Oil prices rose on Tuesday ** The stalemate in the war against Iran sent crude oil prices climbing again on Tuesday with Brent reaching $111 a barrel. Iran peace offer not well received ** U.S. President Donald Trump is unhappy with the latest Iranian proposal on resolving the two-month war, a U.S. official said, …
Category: Oil & Gas
ESG policies challenged
Oklahoma Attorney General Gentner Drummond is questioning the lawfulness of the three top credit rating agencies’ environmental, social and governance (ESG) policies. Drummond and 22 other state attorneys general sent a letter last week to Fitch Ratings, Moody’s, S&P Global Ratings and the Securities and Exchange Commission outlining their concerns about the agencies’ pledge to …
Advice to Devon Energy
With the near closing of its merger with Coterra Energy and the approaching move of headquarters to Houston, Oklahoma City’s Devon Energy is getting some advice to sell some of its assets. The advice came this week from Kimmeridge, the private investment firm focused on the energy sector. The firm released an open letter to …
Devon wins royalty fight
The federal appeals court in Denver has ruled in favor of Devon Energy in its fight with the Department of Interior over royalties from gas production in New Mexico. The challenge of the results of an audit involved more than $2.8 million and the Oklahoma City-based energy company took the federal government to court. …
Warning to regulators
The AARP in Oklahoma says state regulators should take note of the warning from consumers—-don’t shift the soaring costs of powering large data centers onto residential customers. An overwhelming 92% of Oklahomans age 50‑plus say elected officials should ensure residential customers do not pay for the costs of serving new large data centers, according to …
Iran blinks and oil rises
Even as Iran made an offer to open the Strait of Hormuz in a venture to end the war with the U.S., crude oil prices finished higher in Monday’s trading. The continued shuttering of the Strait as well as the U.S. naval blockade along with the President’s cancellation of weekend peace talks in Pakistan …
Higher PSO rates at stake
Months after filing an application for a 15% rate hike for its customers, Public Service Company finally gets it chances to make arguments in front of Oklahoma Corporation Commissioners. Regulators will hold what will likely be a lengthy hearing Tuesday afternoon on the rate application formally known as Case No. PUD2025-000064, a proposed $1.255 billion addition …
Earnings decrease at Alliance Resource Partners
Lower earnings were reported in the first quarter by Alliance Resource Partners, L.P., the major coal firm headquartered in Tulsa. Total revenues decreased 4.5% to $516.0 million for the 2026 Quarter compared to $540.5 million for the 2025 Quarter primarily due to lower coal sales pricing, partially offset by record oil & gas royalty revenues …
Oil drilling in Oklahoma
Still strong in western Oklahoma—-the state’s oil and gas industry drilling efforts. The latest Baker Hughes Rig Count showed Oklahoma gained a rig to reach a total of 43 in the past week, as OK Energy Today reported earlier. But a deeper dive into where the rigs are active showed the gain was in the …
Energy briefs–Iran blinks? New oil route?
After President Trump cancelled peace talks, Iran makes an offer ** Iran has offered to end its chokehold on the Strait of Hormuz in exchange for the U.S. lifting its blockade on the country and an end to the war, while proposing that discussions on the larger question of its nuclear program would come in a …