Ammonia producer LSB Industries, Inc. announced Monday a $150 million sock repurchasing program approved by its Board of Directors. The Oklahoma City company manufactures ammonia and ammonia-related products at facilities in Cherokee, Alabama, El Dorado, Arkansas and Pryor, Oklahoma and operates a facility for a global chemical company in Baytown, Texas. “We believe our …
May 8, 2023 archive
Texas ranchers sue ERCOT over Chinese billionaire’s ties to wind farm
Two West Texas ranches are suing ERCOT over a wind farm project that had connections to a billionaire in communist China. Texas attorney Dallas J. Barrington filed a lawsuit on behalf of Ward-Walker Seven Oaks Ranch and Cole Ranch against the Electric Reliability Council of Texas (ERCOT), GH America Investments Group (GHA), GH America Energy, and Greenalia Wind Power …
Shell company chemicals plant fire reignited near Houston
The fire that injured 9 workers at Shell Plc’s chemical plant in Deer Park, Texas reignited over the weekend after firefighters managed to put it out on Saturday. Reuters reported water was being sprayed onto the fire to keep it under control until the chemicals, which were being processed at the time of the …
Evergy recorded ‘strong’ first quarter but still wants to raise rates in Kansas
Even as Evergy, the largest utility in Kansas, reported another strong quarter of financial results, it is seeking a rate increase to be borne by its customers. Executives revealed in their conference call that they were surprised how earnings for investors grew more than predicted. Still, the utility wants to increase electrical bills about …
Natural gas storage to grow as prices remain low
One of the biggest gas producers in the Texas Panhandle says more U.S. companies will add to the growing amount of natural gas in storage because of the shutdown of t he Freeport Liquefied Natural Gas Export Terminal in Texas over the past several months. It’s the prediction of Odessa oilman Kirk Edwards who …
Energy briefs
** Voters in El Paso, Texas soundly rejected efforts of Sunrise El Paso to make history by deciding whether climate change should be written into the city’s charter. ** Electrifying the car market may be getting more difficult, with the share of Americans who say they’re “very unlikely” to consider an EV for their next …
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