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 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 …
In a scathing brief filed with the Oklahoma Supreme Court, two of the three legislators who have challenged the state’s use of bonds to allow utilities to pay for fuel costs during the 2021 Winter Storm Uri attacked Oklahoma Natural Gas Company, the Attorney General, Corporation Commissioner Todd Hiett, and former Commission Director of Administration …
New attacks on crude oil tankers trying to slip through the Strait of Hormuz heightened the world’s growing energy crisis as Iran refused to an unconditional surrender called by President Donald Trump. It resulted in a nearly 5% gain of crude oil prices. The attacks on three more ships only increased fears of worsened …
Oil prices aren’t the only commodity being felt because of the military strikes on Iran by the U.S., Israel and Middle Eastern allies. Oil prices soared this week to $119 a barrel and by late Wednesday had settled into the upper $80s for West Texas Intermediate and lower $90 for Brent crude. But ask …
The President of USA Rare Earth, Inc. based in Stillwater says the company’s recent $73 million acquisition of Texas Mineral Resources Corp. will “secure our defense industry and our, frankly, the technology industry as well.” It’s what Barbara Humpton, CEO of USAR, explained Wednesday in an interview on Fox Business Channel’s Mornings with Maria. …
** U.S. President Donald Trump announced on Tuesday the opening of an oil refinery in Brownsville, Texas and thanked Indian energy company Reliance for its investment. Trump made the announcement on Truth Social, saying the America First Refining project would “fuel U.S. Markets, strengthen our National Security, boost American Energy production, deliver Billions of Dollars in …
(U.S. Energy Secretary Chris Wright and Congressman Gabe Evans R-CD 8, meet with the press at the Ft. St. Vrain Generating Station near Platteville, Colo., to talk about how Colorado energy policies are threatening the state’s economy on March 9, 2026 (Scott Weiser, The Denver Gazette) Colorado was warned this week that its state …
Energy Transfer is seeking approval approval from the Federal Energy Regulatory Commission to build a 17-mile pipeline in Southern New Mexico but it’s already run into opposition from some state Democratic lawmakers and environmental groups. The Texas-based company filed a request with FERC to construct the pipeline in Dona Ana County, home to Las …
A day after President Trump predicted a quick end to the war with Iran, crude oil prices plummeted, falling from a high of $119.50 a barrel on Monday morning to the lower $80 in the U.S. It didn’t mean there was any drop in the attacks by the U.S. and Israel on Iran’s missile …
