The federal government announced the first-ever chance for companies to lease areas in the Gulf of Mexico to build wind farms, including two parcels roughly 30 miles off the Texas coast near Galveston. Renewable energy developers will likely compete for the leases with firms that are better known for another kind of offshore construction: …
July 2023 archive
Devon Energy helps with improvements at OKC urban farm
Devon Energy donated to RestoreOKC to expand the organization’s five-acre farm infrastructure and increase capacity for programming. RestoreOKC works to bring reconciliation to communities marked by deep injustice, oppression and division — through urban farming. The farm employs over 20 local high school students and teaches them STEM, hydroponics, agriscience and leadership skills. Devon’s …
2Q earnings report might reveal impact of low natural gas prices on Mammoth Energy operations
After an 87% increase in total revenue during the first quarter of 2023, Oklahoma City-based Mammoth Energy Services prepares a release of its second quarter earnings report. But the big question is just how badly low natural gas prices affected the company’s completions activity and whether it continued into the second quarter. The financial …
Lt. Gov. Matt Pinnell to get new title and duties
Governor Kevin Stitt is asking Lt. Governor Matt Pinnell to take the lead in workforce development and has nominated him to be the next Secretary of Workforce Development. Pinnell’s focus will be working with the Department of Education and Department of Commerce to develop a workforce pipeline. If confirmed by the Oklahoma Senate next …
McClellan-Kerr Navigation deepening project getting underway
With the help of more than $92 million from the Infrastructure Investment & Jobs Act, the Army Corps of Engineers in the Tulsa and Little Rock districts has launched efforts to deepen the the shipping channel on the 445-mile McClellan-Kerr Arkansas River Navigation System. Plans call for the channel to be deepened to 12 …
Most of nation’s renewable diesel fuel ends up in California
Six states, Louisiana, North Dakota, California,Wyoming, Washington and Kansas were the primary sources of all renewable diesel production in the United States in 2021. Oklahoma joined the production in 2022 when the CVR refinery at Wynnewood began manufacture of biofuels as well. But the U.S.Energy Information Administration reported recently that California accounts for nearly all renewable …
Biden administration unveils more punishing rules for oil and gas industry
New rules unveiled by the Biden administration target oiland gas operators who lease public lands. The administration called them a move to “ensure fair return to tapayers because they increase the costs for the oil and gas industry reported Fox News. The Department of the Interior and the Bureau of Land Management unveiled the …
Lithium from brine puts southern Arkansas on the map
As the Arkansas Business reported recently, southern Arkansas is getting growing attention—thanks to the nation’s lithium boom. Lithium is the mineral needed for mass production of batteries needed to power the electric vehicle fleet so widely promoted by the Biden administration. South Arkansas gets national notice in The Wall Street Journal this morning as the possible epicenter for …
Thursday saw increased crude oil prices and gains for Oklahoma energy stocks
Crude oil prices recorded gains on Thursday, as did most Oklahoma energy stocks with some seeing 4% boosts for the day. The increase in crude oil prices came about because of lower U.S. crude inventories, plus strong crude imports by China. The August contract for West Texas Intermediate crude expired on Thursday where WTI gained …
OSU and Northern Oklahoma College picked for national collegiate wind competition
Oklahoma State University and Northern Oklaoma College are among the 32 college and university teams selected by the U.S. Department of Energy’s 2024 Collegiate Wind Competition (CWC) during the first half of the 2023–2024 school year. The CWC, which first launched in 2014, helps prepare the future wind energy workforce by inviting college students from …