March 2, 2021 archive

$2 billion carbon capture project started in Iowa

  An Iowa company launched a huge $2 billion effort to capture carbon dioxide from 17 Midwestern ethanol plants and pipe it to North Dakota for storage deep underground. Summit Carbon Solutions is behind the effort which could be operational by 2024.It would require a pipeline to be constructed from Iowa to North Dakota. It …

Continue reading »

Wisconsin utility makes $302 million purchase of stake in Kansas wind farm

  The Wisconsin-based utility WEC Energy Group acquired a 90% stake in the Jayhawk Wind Farm under construction and expected to be online by the end of 2021 in eastern Kansas. WEC purchased the controlling share in a $302 million agreement while the remaining 10% of the wind farm in Bourbon and Crawford counties will …

Continue reading »

Winter storm results in gasoline trucked into Texas

  When Love’s Travel Stops and Country Stores Inc. started trucking in gasoline to its 75 locations in Texas, it was part of a first in Texas in decades and revealed just how badly the state was harmed by the recent winter storm. It meant Texas was being forced to truck in gasoline from other …

Continue reading »

Devon-WPX merger—who’s leaving? who’s staying?

  Reports indicate that 150 WPX Energy workers in Tulsa will move to Oklahoma City to become employees of Devon Energy following its recently-completed acquisition of WPX. The Tulsa World reported that 250 other workers will either retire or leave the company this year. More than half of the 250 did not want to relocate …

Continue reading »

Fall in crude oil prices blamed on less demand by China

  What caused the latest slip in crude oil prices in the U.S. and Europe? Reports suggest it is growing fears that the crude oil consumption by China is slowing and that OPEC might increase its global supply after meeting this week. As OK Energy Today reported earlier, Brent crude fell 1.1% on a 73 …

Continue reading »