Stardust Power, the company that broke ground recently for a $1.2 billion lithium refinery at Muskogee, announced a public offering for the purchase and sale of up to more than 4.7 million shares of common stock. The Connecticut-based firm, developer of battery-grade lithium products called the pricing of its “reasonable best efforts” public offering …
After a dip in third quarter earnings reported in November, ONE Gas, Inc. prepares for the release of fourth quarter and full year 2024 financial results in the coming month. Investors will be wanting to know if the fourth quarter brings stronger results. The release of financial earnings will be made after the market …
Two bills filed in the Oklahoma legislature to be considered in the upcoming legislative session call for lower gross production taxes on oil and gas production in the state. Sen. Dusty Deevers, R-Elgin, introduced SB311 which would lower the state’s current 7% gross production tax to 5%. “Upon the production of oil a tax …
** As promised, President Donald Trump began reversing the country’s energy policies his first day in office with a spate of orders largely favoring oil, gas and coal. But there is one renewable energy that did find favor: geothermal. Energy experts say that makes sense — geothermal energy makes electricity 24/7. Many people working in the field …
As President Trump urged Saudi Arabia and OPEC to lower the costs of oill, crude oil prices fell 1% on Thursday. Trump made the call during an address at the World Economic Forum in Davos, Switzerland. At the same time, U.S. crude oil stockpiles slipped to their lowest level since March 2022 last week …
The State Ethics Commission confirmed this week it is conducting an investigation into complaints against Corporation Commissioner Todd Hiett who stands accused of criminal wrongdoing over drunken incidents last year and violation of state ethics rules. The complaints were originally filed by Reps. Tom Gann, Kevin West and Rick West. NonDoc reported the ethics …
Crude oil supplies fell both nationally and at the Cushing Hub in Oklahoma as of the most reporting period from the federal government. The Energy Information Administration reported a decline of 1 million barrels nationally. As of the week of Jan. 17, the U.S. crude stocks totaled 411.7 million barrels, down from the 412.7 …
The two men picked to head the Interior Department and the Energy Department received support Thursday from committees in the U.S. Senate. The full senate is where the nominations of former North Dakota governor Doug Burgum to head the Interior Department and Denver oilfield services leader Chris Wright to run the Energy Department will head …
Two natural gas suppliers fighting lawsuits and investigations of price manipulation allegations stemming from the 2021 Winter Storm Uri in Kansas lost a second federal judge’s decision this week. Kansas City federal Judge Angel D. Mitchell ruled against the firms who are fighting a consolidated lawsuit by ratepayers to produce the same documents the …
There’s no shortage of bills filed in the approaching Oklahoma legislative session when it comes to utilities. Some focus on natural gas supplies, wind farms, alert systems, a nuclear energy study and CO2 sequestration facilities. Norman State Sen. Lisa Standridge filed SB1001 which would create restrictions on a public utility’s advertising expenses. “If a public …
