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 …
Energy boosts Oklahoma’s economy
State Treasurer Todd Russ released the April 2026 Economic Outlook Report, highlighting continued strength in Oklahoma’s energy sector, stable labor market conditions, and sustained state revenue growth despite ongoing inflationary pressures and broader economic uncertainty. The report shows Gross Production Tax collections remained strong in April, supported by elevated oil prices and steady energy production …
Oil steady but violence grows in Iran
While President Trump held talks with China’s leaders, another ship was attacked and another seized by Iran in the Strait of Hormuz, moves that caused only a little movement in crude oil prices. Iran’s state media claimed nearly 30 ships had been allowed to pass through the strait but the attack that sank one …
Mitchell talks energy with Jerry Bohnen—CWIP and a data protection law
https://www.facebook.com/reel/1330368332523369 CWIP, the controversial measure that became law last year returns in full force to Oklahoma. Regulators approved its use on some of the $1.5 billion in expanded power projects by Public Service Company of Oklahoma. Plus, the Boles/Green consumer protection bill from data centers becomes law. They are some of the topics …