While the University of Oklahoma recently received a federal grant to develop geothermal heat from oil and gas wells near schools in Tuttle, there remains a big question of continued funding by Congress. Some $84 million in funding for geothermal demonstration projects was included in the bipartisan infrastructure package passed last fall. But continued …
Panhandle wind farm gets all clear
More than six months after an Oklahoma Panhandle wind farm was discovered to be in shambles, presenting a dangerous situation for nearby residents, an all clear has been given and the farm is considered safe once again. The farm OK Energy Today first told you about last year is no longer a threat to …
Major solar power projects planned in Arkansas and Louisiana
Funding for two major solar power projects in Arkansas and Louisiana has been secured by Lightsource bp. The company, headquartered in London closed on a $533 million financing package to build the Conway Solar project near Happy, Arkansas and another $533 million multi-project financing package for the Ventress Solar project near Baton Rouge, Louisiana …
Kansas City Southern merger opposed by Canadian rail operation
The planned merger of Kansas City Southern with Canadian Pacific Railway Ltd. is being challenged by Canadian National Railway Co. Canadian Nation has filed an official notice with the Surface Transportation Board seeking to condition any approval of the merger with Canadian Pacific on divesting a stretch of KC Southern rail from Kansas City to …
Former legislator files challenge to bond securitization used by utilities
Former Oklahoma City State Rep. Mike Reynolds has gone to the Oklahoma Supreme Court challenging the constitutionality of the securitization process used by utilities in spreading their February winter storm costs over decades. He filed a formal protest against the recent request by the Oklahoma Development Finance Authority for the Supreme Court’s approval of …
AARP to offer public explanation about its fight with utility rate cases
AARP Oklahoma will hold a Facebook Live Q&A on Jan. 19 at 10 a.m.to offer more details of the organization’s stand against some recent utility rate cases. AARP Oklahoma State Director Sean Voskuhl and attorney and utility expert Deborah Thompson will discuss AARP Oklahoma’s continued work to intervene in utility rate cases and fight …
Congressman praises DOE geothermal funding in Oklahoma
The Department of Energy’s recent awarding of funding to the University of Oklahoma for a geothermal project drew the praise of Oklahoma congressman Frank Lucas. He is the ranking Republican on the House Science, Space and Technology Committee and took note of the $1.7 million grant to OU to establish new geothermal energy and …
Big gains for crude oil and Oklahoma energy stocks on Friday
Crude oil prices finished the trading week on Friday with another big gain as U.S. crude settled close to the $84 mark. It also proved to be a healthy trading day for Oklahoma energy stocks. West Texas Intermediate crude oil for February delivery rose $1.70 or more than 2% to finish at $83.82 a …
Baker Hughes reports increased rig numbers in U.S.
The latest rig activity report from Baker Hughes showed an increase of 13 rigs in the past over the prior week, bringing the nation’s total to 601 oil and gas rigs. Oklahoma’s count was unchanged at 49, far more than the 17 rigs reported in the state one year ago. Nationally, the oil rig …
Financial report dates set by HollyFrontier and Energy Transfer
Upcoming quarterly finance report release dates were announced by HollyFrontier Corporation and Energy Transfer LP. HollyFrontier Corporation plans to announce results for its quarter ending December 31, 2021 on February 23, 2022, before the opening of trading on the NYSE. The company has scheduled a webcast conference on February 23, 2022 at 8:30 a.m. …
