Oil Prices Slide as Iran Tensions Ease, Gas Plunges Crude prices retreat after strong January gains After posting their biggest monthly gains since 2022, crude oil prices dropped sharply Monday as geopolitical tensions between the United States and Iran appeared to ease. Iran is the largest member of the OPEC+ alliance, and any sign of …
FERC approves Transco Southeast Supply Enhancement Project The Federal Energy Regulatory Commission (FERC) has approved Transco’s Southeast Supply Enhancement Project, clearing the way for expanded natural gas pipeline capacity serving Virginia and North Carolina as utilities work to meet growing demand. South Dakota governor seeks funding to study nuclear energy South Dakota Gov. Larry Rhoden, …
Staghorn Petroleum Meets With Families After Blanchard Well Blowout The operator of an oil well that blew out near Blanchard last week has begun meeting directly with residents who were forced to evacuate their homes following the incident. According to KFOR TV, representatives from Staghorn Petroleum started holding meetings Monday with affected families as part …
Oklahoma Bill Seeks to Shield Oil and Gas Firms From Climate Lawsuits A bill filed ahead of the Oklahoma Legislature’s 2026 session aims to significantly limit civil lawsuits against oil and gas companies, particularly those alleging responsibility for climate change and greenhouse gas emissions. Energy Security and Independence Act Introduced Senate Bill 1439, filed by …
The drilling activity in one oil and gas play in Oklahoma saw a jump of 5 rigs in the past week, reported the latest Baker Hughes Rig Count. The state went from 43 rigs last week to 46 this week but the jump of 5 rigs was recorded in the Cana Woodford where the …
Even as Coterra Energy is being taken over by Oklahoma City’s Devon Energy in what’s being hailed as a merger worth $58 billion, Coterra still plans an upcoming release of its fourth-quarter and full year 2025 financial and operating results. The firm intends to release the report on Thursday, February 26 after the market …
The Petroleum Alliance of Oklahoma normally does not issue statements or comments about mergers and acquisitions in the oil and gas industry. But after reconsideration when pressed Monday, the Alliance’s President Brook A. Simmons did issue a formal statement. “Mergers, acquisitions, and divestitures have been part of this industry since the beginning. The combination …
While Oklahoma’s Anadarko Basin is not the premiere shale play for oil and gas production in the U.S., that honor belongs to the Permian Basin, the Anadarko remains a vibrant production of energy. The merger this week of Devon Energy with Coterra Energy raised the question whether the combined company might make a renewed …
The merger of Devon Energy with Coterra Energy came as expected early Monday —an all-stock transaction with a value of $58 billion. But it will mean the loss of the headquarters which will be transferred to Houston, Texas. Still unanswered is just how many Devon employees might be lost in a move of the headquarters. …
Reaction was swift Monday morning from Oklahoma and Oklahoma City leaders following the merger announcement between Devon Energy and Coterra Energy, particularly after confirmation that the headquarters of the combined company will move from Oklahoma City to Houston. While speculation about merger talks had circulated for more than a week, the decision to …