OK Energy News

  Oklahoma City’s Will Rogers World Airport is truly about to become a “World” airport with international flight capabilities. The Airport Trust has voted to support a plan creating an international customs inspection center at the Airport, a move that would allow international flights to and from the airport. Currently, …

  The Red Sea attacks by the Iran-aligned Houthis continue to weigh heavily on investors and sent crude oil futures higher in Thursday’s trading. However, the gains were also affected by a large build in U.S. crude inventories, seen even in Oklahoma. West Texas Intermediate crude for April delivery gained …

  After months of negotiations including closed-door sessions with opponents and proponents who stood their ground on a ROFR law in Oklahoma, a State house Committee on Thursday voted to support a measure that the lead legislator said wasn’t a ROFR bill. But it’s apparent the ROFR fight is still …

  Crude stocks across the U.S. and at the Cushing Hub in Oklahoma made a continuing build in the past week. The U.S. Energy Information Administration reported the U.S. crude oil stocks gained nearly 4 million barrels. It went from 439.4 million on February 9 to 443 million barrels as …

    One of the major complaints about the economy in this country focuses on groceries, right? Prices seemingly are constantly on the increase whether it’s meat, bread, or fruits. One cause is the soaring costs for the trucking industry. A new truck that once cost $120,000 to $130,000 now …

  Benchmark Energy II, headquartered in the Texas Panhandle City of Pampa, agreed to aquire more than 470 operating wells in the Western Anadarko Basin in a $145 million deal. The acquisition of the wells along with 140,000 net acres involves assets in both Oklahoma and Texas. The seller was …

  Tulsa’s Vital Energy says it not only had record total and oil production in the fourth quarter of 2023 and for the entire year, but it intends to invest nearly $850 million to increase its 2024 oil production. The Fourth quarter net income totaled $281.4 million and adjusted net …

Regulation of AI or artificial intelligence. It’s the intent of several bills in the Oklahoma legislature this year and they won approval in the Oklahoma House Government Modernization and Technology Committee. House Bill 3453, authored by Rep. Jeff Boatman, R-Tulsa, would establish the Oklahoma Artificial Intelligence Bill of Rights, which …

  ONE Gas, Inc  announced its fourth quarter and full year 2023 financial results, which included diluted earnings per share of $1.27 and $4.14, respectively. They showed gains in fourth quarter net income as well as for the entire year, mostly because of the rate increases approved by state regulators. …

  In a filing with the U.S. Securities Exchange Commission this week, Tulsa-based Empire Petroleum Corporation revealed it had issued a $5 million promissory note to a Cayman Islands exempted company. Energy Evolution Master Fund, Ltd. based near Houston, Texas, had already advanced $2.5 million to Empire. It intends to …