It’s only taken a year for Oklahoma’s Transportation Commission to act on raising speed limits on most parts of Interstates 35 and 40 and the action came a week after the Oklahoma Turnpike Authority did the same thing. It was last year when the legislature approved House Bill 1071 which gave the transportation boards …
A political fight is developing in Iowa where state regulators are in the processing of expanding their authority to surrender private property for wind energy developments. Radio Iowa reports that three Republican members of a key committee plan to block the intentions of the Iowa Utilities Board. Some Iowa counties have passed local zoning …
US utility American Electric Power Company Inc., the parent company of Public Service Company of Oklahoma, is looking to buy electricity from new or repowered wind projects and new solar parks in the PJM power market, it said on Monday. PJM is the Pennsylvania, New Jersey and Maryland power market. The company’s subsidiary AEP Energy …
** The rig count in the oil-rich nation of Venezuela has fallen to zero after drilling rig operator Nabors pulled its last rig from service as oil major Chevron halted its drilling program in the troubled South American nation. ** Kinder Morgan stock has lost a third of its market value so far this year, but Executive Chairman Richard Kinder scooped up more shares of …
Wyoming’s largest utility company, PacifiCorp. won the first step in eventual construction of a 416-mile long transmission line to carry wind-powered electricity to Utah. The Casper Star Tribune reported that the Carbon County Planning and Zoning Commission unanimously approved this week a recommendation of approving a permit for construction. PacifiCorp. has proposed building a …
Colorado’s second largest oil producer, Noble Energy has reopened the producing wells it shut-in during April and May. The Houston-based company indicated in its second quarter financial earnings report that 80% of its well shut-downs occurred in Colorado’s D-J Basin. During the quarter, the D-J Basin production was 144 MBoe/d and the company operated …
San Antonio’s Valero Energy Corp. reported a second quarter profit as the company said its reported net income to stockholders was $1.3 billion or $3.07 a share. The amount compared to net income of $612 million or $1.47 a share in the second quarter of 2019. However, the reported adjusted net loss attributable to …
Former Democratic presidential hopeful and New York City Mayor Michael Bloomberg says the U.S. should attack the climate change crisis by hiring thousands of laid-off oil and gas workers. Here’s how he presented his plan this week in a Bloomberg Opinion: — As Congress debates how to address the economic calamity we are facing, …
Hertz, the car rental company that closed its operations in Oklahoma earlier in the year before filing for bankruptcy has a problem—how to get rid of 182,521 cars. But it might present some “good” deals for car buyers. The Associated Press reported that Hertz must somehow unload the cars because it was part of …
The arrival of the KC-46 Pegasus air refueling tanker in the Air Force means more jobs and construction at Tinker Air Force Base in Oklahoma City. As Inside OKC reported, the work on the Oklahoma City Air Logistics Complex is resulting on a positive impact on the state’s economy. The massive program, which began …
