January 2, 2023 archive

New Mexico and Texas wind farms sold by EDF Renewables to Canadian company

  EDF Renewables North America announced it has sold majority ownership of five wind farms in Texas and New Mexico. Canadian-based Boralex acquired EDF Renewables’ 50-percent ownership in the projects totaling 447 megawatts. EDF Renewables put into service all five projects totaling 894 MW with commissioning dates between 2014 and 2015. The sale of assets …

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LSB Industries suffers millions of dollars in losses over extreme December cold weather

  LSB Industries is recovering after the late December cold weather forced the firm to shut down its operations in El Dorado, Arkansas and Cherokee, Alabama. The shutdown will mean millions of dollars in quarterly revenue losses. The company said its El Dorado facility is back in service while repairs are underway at Cherokee. The …

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Helmerich and Payne execs to be busy with January conferences

  Helmerich & Payne leaders will take part in two conferences this month in an attempt to attract more investors. John Lindsay, President and Chief Executive Officer will be joined by Mark Smith, Senior Vice President and Chief Financial Officer; Mike Lennox, Senior Vice President of U.S. Land Operations; and Dave Wilson, Vice President of …

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Oil spill in Corpus Christi Bay

A weekend oil spill in Corpus Christi Bay was larger than originally estimated. The crude oil spill came as a result of a pipe failure at the Flinlt Hills Resources Ingleside terminal reported the Corpus Christi Caller-Times. Click here for Corpus Christi Caller-Times

Cold weather saps Tesla battery—leaves couple upset

  A man and his sister who rented a Tesla on a drive from Florida to Wichita, Kansas say the cold weather sapped their battery so much that they had to stop six times in one day to charge it. The incident raises questions about the ability of electric vehicles to withstand extreme weather according …

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Oklahoma Turnpike Authority to pick up pieces and start all over

  The Oklahoma Turnpike Authority will meet Tuesday with intentions of resuming work on the $5 billion toll road expansion that brought a lawsuit and a judge’s decision which said the agency violated the state’s Open Meetings Act. After taking a step back, the OTA on Tuesday will reportedly approve nearly $133 million in engineering …

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Feds interested in New Mexico’s Clean Hydrogen Hub

  Oklahoma isn’t the only state with a hydrogen hub plan that attracted interest of the U.S. Energy Department. So is the plan submitted by New Mexico, Colorado, Utah and Wyoming, according to the New Mexico Environment Department.  The regional hydrogen hub in Colorado, New Mexico, Utah, and Wyoming is one step closer to reality …

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Environmental group says Keystone pipeline is a “lemon”

  The anti-pipeline group, Bold Nebraska, is not only citing the Keystone pipeline oil leak in Kansas as another example of the dangers of moving oil by pipeline, it’s using the incident to raise funds for its continued opposition. It called the Keystone line a “lemon.” In a recent email alert, the group offered to …

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Gasoline prices bounce back up in Oklahoma

  National gasoline prices have taken a jump upward in the past week and they’re doing the same in Oklahoma. The state’s average as of Jan. 2, 2023 is $2.85 which is 18 cents higher than one week ago. However, it is lower than the $2.93 average reported a month ago and still 2 cents …

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How much will we pay for gasoline in this new year?

  Okay. The New Year is here and consumers are left wondering—what will it be like for the prices we pay at the pump? Higher? Lower? Some observers believe the lowest prices for 2023 will likely occur in February with a national average of $2.99 per gallon according to USA Today. Click here for USA …

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