Tighter-than-expected crude supplies in the U.S. prompted a slight gain in oil prices on Wednesday. At the same time, most Oklahoma energy stocks made increases for the day. West Texas Intermediate crude recorded a 47 cent gain to $81.63 a barrel on the New York Mercantile Exchange. Brent crude, the global benchmark, rose 37 cents …
Another fall in crude oil inventories was reported across the U.S. and including at Oklahoma’s Cushing Hub. The Energy Information Administration reported national stocks fell by 10.6 million barrels in the past week, far more than expected on the back of increased exports. Crude inventories fell to 422.9 million barrels, the lowest amount since …
Customers of Evergy, including the city of Wichita, aren’t the only ones who believe a $218 million rate hike proposed Evergy isn’t justified. Now the Kansas Corporation Commission agrees. Regulators announced this week its staff concluded Evergy should not raise rates, but rather lower them, especially in the Kansas City area. The staff also …
While the state of Oklahoma kept BlackRock on its list of investment firms banned from handling state pensions and investments because of its ESG policies, things are quickly changing for the New York company. BlackRock made Oklahoma’s first list of blackballed companies because it targeted the state’s oil and gas industry, and that wasn’t …
Construction on Enel North America’s more than $1 billion solar cell and panel manufacturing plant in northeast Oklahoma is expected to get underway in the next few months. The factory will be located in Inola and Enel is in the process of completing the engineering and design phase of the 2-million-square-foot plant. Enel announced …
Public Service Company of New Mexico is being told by a nonprofit that the utility will have to add nearly 1,400 MW of wind and solar power if it expects to become emissions-free by 2040. New Mexico’s Energy Transition Act requires utilities to reach 40% renewables by 2025, 50% renewables by 2030, and 100% …
A new study found Oklahoma is the No. 12 best state for small business taxes. Simplify LLC released a study on the Best States for Small Business Taxes using 2023 data from the U.S. Department of Labor, Tax Foundation, and Federation of Tax Administrators. Five tax categories affecting small businesses were analyzed. Here is how Oklahoma ranked in each: corporate tax …
The upcoming 2023 Barclays CEO Energy-Power Conference in New York City will be a chance for Williams companies to go looking for more investors and at the same time, keep those it already has. Williams President and Chief Executive Officer Alan Armstrong and Chief Financial Officer John Porter will take part in meetings with …
Speculation mounts whether developers of the Uinta Basin Railway halted in Colorado by a U.S. Court of Appeals will appeal the federal court ruling that derailed the project? At the same time, the ruling angered Utah U.S. Sen. Mike Lee who said in a social media post the court ruling “represents a missed opportunity for …
A major transmission project planned in New Mexico by the Southwest Power Pool has been awarded NextEra Energy. NextEra Energy Transmission Southwest, LLC will build the Crossroads Hobbs-Roadrunner 345-kilovolt Competitive Upgrade project. The company will finance, construct, own, operate and maintain the project that is expected to be in service no later than May …
