Crude oil prices rose by more than $5 a barrel both in the U.S. and overseas in Monday’s trading as investors were spurred by growing worries over gas supply from Russia and a lower dollar. Those worries apparently offset concerns about a possible recession in the U.S. and across the world and the growing …
More U.S. wells go into production
The nation’s total of drilled but uncompleted wells was trimmed considerably from May to June reported the U.S. Energy Information Administration. The nation’s total dropped from 4,271 in May to 4,245 as of June. The largest decline was reported in the Permian Basin where the count fell from 1,244 as of May to 1,214 …
OK Regulator says OGE bond results are “horrifying”
Oklahoma Corporation Commissioner Bob Anthony, the lone regulator who did not support the use of securitization for ratepayer bonds to help OG&E with extreme winter storm costs came out this week saying it’s clear the true impact on customers “was grossly misrepresented.” He opposed the bonds and a 28-year amortization in which OGE customers …
Higher bond interest rate means more cost to OGE customers
Surprising news that ratepayer-backed bonds sought to cover Oklahoma Gas and Electric February 2021 winter storm costs were sold last week at a much higher interest rate than originally predicted means a higher total cost to consumers. As OK Energy Today reported earlier, the anticipated monthly cost to OG&E customers of $2.12 will soar …
Bice pushes Act to increase Mesonet systems
Oklahoma congresswoman Stephanie Bice joined New York Democratic Rep. Paul Tonko in recently introducing a bill to increase the nation’s Mesonet weather program. Together, they filed the National Mesonet Authorization Act to increase the overall coverage and accuracy of the program. The Mesonet is critical in providing reliable, real-time observation capabilities for the environment …
115 degrees? Yikes!!! It’s in the Western Oklahoma forecast
Brace for really brutal hot, hot weather this week in Oklahoma. Western Oklahoma could see, or is it feel?, temperatures of 115 degrees. Oklahoma Climatologist Gary McManus says a 115-degree reading would be the highest readings in the state since 2011 and 2012. “Highs across western Oklahoma will be pushing that 115 barrier, which would …
$130 million solar commitment by Cox Cable in Tulsa
Cox Communications in Tulsa recently put a $130 million solar array on line, a move that will produce 400 kilowatts of power and nearly 20% of the building’s annual electricity needs. “Through clean renewable power coming from the sun, it allows us reduce our carbon impact for this one facility by over 580 tons …
OKC aerospace and defense supplier acquired by California firm
The nearly-50-year old Oklahoma City aerospace and defense supplier, Electro Enterprises has been acquired by California-based FDH Aero. Founded in 1970, Electro supports key defense OEM (Original Equipment Manufacturing) platforms for its global customer base from locations in Oklahoma, Texas, the United Kingdom, and Israel. It has become one of the largest aerospace and defense …
EV charging stations out of order in Aspen
For a state that wants to be so-heavily focused on electric vehicles, you’d think Colorado would do a better job of making sure EV charges are function and available. Yet the Aspen Daily News recently discovered how many of the charging stations installed in the Aspen area were not working. Click here for Aspen …
Two counties in New Mexico provide huge revenue to state
Here’s how important the oil and gas production in New Mexico’s part of the Permian Basin to the entire state. Nearly one-fourth of the state’s tax revenue comes from just two counties in the southeast corner of New Mexico where the Permian Basin extends. We’re talking about Eddy and Lea counties according to a …