Tulsa’s Empire Petroleum Corporation says it’s soon going to be trading over the broad-market Russell 3000 Index. The company, with current producing assets in Texas, Louisiana, North Dakota, Montana and New Mexico, is set to join the Index at the conclusion of the 2022 Russell indexes annual reconstitution on June 27, 2022. Empire is included on …
Mammoth Energy to Puerto Rico—“enough is enough!”
Mammoth Energy Services came out again this week with a demand that Puerto Rico pay the Oklahoma City company hundreds of millions it is owed over its power restoration work following Hurricane Maria in 2017. In a press release, Mammoth issued the call on the Puerto Rico Electric Power Authority, better known as PREPA, …
Size matters when it comes to solar farms according to Eastern Kansas commissioners
County Commissioners in Olathe, Kansas decided to restrict the size of a proposed large solar farm, keeping it to 2,000 acres. Johnson County Commissioners, in a special meeting this week voted to support the restrictions after NextEra Energy unveiled plans last year to build a 3,000 acre solar farm reported Fox 4 TV news. …
Big bucks in government help to biofuel producers
Biofuel producers are getting hundreds of millions of dollars in aid from the U.S. Department of Agriculture. The USDA announced the $700 million in relief to more than 100 biofuel producers and nearly 200 facilities and much of it to firms in Nebraska, Iowa and Kansas reported the Lincoln Journal-Star. Click here for Lincoln …
Prison sentence upheld for pipeline protester
An environmental activist sentenced to eight years in prison for trying to sabotage construction of the Dakota Access Pipeline has lost her case with a federal appeals court in Iowa. The court in Des Moines, Iowa upheld the prison sentence for Jessica Reznick who pleaded guilty last year to a charge of conspiracy to …
Colorado EV battery maker to supply Ford and BMW
A Colorado-based battery start-up has launched pilot production of an innovative solid-state battery cell that will be supplied to BMW and Ford Motor company. The batteries to be built by Solid Power will offer electric-vehicle owners more range and shorter recharging times reported CNBC News. Click here for CNBC News
Headlines of US and World energy stories
** The White House on Monday said oil production is “not the focus” of conversations Biden administration officials will have with Saudi Arabia. ** Sen. Pat Toomey (R-Pa.) slammed President Biden on Monday, accusing him of “abusing” the Defense Production Act (DPA) after the White House authorized it for the third time this year to ramp …
First the Anadarko Basin and now the Permian for Orion Diversified Holding
A Nevada-based holding company that recently acquired oil and gas operations in Oklahoma added to its list of holdings with an acquisition in the Permian Basin, an area that is projected to lead the U.S. in production in 2023. The Carlsbad Current-Argus reported the latest acquisition was made by Orion Diversified Holding, a company that …
Crude oil prices weakened in Monday’s trading
Crude oil prices slipped in Monday’s trading even after getting a boost by a raise in July crude prices by Saudi Arabia. It left some Oklahoma energy stocks with healthy gains while others recorded losses. West Texas Intermediate crude for July delivery dropped 37 cents to settle at $118.50 a barrel on the New …
Solarize OKC to host educational virtual town hall Tuesday
Solarize OKC, a new coalition led by the City’s Office of Sustainability and other local organizations, invites Oklahoma City residents and business owners to attend one of two upcoming educational events. A virtual town hall will be at 6:30 p.m. June 7 via this Zoom link. An open house will be held June 14 at 1825 N. …
