The Williams Cos. continued a 50-year history of paying quarterly dividends with the announced dividend of 50 cents per share. The dividend which translates to $2.00 annualized on the company’s common stock represents a 5.3% increase from Williams’ fourth-quarter 2024 quarterly dividend of $0.4750 per share paid in December 2024. The payment will be …
Alabama-based Diversified Energy announced it has made a $1.2 billion acquisition of Maverick Natural Resources of Houston in a deal involving Diversified’s expansion of operations in Oklahoma’s Anadarko Basin. A portion of the $1.275 billion acquisition directly offsets Diversified’s core Western Anadarko position with active development in the Cherokee Play, and provides a new …
If the efforts of Colorado regulators are successful, an oil and gas firm will be banned from operating in the states and adding its 107 old wells to the orphaned well program. KT Resources is being targeted by the Colorado Energy and Carbon Management Commission. The commission is being urged by staff to …
Coterra Energy Inc., one of the firms active in Oklahoma’s Anadarko Basin, announced it closed on a $3.9 billion acquisition of some Permian Basin assets of Franklin Mountain Energy and Avant Natural Resources. “Through the hard work of Franklin Mountain Energy, Avant Natural Resources, and the Coterra team, we are pleased to have closed …
We’ve reported how several eminent domain bills have been introduced in the Oklahoma legislature which convenes its 2025 session next week. Legislators will trail two other states where eminent domain for development of energy projects drew opposition. The South Dakota House passed a bill 49-19 to ban the use of eminent domain for carbon pipelines, …
Higher power prices are expected this week because of a number of factors, including the swelling growth of electricity needed for data centers across the U.S. The prediction from the U.S. Energy Information Administration includes not just electricity prices but natural gas prices as well because it has the highest use in power plants. …
** Big Oil begins reporting fourth-quarter results this week, and outlooks for the coming year should reflect the dissonance between Trump’s oil and gas-maximizing agenda and investor expectations. The industry has pushed in recent years to drive down costs and increase production by using more efficient technology rather than drilling many new wells. ** Workers …
Not only did crude oil prices drop about 2% in Monday’s trading to reach a two-week low, but Oklahoma energy stocks suffered as well, some falling 7% and 8% in trading. What prompted the fall? News of growing interest over Chinese starup DeepSeek’s low-cost artificial intelligence model. It prompted concerns over energy demand …
A U.S. Energy Department grant of $18.7 million will help research into the nation’s largest direct air capture facility located in Oklahoma’s Osage County. Called CapturePoint, the firm will use the funding to carry out research into methods of storage of carbon underground without the extraction of fossil fuels. Capture Point is a …
Oklahoma’s Corporation Commissioners are scheduled to hold a regular meeting Tuesday. The agenda is as follows: Consideration of and possible vote(s) on proposed or potential orders in cases on the daily signing agenda docket. The Commission may discuss and consider alterations, revisions, or amendments to the proposed or potential orders. (Votes may be taken …
