The Oklahoma Corporation Commission (OCC) has been contacted by the El Reno-based Bass Law Firm requesting the OCC to purchase a residence in Fort Gibson, OK where water has been reported entering the home from beneath the structure. Under Oklahoma law, the OCC does not have statutory authority to purchase this property. Since August …
Category: Oil & Gas
Mach to expand operations in 2026
Mach Natural Resources LP plans an expanded investment in its development for 2026 following the company’s release of financial and operating results for the three and 12 months of 2025. “Building upon last year’s momentum, our 2026 plan is designed to maximize distributions while staying true to our proven reinvestment approach. With a continued focus …
Energy briefs
** U.S. Secretary of Energy Chris Wright today directed Sable Offshore Corp. to restore operations of the Santa Ynez Unit and Santa Ynez Pipeline System to address supply disruption risks caused by California policies that have left the region and U.S. military forces dependent on foreign oil. Sable’s facility can produce approximately 50,000 barrels of …
Crude settled above $100 on Friday as Iran vows to hit more ships in Strait of Hormuz
Crude oil prices finished up again on Friday as the Strait of Hormuz remained closed to oil shipping because of missile and drone attacks that left several ships burning as well as crude oil storage facilities in neighboring Middle East countries. The global benchmark, Brent closed up at more than $100 while WTI in the …
Chip Keating proposes data centers to be powered at the source of state’s natural gas
(Click below to view the entire interview) https://drive.google.com/file/d/1qUCvlaJ4VyTF5UdDbSRV3YqPGaufT3rr/view?pli=1 As a candidate for the Republican nomination for governor in Oklahoma, Chip Keating has some definite thoughts about energy. Put him down as a supporter of data centers in the state, but Keating, in an interview with OK Energy Today, includes his support with an alternative …
Crude oil shot up again as Iran hit more oil tankers in the Strait of Hormuz
Crude oil prices bounced back up again Thursday after oil tankers and oil storage tanks were hit by Iranian drones and missiles in the Strait of Hormuz and in neighboring countries. After huge fires lit up the sky Wednesday night in Oman, targets of Iran’s drones, prices rose again, with West Texas Intermediate crude in …
Energy briefs
** The Trump administration says it will release 172 million barrels of crude oil from the Strategic Petroleum Reserve — about 40% of its supply — in an attempt to curb rising prices. ** Climate advocates file a lawsuit accusing New Mexico energy regulators of endangering residents’ health by failing to address thousands of unplugged, …
Full-year earnings report issued by Unit Corporation
Unit Corporation reported a 10% increase in revenues from 2024 to 2025, according to the Tulsa firm’s just-released fourth quarter and year-end financial reports. Revenues grew, said the company, “primarily due to higher price realizations for natural gas.” It also said its operating costs decreased 4% from 2024 “primarily due to lower employee costs in …
Baker Hughes raises billions to finance acquisition
Baker Hughes Company just issued more than $9 billion in debt to finance its acquisition of Chart Industries Inc. The acquisition was announced last summer in which Baker Hughes agreed to acquire all of the outstanding chares of chart’s common stock in an deal valued at $13.6 billion. Chart is a global leader in …
Legislators urge Supreme Court to end winter storm fleecing of ONG customers
In a scathing brief filed with the Oklahoma Supreme Court, two of the three legislators who have challenged the state’s use of bonds to allow utilities to pay for fuel costs during the 2021 Winter Storm Uri attacked Oklahoma Natural Gas Company, the Attorney General, Corporation Commissioner Todd Hiett, and former Commission Director of Administration …