Plans by Evergy, the largest utility in Kansas, to build a huge solar farm near Topeka are being sent back to the drawing board following public opposition by residents near the proposed site. Some of the residents expressed their concerns of the 7,000 panel solar farm to Shawnee County Commissioners according to the Topeka Capital …
Colorado natural gas company expands in Permian Basin
Denver’s DCP Midstream, LPL announced a $160 million acquisition of Permian Basin gathering and processing assets, a deal that should be finalized later this year. DCP made the acquisition from Woodland Midstream II, a portfolio company of EIV Capital. The acquisition was of the James Lake System which is close to DCP’s existing assets. “We …
Headlines of more energy stories
** Top U.S. automakers ask Congress to raise the limit on how many electric vehicles a company can sell before they’re no longer eligible for $7,500 tax credits. ** The Biden administration proposes stricter efficiency standards for some natural gas furnaces, which the Department of Energy predicts will save consumers money and reduce carbon emissions. ** President Joe Biden told oil …
Caterpillar dumping Chicago as world headquarters and moving to Dallas
Chicago suffered a major blow this week—Caterpillar is ditching the crime-ridden city and moving its headquarters to the Dallas-Fort Worth metroplex. The company, with major operations in Oklahoma City, announced it will leave Deerfield, Illinois and relocate its global headquarters in Irving, Texas. Deerfield is a suburb at the northern reaches of Chicago. “We …
Firm tests air ship for broadband project in New Mexico
A company launched a new helium-filled airship Tuesday above eastern New Mexico with hopes of creating a statewide broadband connectivity from the sky. Sceye Inc., based in Roswell, installed broadband-beaming technologies on board to experiment whether it can be used in creation of a 24-hour cycle operation reported the Albuquerque Journal. Click here for …
Biden now wants oil and gas industry to “work with him”
President Biden on Wednesday wrote letters to the heads of top oil and gas companies telling them to immediately cut costs for Americans as gas prices rose above $5 a gallon. He blamed them and Russian President Putin for what’s happened to energy costs in the world and the U.S. and at the same …
Man arrested after climbing Devon Tower in OKC
A man calling himself the “pro-life Spider Man” was in Oklahoma City police custody Tuesday after climbing the 50-story Devon tower. The man, identified by News Channel 4 News as Maison Des Champs, who used no climbing equipment to scale the headquarters tower of Devon Energy Company. Champs reported climbed the Salesforce Tower in …
Crude suffers as fed considers interest rate hike
Crude oil prices dropped in Tuesday’s trading as many observers fear the U.S. Federal Reserve will hit markets with a higher-than-expected interest rate hike because of growing inflation that the Biden administration has been unable to solve. For a second straight day, Oklahoma energy stocks recorded more losses than gains. Many analysts believe the …
LSB to be part of small cap conference
Oklahoma City’s LSB Industries will be part of an investment conference on June 15. The company’s Executive Vice President and Chief Financial Officer, Cheryl Maguire will take part in a fireside chat at the Sidoti & Company Summer Small Cap Virtual conference beginning at 12:15 p.m. ET on Wednesday. Sidoti is considered a premier …
Other states join Oklahoma in ending gas bans
Oklahoma’s not alone in creating a law to stop gas bans in cities and counties. Other states are doing the same to protect access to natural gas utility service reported SP Global. Click here for SP Global
