Electric vehicle maker Canoo made its formal pitch this week for $1 million from the City Council in Oklahoma City. Canoo is hoping to get the high-dollar incentive in order to take control of a former Terex manufacturing plant in west Oklahoma City and begin manufacturing its EVs. The company promised the creation of …
December 2022 archive
OSU chosen by Sen. Inhofe to house his official documents
Decades of paper and documents covering the long political career of U.S. Sen. Jim Inhofe will be housed at Oklahoma State University. The Senator, about to retire next month after serving in the U.S. House and Senate starting in 1967, announced he chose OSU as the repository for his official papers and senatorial archives. …
Biden now wants help from oil and gas industry he targeted
A White House meeting with oil and gas executives? The Biden administration? It’s what President Biden, the man who launched an attack on the U.S. oil and gas industry from day one of his administration, wants to do on Thursday. He’s planning a meeting, not to discuss how to help the industry regain its …
From coal to oil—Alliance Resource widens operations
Expansion into the oil and gas industry was a goal some years ago of Tulsa coal company Alliance Resource Partners. It’s definitely continuing. In the past few months, Alliance, considered one of the larger coal operating firms in the Eastern U.S. confirmed nearly $95 million in acquisitions in the Permian Basin. In its quarterly …
Mammoth seeks investors at San Francisco conference
Leadership of Oklahoma-based Mammoth Energy Services plan to be a part of the Singular Research “Best of the Uncovered” Investor Conference in San Francisco. The event will be held Thursday, Dec. 8 and Mammoth’s investor presentation will be held at 3 p.m. Central Time. The Company’s investor presentation and a link to register for …
EU oil cap—what it might mean for rest of the world
Being a follower of American geopolitical analyst and author Peter Zeihan, I was intrigued by his most recent discussion of the world-wide impact of the European Union’s $60 cap on Russian crude oil. It is well worthwhile to spend a few minutes listening and considering his review of what the move could mean to …
Manchin’s energy permitting effort not part of Inhofe’s defense spending bill
When Oklahoma U.S. Sen. Jim Inhofe and Democrat Sen. Jack Reed of Rhode Island announced the agreed-upon National Defense Authorization Act, one thing was missing. Sen. Joe Manchin’s proposed changes to permitting. They were not included in the NDAA for Fiscal Year 2023 and Sen. Inhofe’s announcement said nothing of the exclusion. Manchin chairs …
Lots of new wells completed in Oklahoma
Some of the latest wells completed in Oklahoma aren’t “head turners” in oil production, but they’ll do nicely for someone’s bank account. Plus, they count as success for some of the energy companies. First, how about the 3 natural gas wells drilled by Trinity Operating USG LLC in Pittsburg County. Combined production? Nearly 66,000 …
Closing a coal plant means higher costs for New Mexico utility
Higher fuel costs and delays in the construction of new solar plants are hitting Public Service Company of New Mexico after it closed its coal-powered plant near Farmington. As a result, the company turned toward wholesale markets where natural gas prices are at 15-year highs. The Albuquerque Journal reported PNM also finds itself in …
Texas solar and wind power will outpace natural gas in 2023
The government predicts most of the electricity generated in 2023 in Texas will be from from solar and wind power and not natural gas or coal. The U.S. Energy Information Administration made the declaration in its short-term energy outlook report released Tuesday. Click here for The Week