A year after a state retiree died following his legal challenge of Oklahoma’s Energy Discrimination Elimination Act of 2022, the Oklahoma Supreme Court has ruled the law is unconstitutional, ruling against state Treasurer Todd Russ. The law originally allowed the state Treasurer to compile a “black listing” of financial firms that discriminated against the …
Oil closed down as Trump’s deadline approached with Iran
As President Trump’s war deadline with Iran approached Tuesday, oil prices moved lower. His deadline was an attempt to reopen the Strait of Hormuz. Trump continued to ramp up his threats against Iran, saying that “a whole civilization will die tonight, never to be brought back again.” “I don’t want that to happen, but it probably …
Balcony solar could become law in Oklahoma
At least 22 states in the U.S. are considering legislation allowing what some refer to as “balcony solar” and Oklahoma is among them. Rep. Arturo Alonso-Sandoval, D-OKC, calls it the Plug-in Solar Act and it recently won approval in the state House on a vote of 88-4. It had earlier been given a Do …
Baker Hughes connects with Argentina
Just as Continental Resources of Oklahoma City recently announced drilling projects in Argentina, Baker Hughes Company is also doing business with the South American country. And in the same rich oil play region. The Texas-based energy technology firm announced it has secured a strategic order from San Matias Pipeline S.A. to supply three gas compression units …
Three years to build new Lake Texoma bridge
Team selected to deliver new US-70 Roosevelt Bridge over Lake Texoma Oklahoma’s Transportation Commission has awarded a more than $400 million contract to a firm for the design and replacement of the US-70 Roosevelt Bridge over Lake Texoma. On Monday, the Oklahoma Transportation Commission approved continuing Zachry Construction and Traylor Bros., Inc.’s contract at a …
Mach announces offering of 9 million company units
Mach Natural Resources LP announced the proposed underwritten public offering of 9,000,000 common units representing limited partner interests in Mach by VEPU Inc., Simlog Inc. and Sabinal Energy Operating, LLC. Mach will not sell any common units in the Offering and will not receive any proceeds therefrom. The Offering is subject to market and …
Coweta City Manager faces calls to resign over data center fight
The fight over a proposed data center in Coweta has become some fierce and deep that residents went before the city council to urge the removal of City Manager Julie Casteen. The opponents of Project Atlas put enough heat on the city council that it recently was informed by the developer it was no …
Data center bill awaits state Senate vote
Oklahoma is among at least 11 states across the country where either restrictions or outright bans of data centers are proposed in bills before their legislatures. It would appear the state is close to adopting certain restrictions on data centers. A report by Axios indicates that of the 11 states, Maine is the best …
Energy Briefs: Oil Price Risk, Global Energy Disruptions
Oil Prices Face Uncertainty if Hormuz Stays Closed Strait of Hormuz oil prices global supply disruption: Some world experts believe global crude oil prices could reach a nearly unpredictable pattern soon if the Strait of Hormuz is not opened soon allowing tankers to pass. They believe Africa and Europe will soon feel a jolt to …
Iran says no to ceasefire causing spike in oil prices
Iran has reportedly rejected a new ceasefire proposal with the U.S. even after President Trump said he would target power plants and bridges Tuesday night—-and as a result, crude oil prices rose on Monday after jumping to session highs. West Texas Intermediate, still higher than Brent because U.S. crude has become prized oil supply in …