Facebook’s parent company Meta isn’t stopping at a recent agreement to get electrical power from an Oklahoma wind farm in its data center growth across the U.S. Meta now intends to build a large data center in Louisiana, powering it with a 10,000-acre solar farm, three natural gas turbines and 100 miles of new …
PHX set to release 4Q earnings amidst reported search for prospective buyer
While PHX Minerals Inc. might still be in the hunt for a possible merger or sale, the Fort Worth company plans to release its year end financial results in the coming month. With Oklahoma among its list of core focus efforts, the ccompany will release the results following the close of market on …
Expand Energy reports strong 4Q with plans to boost gas drilling in 2025
Even with a net loss of nearly $400 million in the fourth quarter, it was still a strong quarter for Expand Energy Corporation. “The global need for reliable, affordable, lower carbon energy has never been greater. Our strong fourth quarter results and 2025 outlook clearly demonstrate, as the nation’s largest gas producer, we are …
Energy briefs
** Diamondback Energy Inc. is in talks to form a power joint venture that would solve some of the shale giant’s own needs in the Permian Basin while also selling electricity to artificial intelligence data centers in West Texas. ** Holtec International, the Florida-based company seeking to bring back online the decommissioned Palisades nuclear power plant …
Increased gasoline supplies sent crude oil prices falling on Wednesday
Crude oil prices took another hit in Wednesday’s trading and as a result they reached two-month lows following reports of increased fuel supplies in the U.S. even as crude oil stocks declined. Gasoline and distillate inventories made a surprising gaine in the past week. Prices were also affected by a potential peace agreement …
Crude supplies dipped across the U.S. but grew at the Cushing Hub
The nation’s crude oil stocks dipped more than 2 million barrels ast of the week of Feb. 21 according to the federal government. But a gain was recorded at Oklahoma’s Cushing Hub. The U.S. Energy Information Administration reported stocks totaled 430.2 million barrels in the most recent reporting week, down from 432.5 million as …
Rep. Bice introduces bill to reverse Biden administration’s slow walking of oil and gas permitting
No more “slow walking” of oil and gas permits as the nation saw under the Biden administration. Congresswoman Stephanie Bice (R-OK) introduced the Bureau of Land Management (BLM) Mineral Spacing Act this week. The bill would streamline and improve the permitting process for energy development, remove duplicative regulations, and better respect the rights of …
Corporation Commission’s own records will be used against it in legislator’s challenge of PSO rate hike
The Oklahoma Supreme Court is allowing the minutes of a dozen meetings of Oklahoma Corporation Commissioners to be used by Rep. Tom Gann in his lawsuit against the agency. Chief Justice M. John Kane IV signed the order last week after Gann requested the use of a number of documents in the suit he …
Arkansas legislators consider bill stripping some power from utility regulators
State regulators in Arkansas might lose some of their regulatory power if a bill filed this week in the state legislature becomes law. Under the Generating Arkansas Jobs Act of 2025, utilities will get more freedom in setting the rates paid by customers. It would remove some power from the Public Service Commission, which …
Rep. Lucas’ dream of sending man to Mars remains alive in the House
The push by Oklahoma Congressman Frank Lucas to send man back to the moon and onto mars when he chaired the U.S.House Science, Space and Technology Committee received a boost Wednesday during a congressional committee hearing. The hearing, Step by Step: The Artemis Program and NASA’s Path to Human Exploration of the Moon, Mars, and …