** The President’s move to revoke the scientific basis for the federal regulation of greenhouse gas emissions in America is expected to go to the courts. The finding itself has its roots in the legal system. Back in 2007, the Supreme Court ruled that the EPA had the authority to regulate greenhouse gases under the …
Category: Oil & Gas
Tensions ease in Middle East sending crude oil prices down
Tensions and less demand sent prices downward Crude oil and Oklahoma energy stocks suffered losses on Thursday. Oil retreated due to falling demand and the easing of concerns about a renewed Middle East conflict between the US and Iran. Reuters reported global oil demand will rise more slowly than previously expected this year, the International …
Oklahoma’s gross production tax revenue grew in January
Oklahoma saw a gain in its gross production tax revenue from oil and gas in the state for the month of January, according to State Treasurer Todd Russ. The January tax revenue was released this week showing total revenue for January was $ 1,531,773,919.77. Revenue from oil and gas production tax was $85.2 million, an increase …
Devon and Expand relocations fuel Oklahoma tax debate
Was tax issue at the center of relocations by the two oil and gas firms? When Devon Energy recently announced the relocation of its headquarters from Oklahoma City to Houston, Texas, one observer noted Texas had no state income tax. Oklahoma does. Now that Expand Energy followed a week later with a similar announcement but …
PSO’s parent company saw 13% gain in revenues
American Electric Power, the parent company to Public Service Company of Oklahoma, reported its revenues of $5.31 billion rose 13.2% from the year-ago quarter’s level of $4.70 billion. Full-Year Revenue Performance For 2025, the company recorded revenues of $21.88 billion, which missed the Zacks Consensus Estimate of $21.96 billion. The full-year top line, however, improved …
Making Oklahoma a top Iodine producer in the world
Oklahoma House Panel Advances Iodine Production Bill A bill that could perhaps make Oklahoma number one in iodine production in the world won approval in the Energy Committee of the Oklahoma State House. Oklahoma is the only state nationally where iodine is produced. Extracted iodine is considered critical for pharmaceuticals, X-ray contrast media, animal feed, …
Energy briefs: Administration revokes EPA called “regulatory overreach”
U.S. Energy Developments ** The Trump administration on Thursday revoked a scientific finding that long has been the central basis for U.S. action to regulate greenhouse gas emissions and fight climate change, the most aggressive move by the Republican president to roll back climate regulations. The rule finalized by the Environmental Protection Agency rescinds a 2009 government …
Crude oil prices higher amidst tense U.S. and Iranian talks
Crude oil prices finished nearly 1% higher in Wednesday’s trading as U.S. and Iranian negotiators continued their talks about nuclear armament in an attempt to avoid military conflict in the Middle East. Tension still exist as some military observers believe there will be another U.S. attack on Tehran. At the same time, investors reacted …
Constant rig count reported in Oklahoma’s energy plays
Oklahoma saw no change in its rig count in the past week and the most active oil and gas play remained the Cana Woodford. The latest Baker Hughes Rig Count reported 22 rigs are active in the Cana. The Granite Wash was home to the next highest number of active rigs and it was a …
Increased earnings reported by Williams Cos. in 4Q
Williams announced its unaudited financial results for the three and 12 months ended Dec. 31, 2025, and missed what some analysts had predicted. Earnings were 55 cents a share, three cents blow the consensus estimate of 58 cents. Still, the earnings beat the 47 cents per share reported one year ago and it was largely …