Reports suggest Oklahoma and the White House will clash over the Biden administration’s plan to force 100% clean electricity upon the nation by 2035. First of all, it would mean a giant step away from the fossil fuels that make up a large segment of Oklahoma’s economy and state leaders are not so eager …
Energy Transfer to make windfall profits from winter storm
Another energy supply firm that’s expecting a windfall from the deadly February winter storm that smacked Oklahoma and Texas and other Midwestern states is Energy Transfer LP. Reports indicated the Dallas company anticipates a gain of $2.4 billion from Winter Storm Uri as it cashed in on the huge prices for natural gas. Dallas-based …
Evergy doubled its 1Q earnings
Evergy, the utility that serves 1.6 million customers in Kansas and Missouri more than doubled its earnings in the first quarter of 2021 compared to a year earlier. The company said its profits were due to the exorbitant energy prices during the February winter storm that gripped the Midwest and forced utility to cut …
Liberty Utilities adds another wind farm in SE Kansas
Kansas got another wind farm online this past week. This time the wind project is in the southeast corner of the state. Liberty Utilities put the Neosho Ridge Wind Farm online in the past few days as the company entered the final phase in its largest ever renewable energy project reported KSN. Click here …
More gains made in US rig count
While Oklahoma’s rig count was unchanged at 21 in the past week, the US count rose by 8 to hit 448. Baker Hughes Co. reported the national count included a growth of 2 oil rigs to 344 while the number of gas rigs increased by 7 to 103. The US count is 74 higher …
Energy news in brief
** Colonial Pipeline, the largest U.S. gasoline and diesel pipeline system, halted all operations Friday after a cybersecurity attack and said it’s working to get things back to normal. ** Canada’s Enbridge Inc will continue to operate its Line 5 despite an order from the U.S. state of Michigan to shut down the crude oil pipeline next …
Congresswoman eyes cleanup of abandoned oil wells polluting Latino and Indigenous communities
New Mexico Democratic congresswoman Teresa Leger Fernández wants congress to set aside $8 billion to handle tens of thousands of abandoned oil wells that she says are polluting Latino and Native American communities across the country. Many abandoned oil wells are located in her home state which has the largest percentage of Latinos in the U.S. reported …
Pipeline protesting law challenged
When Oklahoma adopted a law targeting protesters who trespass on pipeline land, Louisiana followed suit and now the law is being challenged according to a federal judge’s ruling. The judge ruled protesters from New Orleans and Mississippi and a New York journalist arrested during a protest of pipeline construction can continue their challenge of …
Oil prices slipped in Thursday’s trading
Another day, another slip in crude oil prices and analysts blamed increasing COVID-19 infections in India for the slide. West Texas Intermediate crude fell 92 cents or 1.4% to $64.71 a barrel in trading on the NYMEX. Global benchmark Brent crude finished down 87 cents for a 1.3% loss to $68.09 on ICE …
Israel-based aerospace company announces facility relocation to Tulsa
In a relocation that will create nearly 300 new jobs, Israeli aerospace company, TAT Technologies Ltd. announced it is relocating some of its activities to Tulsa, Oklahoma. TAT is considered the world’s largest independent manufacturing and repair company of thermal components for the aviation industry and also the parent company of Tulsa-based Limco …
