An Arkansas oil and gas company, White River Energy Corp., headquartered in Fayetteville, faces a civil lawsuit as well as a federal regulatory investigation over tribal tax credits. The lawsuit accused the firm of issuing alleged fake tribal tax credits. But the issue has also drawn the interest of the U.S. Senate Finance Committee …
Category: Oil & Gas
Gulfport completes stock redemption
Gulfport Energy Corporation in Oklahoma City announced that it has completed the redemption of its Series A Convertible Preferred Stock. On September 5, 2025, the Company redeemed a total of 2,449 shares of Preferred Stock at an aggregate redemption value of approximately $31.3 million, including accrued and unpaid dividends through the Redemption Date. …
PSO files under controversial new law—Corporation Commissioner calls it “terrible policy”
The flood of utility rate requests stemming from the new controversial law created by Senate Bill 998 is about to hit the Oklahoma Corporation Commission. “We’re gonna get flooded,” said Commissioner Todd Hiett in response to an OK Energy Today inquiry regarding a recent filing by Public Service Company of Oklahoma seeking a deferred …
Former regulator charges renewable energy projects face stricter rules than oil and gas in Oklahoma
Days after he testified before an Oklahoma Senate Energy Committee and spoke of the benefits of renewable energy projects in the state, former Corporation Commissioner Jim Roth said it’s time to balance property rights and energy policy. He made his declaration to Scott Mitchell on Hot Seat and further claimed that renewable projects in …
Williams deals with more pipeline opposition in North Carolina
Williams Cos. of Tulsa faces opposition for an expansion of another of its pipeline projects. It’s the Transco natural gas pipeline effort called the Southeast Suupply Enhancement Project. The project would expand the existing capacity of the Transcontinental pipeline which runs nearly 10,000 miles from Texas to New York. The expansion would be …
Where they’re drilling for oil and gas in Oklahoma
Oklahoma’s oil and gas drilling efforts are still mostly focused in the Cana Woodford Basin in the state but the Granite Wash play isn’t far behind with drilling activity. The latest rig count from Baker Hughes reported 17 active rigs were busy in the Cana Woodford and included at least 5 rigs in Grady …
More energy jobs lost in August in Oklahoma and U.S.
A new August 2025 jobs report from the Energy Workforce & Technology Council showed a loss of 448 energy jobs in Oklahoma while nationwide there was a decline of more than 6,000 positions. The Council declared that the job losses show a “continued labor market softening” across not justthe energy services sector but also the …
Energy briefs
** President Donald Trump said he was ready to sanction Russia after Moscow launched its largest air attack against Ukraine since the start of the war on Sunday, setting Kyiv’s government headquarters on fire and killing at least five, including one infant. ** The Trump administration scored a significant, but potentially temporary, win in its efforts …
Oil rig count unchanged in Oklahoma
The latest rig count released by Baker Hughes Co. showed an increase of one rig for a total of 537 oil and gas rigs drilling in the U.S. At the same time, Oklahoma’s numbers were unchanged from the previous week. The state’s count remained at 43 rigs. Nationally the rig count included a gain …
Crude oil prices fell Friday after weak job report
A weak U.S. jobs report led to a more than 2% loss in crude oil prices on Friday as some believe it dimmed the outlook for energy demand. Plus, there was the increase in U.S. crude oil supplies as reported on Thursday. Brent crude, the global standard, dropped $1.49 or 2.22% to settle …