The decision by Oklahoma’s Continental Resources to double down on its commitment to drilling in Argentina shows the reported competition by oil and gas companies to explore the country’s Vaca Muerta shale basin. It also reveals Continental just might have an edge in the international competition for the South American shale play. OilPrice.com reports the …
Energy briefs
** Oil prices climbed in early Asian trade on Monday as drone attacks on both the UAE and Saudi Arabia further dimmed hopes of any de-escalation in the region. The lack of a breakthrough on an Iran agreement during Trump’s visit to China also added to upward pressure for oil prices, with fears of major global …
Rig count gains in Oklahoma
The nation’s number of active oil and gas rigs increased in the past week and Oklahoma saw a gain as well, according to the latest Rig Count released by the Baker Hughes Co. The US count rose by 3 to reach 551 rigs while Oklahoma’s total grew by one to hit 45 active rigs in …
Lithium refiner updates finances
While it lost more than $5 million in the first quarter of 2026, lithium developer Stardust Power Inc. reported it is making headway in deploying capital toward engineering and readiness of its refining plant at Muskogee. “We made meaningful progress this quarter advancing the Muskogee refinery across key workstreams, including permitting, financing and feedstock development,” …
Oil surges along with Trump’s impatience with Iran
The markets reacted Friday to the growing tension and unrest on the U.S. efforts to reach a peace deal with Iran and crude oil prices surged with gains of 4% to 5%. President Trump’s latest comments showed he is growing impatient with Iran. “I am not going to be much more patient,” Trump said in …
Against LNG export pause
A bipartisan bill has been filed in Congress that is designed to prevent the kind of interference that the oil and gas industry faced with the Biden administration when it slowed LNG exports. U.S. Sens. John Cornyn (R-TX) and John Fetterman, D-PA) filed their LNG Export Security Act aimed at providing long-term certainty for American …
Results from OGE annual meeting
Shareholders of OGE Energy Corp. held their annual meeting on May 14 and elected 8 members to the Board of Directors as well as approving compensation paid to executives. The elected directors were: Frank A. Bozich, Peter D. Clarke, Lyle G. Ganske, Cathy R. Gates, David L. Hauser, David E. Rainbolt, Sheila G. Talton, and …
Energy briefs—Oil advances while inventories fall
Oil jumps up ** Oil prices advanced around 2% after U.S. President Donald Trump said he and Chinese President Xi Jinping agreed that Iran must not obtain nuclear weapons, while market concerns persisted over attacks and seizures involving ships near the Strait of Hormuz despite Tehran reporting increased maritime traffic through the waterway. Oil inventories …
Summit Carbon changes route
The controversial carbon pipeline backed by Oklahoma oilman Harold Hamm, among others, just announced a change in its route and it will avoid going through North Dakota and South Dakota after facing permitting obstacles. Summit Carbon Solutions had targeted North Dakota as the destination of its proposed carbon dioxide pipeline but announced this week a …
Power demands to soar
The kind of booming demand for electrical power seen in Oklahoma reflects what is happening across the U.S. and a new study claims U.S. electricity demand will rise more than 55% by 2050. It won’t be a small step upward in demand but a giant leap. The report is from the National Electrical Manufacturers Association …