One of the significant challenges of two state legislators in their lawsuit against the continued 2021 Winter storm fuel costs borne by customers of Oklahoma Natural Gas Company has been the lack of what they contend were legitimate audits of the expenses. Reps. Tom Gann and Kevin West have used the argument in the case …
Crude oil prices were back up again at mid-week and the upward spiral happened after both Israel and Iran threatened more attacks on petroleum operations. International prices rose to nearly $110 a barrel. Bunker busting bombs were dropped on missile sites along the Strait of Hormuz where oil tankers have been stalled. AAA reported that …
As Devon Energy prepares to hold an approaching annual meeting of stockholders where they will vote on the merger with Coterra Energy, the Oklahoma City company also released its earnings report this week covering the fourth quarter and all of 2025. Devon recorded operations generated $1.5 billion of operating cash flow and $702 million …
Days after Empire Petroleum Corporation announced plans in its year-end financial update to take advantage of the higher oil prices, the Tulsa energy company made another big announcement….it has elected to participate in a new oil and natural gas development program in Louisiana. Empire called the move a “meaningful addition to the Company’s ongoing development …
Motorists who rely on gasoline or electric vehicles might be totally unaware of the price of diesel fuel and how it’s soared since the war against Iran and the shutdown of the Strait of Hormuz where 20% of the world’s oil supply passes. But they might soon be paying close attention. Diesel fuel now averages …
https://www.facebook.com/reel/1913711342579525 The impact of the war against Iran on prices we pay at home. It’s a key discussion on the latest edition of Scott Mitchell Talks Energy with Jerry Bohnen as they delve into rising crude oil prices, prices at the pumps and more. Plus, a dropout of a Corporation Commission candidate and a data …
Stardust Power Narrows Losses, Advances Muskogee Lithium Refinery Lithium mining operator Stardust Power Inc. reported its losses in 2025 were less than the previous year and it is making permitting progress to advance toward construction and commissioning of its Muskogee lithium refining project. The developer of battery-grade lithium carbonate released its fourth quarter and year-ended …
Strait of Hormuz tensions and global oil supply risks The U.S. used 5,000-pound deep penetrator bombs to attack Iranian missile sites in the Strait of Hormuz. At present, following Iranian threats to target ships, many vessels are avoiding the Strait of Hormuz, a critical artery for the global energy market, through which about 20% of …
Arkansas Cooperative Seeks Approval for $2.6B Natural Gas Power Plant Arkansas regulators have been asked to approve construction of a $2.6 billion natural gas power plant by Arkansas Electric Cooperatives Corporation. The nonprofit filed its application this week and explained it wants to build the plant in Newark in northeast Arkansas to replace aging …
Crude oil prices rose nearly 3% on Tuesday with oil in the U.S. going up to more than $96 and Brent crude, the global benchmark, settling at more than $103 a barrel. Gasoline prices in the U.S. continued their slow climb to reach an average of $3.79 as U.S. and Israeli warplanes pounded Iran …
