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ONEOK sees higher earnings
ONEOK Increases 2026 Financial Guidance ONEOK, Inc. saw a big jump in first quarter earnings this year including a 12% increase in net income reaching $776 million. The Tulsa-based company reacted with an increased 2026 financial guidance, according to its announcement released this week. It also saw its net income reach $1.23 per share …
Trump huddles with oil execs
The White House confirmed President Trump and his top aides met this week with oil and gas executives at the White House where discussions were held about the impact of extending the blockade against Iran. What was not revealed was who exactly was among the oil leaders, although Axios reported Chevron CEO Mike Wirth was …
BLM promotes geothermal leases
The federal government is behind a plan to increase geothermal energy in southern new New Mexico. and it’s offering leases for sale to nearly 200,000 acres of desert land. The Bureau of Land Management announced it wants public comments about 68 parcels across 197,852 acres in Doña Ana, Grant, Hidalgo, Luna, and Sierra counties that …
Energy briefs—US extends blockade?
President sends message to Iran ** U.S. President Donald Trump urged Iran on Wednesday to ‘get smart soon’ and sign a deal, following days of deadlock in efforts to end the conflict and a media report that the U.S. would extend its blockade of Iran’s ports. Reduce global oil supply ** Nine weeks into the …
Oil shoots up on UAE decision
Tuesday’s decision by the United Arab Emirates to drop out of the global oil cartel OPEC sent crude oil prices upward with Brent crude reaching $111. The announcement came at a time when the ongoing war with Iran led to Iranian missile strikes on American bases in the country. The Strait of Hormuz remains closed …
Protection from data centers
The Oklahoma Senate Tuesday unanimously passed legislation from Sen. Grant Green, R-Wellston, to protect Oklahomans from higher utility costs as a result of the growing number of data centers across the state. The Senate passed an amended version of House Bill 2992, the Data Center Consumer Ratepayer Protection Act of 2026, that adds greater transparency requirements …
LNG prices soar in Europe
With natural gas prices the U.S. hovering around $2.50, the sticker shock across Europe sees the country paying nearly three times as much as in the states. Prices are up because of the US war against Iran and the shutdown of the Strait of Hormuz. Why focus on what’s happening in Europe? Because some of …
Energy briefs—rising oil prices
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, …
Tulsans face higher utility bills
While Tulsa customers of Public Service Company might be staring a rate hike in the face as the utility goes before state regulators with a more than $1 billion request, they also could be hit with water bill increases at home. That’s because the city of Tulsa’s proposed new budget includes yet another increase …
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 …