When Devon Energy and Coterra Energy completed their merger on Thursday, the newly combined company, still called Devon Energy, also announced an $8 billion share buyback program. It was part of a series of capital return actions announced by Devon Energy Corporation. In making the announcement, Devon said the buyback actions reflect the board’s confidence …
OG&E recognizes OKCPS teacher as May Power Educator of the Month F.D. Moon Middle School P.E. teacher honored for dedication to education Students, educators and OG&E representatives gathered at F.D. Moon Middle School to celebrate Ty-Juan Turner, a physical education teacher, as the May OG&E Power Educator of the Month. In recognition of his impact, OG&E awarded Turner a $500 DonorsChoose donation to support resources …
Renewed fighting between the U.S. and Iran on Friday sent crude oil prices jumping upward 3% before easing their climb. U.S. and Iranian forces clashed in the Gulf, and the UAE came under renewed attack as Washington awaited a response from Tehran to its proposal to end the conflict, which began with joint U.S.-Israeli …
With oil prices at $100 a barrel or slightly less, the nation’s rig activity saw a gain of one rig to reach 548 in the past week, according to the latest Baker Hughes Rig Count released on Friday. Oklahoma also saw a gain, adding one rig to reach a total of 44. The count is …
Reports that the U.S. and Iran are edging to a limited and temporary peace agreement sent crude oil prices slipping on Thursday. Reuters reported the draft framework would stop the fighting but still leave the most contentious issues unresolved. Adding to the drop in crude was a report that Saudi Arabia and Kuwait had removed …
A reported recall petition has been initiated against Yukon’s Mayor and Vice-Mayor over the city’s efforts to negotiate development of a data center. Social media reported this week Yukon resident Joe Horn requested Mayor Brian Pillmore and Vice-Mayor Jeff Wooten to resign and when they declined, Horn presented the city clerk a petition initiating …
( Gov. Kevin Stitt signs House Bill 1371 during The Petroleum Alliance of Oklahoma Sine Die celebration Wednesday. ) State lawmakers and Gov. Kevin Stitt have finalized a landmark agreement between mineral owners and the oil and gas industry with the passage and signing of House Bill 1371. The measure represents a show of unity, …
Failed blockade runner ** A US Navy fighter jet disabled the rudder of an Iranian-flagged tanker on Wednesday with its 20 mm cannon. The tanker was trying to bypass the blockade of Iran’s ports, the US military said. Strait of Hormuz ** Shipping intelligence firm Lloyd’s List says the Strait of Hormuz is now closed, …
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 …
(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 …