President Trump’s rejection of the latest Iranian peace proposal sent crude oil prices as he called it a “piece of garbage” and description of the ceasefire as being “on life support” had a reverberation on oil prices as they rose about 3% on Monday. The obvious conclusion was the Strait of Hormuz will be closed …
President favors gas tax suspension
If President Trump follows through with his statement Monday to CBS News that he will suspend the federal gas tax “for a period of time,” it would mean a drop of more than 18 cents per gallon for Oklahoma drivers. Fuel prices have soared since the U.S. went to war with Iran to stop the …
Kimray adopts employee stock plan
Kimray Inc., an Oklahoma City-based manufacturer of oil and gas control equipment, announced its transition to an Employee Stock Ownership Plan (ESOP). The move to employee ownership is a natural progression from the family stewardship that has carried Kimray through 78 years in business. “Our founder Garman Kimmell believed in building something that lasts, …
Shareholders at OGE Energy Corp.
The annual meeting of shareholders in OGE Energy Corp. will be held this week. It will be a virtual meeting at 10 a.m. CDT on Thursday, May 14. Proxy materials were sent to shareholders As noted in the Company’s Proxy Statement this year’s annual meeting is being held virtually. The items for this year’s annual …
Oklahoma’s drilling activity
Oklahoma’s growth of one rig in the past week in the oil and gas patch was in the Anadarko Basin. The Baker Hughes Rig Count showed Oklahoma reaching 44 rigs as of this week, one more than the previous week. The gain was in the Ardmore Woodford where the count grew from one active rig …
Finances improve at Mammoth Energy
Mammoth Energy Services, Inc. reported its first quarter financial earnings showing the Oklahoma City company ended the quarter debt-free. “The first quarter is a meaningful step forward for Mammoth and reflects the work we’ve been doing over the past several quarters to reposition the business,” said Mark Layton, Chief Financial Officer of Mammoth. The announcement …
Record energy production
Total energy production in the United States increased to a new record of 107 quadrillion British thermal units (quads) in 2025, a 3.4% increase from the previous record set in 2024, according to new data in the EIA’s Monthly Energy Review. Total production was driven by record-high production in natural gas, crude oil, natural gas …
Well plugging never ends
The Well Done Foundation is remediating abandoned and orphaned fossil fuel wells that pollute water, soils and the atmosphere. But plugging a borehole can be even harder than drilling it. When it comes to plugging abandoned wells in Oklahoma, the Inside Climate organization described Oklahoma as a “State full of derelict oil and gas …
Oil firms to benefit from grant
Oklahoma energy firms such as Empire Petroleum, Continental Resources and Devon Energy could eventually benefit from the intent of a $36 million Energy Department grant for oil and gas research in North Dakota. Sen. John Hoeven announced on Friday the Energy Department had officially awarded the $36 million to a project called Crack the Code …
Energy briefs–oil rises after President’s rejection
Rejection ** Oil rose after US President Donald Trump rejected Iran’s response to his latest peace proposal, prolonging the effective closure of the crucial Strait of Hormuz. Tehran’s offer ** Tehran offered to transfer some of its stockpile of highly enriched uranium to a third country, but rejected the idea of dismantling its nuclear facilities, …