Category: Oil & Gas

Lithium development status

Lithium battery developer Stardust Power Inc. plans a release of its first quarter 2026 earnings in the coming week.  Investors and firms that have made commitments to the firm will get an idea of its financial abilities as it moves forward with its Oklahoma development. The Connecticut-based company with a project underway at Muskogee in …

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Producers jump at new oil pipeline

(Jim Parkin via Alamy)   The Bridger Pipeline, the one approved last week by President Trump, is filling up quickly. At least commitments from oil suppliers have been made and the line hasn’t even been built. As reported by Cowboy State Daily in Wyoming, the $1 billion pipeline project has received commitments totaling 400,000 barrels …

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Unit suffers major earnings drop

As Unit Corporation attempts to increase revenues following the sale of its drilling subsidiary in late 2025, the Tulsa-based company revealed in this week’s first quarter earnings statement it had divested nearly $19 million in Oklahoma’s Anadarko Basin. It also suffered a 74% drop in net income from a year ago. “On April 27, 2026, …

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Devon completes merger

Devon Energy Corporation and Coterra Energy Inc. say their merger is completed and formalized. As of Thursday, they became one, with the company to bear the name Devon Energy. Leaders of the two firms say the result of their merger created a premier large-cap shale operator with a high-quality asset base anchored by a leading position …

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PSO finances STEM grants

  This fall, Oklahoma FFA chapters will have the opportunity to turn their STEM ideas into reality because of a $40,500 grant by the Public Service Company of Oklahoma (PSO) Foundation to the Oklahoma FFA Foundation. Oklahoma FFA chapters located in areas served by PSO or where major PSO facilities operate can now apply to …

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Oil prices fall during peace talks

  Reports suggested the U.S. and Iran are at their closest point to reaching a peace deal to end their war and the news sent crude oil prices downward to two-weeks lows on Wednesday. Brent crude, the global benchmark, fell nearly 8% with a drop of $8.60 a barrel, closing at $101.27. In trading earlier …

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PSO request on hold

Ratepayers of Public Service Company of Oklahoma will have to wait until Monday to learn whether regulators will give preapproval to the utility’s request for $1.2 billion in power generation expansion projects. Corporation Commissioners spent time early Wednesday morning discussing the request following extended hearings last week and again this week in which there was …

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Increased gas production by Gulfport

Gulfport Energy Reports First Quarter 2026 Financial and Operational Results Gulfport Energy saw a 7% increase in its total production in the first quarter of the year, reaching 996.8 MMcfe a day. The Oklahoma City company had $121.7 million in CapEx which included $117.9 million in drilling and completion expenditures along with $3.9 million of …

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Record earnings at Williams

Williams Announces Record First-Quarter 2026 Results   Williams Companies recorded record earnings in the first quarter of 2026 driven by a 13% gain in its EBITDA reaching $2.25 billion. The Tulsa company, in announcing its unaudited financial results for the three months ended March 31, 2026, credited strong performance in the company’s natural gas transmission …

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Devon misses 1Q revenue

  Devon Energy CEO Clay Gaspar called the first quarter another “strong quarter” for the company as the firm exceeded earnings expectations. But it also fell short on revenue as shares decline 1.6% after the Oklahoma City company announced its report on Tuesday. Devon reported production averaged 833,000 barrels of oil equivalent a day during the …

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