the massive wind and transmission project across New Mexico and Arizona. The project SunZia, is 20 years in the planning, and once completed, would be the largest reported wind project in the Western Hemisphere, according to Electrek. Pattern Energy closed on the deal …
They want the Biden administration tax repealed Oklahoma U.S. Sen. James Lankford is one of the co-sponsors of a bill to lower energy prices for American families by repealing the $12 billion “Superfund Tax” on U.S. energy production. The main sponsors of the “Pay Less at the Pump Act” were U.S. Senator John Barrasso (R-Wyo.) …
Crude oil down for the week with a slight gain on Friday Friday’s gain in crude oil prices was small enough that it could almost be described as neutral for the day, largely due to an overall slowdown in U.S. inflation. It offset supply worries as OPEC+ is reported to be leaning to a resumption …
The number of oil and gas rigs in the U.S. was unchanged in the most recent reporting period by Baker Hughes Co. but it indicated Oklahoma saw a decline of one to 45 rigs. Baker Hughes showed Oklahoma’s count declined to 45 compared to the previous week. Nationally, the count remained at 551. The number …
