The changing status of the war in Iran keeps oil prices changing ** Oil and natural gas prices rose after the US Navy seized an Iranian ship during a chaotic weekend that saw Tehran firing at vessels and reimposing controls in the Strait of Hormuz. ** Oil and natural gas prices rose after the US …
Category: Oil & Gas
Financial backing for Stardust Power
Oklahoma lithium refiner Stardust Power, Inc. just obtained up to $150 million in more financial backing for its Muskogee refining plant. The company said it entered into a Letter of Intent with a single institutional investor to support project level financing at the planned lithium refinery. Stardust did not identify the institutional investor but explained …
ECU honors Mike Cantrell
One cannot consider Oklahoma’s energy history without mentioning the name of Mike Cantrell. The list of his oil and gas connections is long—Oklahoma Energy Producers Alliance, National Stripper Well Association, Oklahoma Independent Petroleum Association, Domestic Energy Producers Alliance and National Association of Royalty Owners, just to name a few. Cantrell will soon be honored by East …
Regulators win court fight
The Oklahoma Corporation Commission came out on top in a recent legal fight with an Oklahoma energy company as the Oklahoma Court of Civil Appeals ruled in its favor. The fight stemmed from the Commission’s decision to uphold contempt citations issued against Oil Field Production Inc. of Tulsa for violating OCC rules and regulations. The …
Unchanged rig activity in Oklahoma
A deeper look into the latest numbers from the Baker Hughes Rig Count shows that while the national count fell by two in the past week, activity remained steady in Oklahoma. The state’s count of 42 rigs was the same as the previous week and a review of where they were drilling was unchanged. …
Data center moratorium in Pawhuska
Put the city of Pawhuska on the list of government entities that put the brakes on a possible data center development project. The city Public Works Authority voted earlier this month for a full moratorium through the end of 2026. During the meeting, protesters outside the hall could be heard shouting, “Residents do not …
Energy briefs
** Iran said on Friday that it had reopened the Strait of Hormuz to commercial vessels, sending oil prices tumbling. The key oil artery would remain “completely open” for the duration of the ceasefire in the Middle East, Tehran announced. ** The U.S. military is readying to board ships linked to Iran and seize commercial vessels in international waters …
Devon to release 1Q earnings while awaiting merger approval
More than two months after Oklahoma City-based Devon Energy announced its $58 billion merger with Coterra Energy and intentions to move headquarters to Houston, Texas, Devon plans a release of its first-quarter 2026 financial results. The earnings release will be made on Tuesday, May 5 after the close of U.S. financial markets. Company leaders will …
Ratepayer protection bill to Senate
The proposed Data Center Customer Protection Act of 2026 is on its way to be voted on by the Oklahoma Senate after winning recent unanimous approval in a Senate Energy Committee hearing. Proposed originally by Rep. Brad Boles, R-Marlow and also a candidate for the Oklahoma Corporation Commission, the measure is designed to protect consumers …
FERC addresses data center power needs
A decision might be coming in June on the growing controversy over data centers and their connection to the nation’s electric grids and it could have a direct impact on Oklahoma’s questions. Federal energy regulators say they intend to have a decision sometime in June about the government’s proposed reforms for interconnecting data centers and …