Deal strengthens lubricant distribution across Oklahoma and region RelaDyne, the nation’s largest distributor of lubricants and a major supplier of fuels and industrial reliability services, has acquired Dennis Oil Company, a long-established Missouri-based blender and distributor of commercial and industrial lubricants. While financial terms of the transaction were not disclosed, the acquisition significantly expands RelaDyne’s …
Category: Oil & Gas
Energy Briefs: Gulf Coast freeze disrupts U.S. gas output
Gulf Coast Freeze Disrupts U.S. Energy Output ** Oil and gas refiners on the Gulf Coast shut down refining units amid freezing temperatures, disrupting as much as 10% of U.S. natural gas production. Exxon’s XTO Looks to Exit Eagle Ford Assets ** XTO Energy, an Exxon Mobil subsidiary, aims to sell its Eagle Ford shale …
SWEPCO wins rate hike for Arkansas customers
Arkansas regulators approve SWEPCO rate hike for power upgrades Arkansas customers served by Southwestern Electric Power Company (SWEPCO) will see higher monthly electric bills after the Arkansas Public Service Commission (PSC) approved an $85 million rate increase for the utility. According to reporting by the Arkansas Times, the rate hike will raise the average residential …
Stardust Power makes another hire
Stardust Power names Bruce Czachor as General Counsel Stardust Power Inc., the lithium development company advancing a major battery-grade lithium refinery in Oklahoma, has appointed Bruce Czachor as General Counsel, effective immediately. Czachor will oversee legal, regulatory, and corporate governance matters for the company and will report directly to Founder and CEO Roshan Pujari, according …
ONEOK chooses 2 new independent directors
ONEOK adds two independent directors to board ONEOK, Inc. announced that its board of directors has elected Mark A. McCollum and Precious Williams Owodunni as independent directors, effective January 23, 2026. Company officials said the appointments strengthen the board’s expertise in energy operations, finance, corporate governance, and executive leadership as ONEOK continues to expand its …
Iowa anti-eminent domain bill sparked by carbon capture pipeline project
As some eminent domain bills have already been presented for the Oklahoma legislature to handle when it convenes in early February, legislators in Iowa have dealt with an eminent domain bill that arose from opposition to the Summit Carbon Solutions pipeline project. The Iowa House passed a bill to ban the use of eminent …
SLB tops quarterly profit estimates
SLB, the world’s top oilfield services provider we once knew as Schlumberger, said the headwinds experienced in 2025 are behind it and the company showed it by beating Wall Street estimates for fourth-quarter profit on Friday. Quarterly revenue accounted for nearly 22% of the total and rose nearly 26% as SLB’s acquisition of ChampionX last …
Firm drilling rig totals reported in Oklahoma
Little has changed when it comes to the number of oil and gas drilling rigs active in the state of Oklahoma over the past week. The count remained at 43 in the latest Baker Hughes Rig Count released on Friday and the state’s oil and gas plays saw no change in their numbers. The …
ONE Gas schedules 4Q earnings release
Fourth quarter earnings for ONE Gas will be released in a few weeks. The Tulsa-based company said it plans a release of the fourth quarter and full year 2025 financial results after the market closes on Wednesday, Feb. 18, 2026. The ONE Gas executive management team will participate in a conference call the following day, …
Stillwater USA Rare Earth Wins Major Federal CHIPS Support
CHIPS Act-backed deal accelerates rare earth supply chain Stillwater-based USA Rare Earth, Inc. is giving up a potential 8% to 16% ownership stake in exchange for more than $1 billion in federal funding and loans, a move aimed at accelerating domestic production of rare earth minerals critical to semiconductors, permanent magnets, defense systems, and advanced …