The stalled peace talks between Iran and the U.S. along with the continued Naval blockade of the Strait of Hormuz sent crude oil prices soaring even more on Wednesday. The closure continues amid the impasse between the two countries at war with each other. Another impact was the Tuesday decision by the United Arab Emirates …
Category: Oil & Gas
PSO battles for approval
Oklahoma regulators spent nearly three and one-half hours this week listening to Public Service Company’s request for nearly $1.2 billion in added electric power generating operations and to those opposing the projects. Corporation Commissioners started consideration of PSO’s rate application formally known as Case No. PUD2025-000064, a proposed $1.255 billion addition of new power resources. serving 562,000 customers …
Dividend increases at Williams
The dividend declared this week by Williams Cos. represented a 5% increase from a year earlier. The company’s board of directors approved a regular dividend of $0.525 per share, or $2.10 annualized, on the company’s common stock, payable on June 29, 2026, to holders of record at the close of business on June 12, 2026. This …
More challenges by 3 legislators
The three state legislators who challenged the billions of dollars in fuel charges passed to ratepayers following the 2021 winter storm Uri have filed more appeals with the State Supreme Court. A release made this week from the Oklahoma House stated that Reps. Tom Gann, R-Inola, Kevin West, R-Moore, and Rick West, R-Heavener, have filed two …
Trump huddles with oil execs
The White House confirmed President Trump and his top aides met this week with oil and gas executives at the White House where discussions were held about the impact of extending the blockade against Iran. What was not revealed was who exactly was among the oil leaders, although Axios reported Chevron CEO Mike Wirth was …
BLM promotes geothermal leases
The federal government is behind a plan to increase geothermal energy in southern new New Mexico. and it’s offering leases for sale to nearly 200,000 acres of desert land. The Bureau of Land Management announced it wants public comments about 68 parcels across 197,852 acres in Doña Ana, Grant, Hidalgo, Luna, and Sierra counties that …
Energy briefs—US extends blockade?
President sends message to Iran ** U.S. President Donald Trump urged Iran on Wednesday to ‘get smart soon’ and sign a deal, following days of deadlock in efforts to end the conflict and a media report that the U.S. would extend its blockade of Iran’s ports. Reduce global oil supply ** Nine weeks into the …
Oil shoots up on UAE decision
Tuesday’s decision by the United Arab Emirates to drop out of the global oil cartel OPEC sent crude oil prices upward with Brent crude reaching $111. The announcement came at a time when the ongoing war with Iran led to Iranian missile strikes on American bases in the country. The Strait of Hormuz remains closed …
Protection from data centers
The Oklahoma Senate Tuesday unanimously passed legislation from Sen. Grant Green, R-Wellston, to protect Oklahomans from higher utility costs as a result of the growing number of data centers across the state. The Senate passed an amended version of House Bill 2992, the Data Center Consumer Ratepayer Protection Act of 2026, that adds greater transparency requirements …
LNG prices soar in Europe
With natural gas prices the U.S. hovering around $2.50, the sticker shock across Europe sees the country paying nearly three times as much as in the states. Prices are up because of the US war against Iran and the shutdown of the Strait of Hormuz. Why focus on what’s happening in Europe? Because some of …