Empire Petroleum Reports Q3 Results and Operational Updates Q3 Financial Performance Empire Petroleum unveiled its third quarter earnings report this week indicating it is moving forward with increased operations in New Mexico and the Permian Basin. It reported Q3-2025 total product revenue of $9.4 million, a net loss of $3.8 million, or ($0.11) per diluted …
Breakthrough Results Position Litus for Commercial Scale-Up Battery metal producer Litus announced significant results from its LiNC pilot unit operating in Texas, achieving over 98% sustained lithium removal after processing thousands of liters of brine. The company said the performance validates both the technical readiness and commercial viability of its LiNC (Lithium Nanocomposite) technology. The …
New Rules Aim to Protect Ratepayers Amid Rising Power Demand Missouri has become the latest state in the central U.S. to adopt new regulatory measures designed to control the rapid expansion of data centers while preventing ratepayers from absorbing the high cost of supplying their massive power needs. The Missouri Public Service Commission (PSC) voted …
The latest Baker Hughes Rig count showed losses in two of Oklahoma’s plays where there had been significant activity. The Cana Woodford, according to the report, dropped 3 rigs leaving a total of 17 still active in the western Oklahoma play. The Granite Wash, another active play, saw its count drop by one to 12 …
U.S. ENERGY Firefighters Battle Blaze at Texas Decommissioned Power Plant Firefighters in southeastern Texas battled a massive blaze Sunday at a decommissioned power plant in Texas City, Galveston County, sending large plumes of smoke into the air. The fire broke out around 2:30 a.m., drawing 50 to 60 firefighters from multiple departments who worked throughout …
OG&E Fully Funds STEM Projects for Noble Public Schools Company Donates $6,000 to Support Hands-On STEM Learning Noble Public Schools teachers received a big surprise last week when Oklahoma Gas & Electric (OG&E) arrived with a $6,000 donation fully funding eight STEM classroom projects across the district. The announcement, celebrated with confetti and a big …
Global Tensions and Economic Concerns Pressure Energy Markets Growing pessimism over global supply and demand sent crude oil prices slipping in Monday’s trading session. Analysts pointed to a mix of geopolitical tensions, sanctions, and economic strain as the leading factors behind the market’s downturn. The continued war between Russia and Ukraine, coupled with U.S. sanctions …
Federal Grand Jury Charges Five in Multi-State Investigation A federal grand jury in El Paso, Texas, has indicted five men accused of stealing tens of thousands of dollars in crude oil from a storage yard in Carlsbad, New Mexico. The defendants—Maxwell Sterling Jensen, Thomas Rees, Christopher Ortega, Christian Contreras Varela, and German Ortiz Santillano—face charges …
While the nation saw a gain of rigs in the oil and gas patches, Oklahoma’s count slipped. The latest Baker Hughes Rig Count showed an increase of 1 rig to reach 549 including a gain of 3 oil rigs for a total of 417. The number of gas-drilling rigs fell 3 to 125 and …
