(Image courtesy of USA Rare Earth). USA Rare Earth, LLC, a company building a domestic rare earth magnet supply chain from mine to magnet, announced a major milestone in January – the successful production of its first batch of sintered permanent rare earth magnets at its new cutting-edge Innovations Lab currently under development in Stillwater, …
Stripper Well Association backs Trump’s tariff threats
Stripper well leaders have come out in support of President Trump’s plan to put a tariff on foreign crude oil production including Canada and Mexico. The National Stripper Well Association, once headed by Darlene Wallace of Seminole, Oklahoma, came out this week praising Trump for his leadership and highlighting the importance of curbing flows …
Congressman Cole announces $26 million in tornado relief for southern Oklahoma recreation area
Oklahoma Congressman Tom Cole says he’s obtained nearly $26 million in tornado relief for damages from 2024 storms that hit the Chickasaw National Recreation Area. It will come through the National Park Service. In a recent newsletter to his constituents, the long-time Republican Representative announced the $25.97 million in funds. “This funding will be …
Energy briefs
** Executives from a dozen U.S. power companies urge the Trump administration to roll back federal regulations on coal ash disposal and rescind recent enforcement action. ** Artificial intelligence companies pair with a Japanese investment firm to announce a sprawling data center complex with a 200 MW substation in Texas, which will be the first part of …
Pipeline wins eminent domain lawsuit before Appeals Court
The Oklahoma Court of Civil Appeals handed a victory this week to a pipeline company in a fight over eminent domain and condemned land in Logan County. The Court ruled in favor of DCP Southern Hills pipeline, LLC of Denver, Colorado after it had been sued in 2018 following the 2012-2013 construction of a …
Trump’s tariffs on Mexico and Canada sent crude prices down on Friday
As President Trump prepared to carry out his tariff on Canada and Mexico on Saturday, crude oil prices fell on Friday, adding to the week of losses. The 25% tariffs impacted investors and added to a 2.9% loss for the week by West Texas Intermediate crude. Brent fell 2.1% for the week. Both benchmarks …
Oklahoma sees a gain in rig activity
Oklahoma was one of three oil-producing states that saw an increase in rig activity in the past week, according to the most recent Baker Hughes Rig Report. Oklahoma gained one to reach 45 total rigs, compared to the 42 rigs reported one year ago. New Mexico saw a gain of 4 rigs for a …
You can call Doug Burgum “Mister Secretary”
Former North Dakota Gov. Doug Burgum won confirmation from the U.S. Senate Thursday to become the nation’s next Secretary of the U.S. Interior Department. Labeled a “good friend” by Oklahoma Gov. Kevin Stitt, Burgum was confirmed in a 79-18 vote as most Senate Democrats joined every Republican in the chamber. The confirmation vote came …
Trump’s tariff threats against Canada and Mexico keep oil prices in check
The threat of tariffs on Canadian and Mexican crude by President Trump held crude prices in check on Thursday but they managed to make small gains for the day. The President said if Canada and Mexico don’t do more to end shipments of fentanyl across U.S. borders, he will impose a 25% tariff …
EnLink shareholders approve $4 billion-plus acquisition by ONEOK
ONEOK, Inc. and EnLink Midstream, LLC announced that EnLink unitholders approved ONEOK’s previously announced $4.3 billion acquisition and of the remaining publicly held common units of EnLink. According to preliminary results of the EnLink Special Meeting of Unitholders, approximately 99.8% of the common units voted, or 379.1 million units, were cast in favor of …