A report by Arkansas Business indicated the city of Fayetteville is in a rush to install a large solar power project by September so it can take advantage of a retail-rate credit for the excess power added to the grid. The new state rules on net metering will change on Oct. 1 and utility …
Crude oil stocks across the U.S. and at the Cushing Hub in Oklahoma declined in the past week. The U.S. total fell by 2.5 million barrels, from 432.4 million barrels reported as of January 4, 2024 to 429.9 million barrels as of January 12 of this year. According to the U.S. Energy Information Administration, …
Under the Biden administration’s latest green energy effort, New Mexico and Colorado are among 11 western states where the government wants to locate solar energy projects on 22 million acres of federal lands. Along with Arizona, California, Nevada and Utah, those states were picked as the best sites for the projects. The Interior Department …
** Researchers at LexisNexis Risk Solutions found that when drivers switch from gasoline-powered cars to EVs, they tend to crash more. The frequency of insurance claims rises by about 14.3% while the severity of claims, or the amount that has to be paid out, increases by 14.5%, according to the data. ** The cold temperatures …
Tallgrass Energy Partners, LP, the Kansas City-based company with pipelines extending to Oklahoma’s Cushing Hub, announced this week an $800 million offering of notes. Designed to raise money for the company, the offering was increased from the original $700 million to the new value of $800 million. It includes 7.375% senior unsecured notes due …
Those Pilot Travel Centers around Oklahoma are now totally owned by Berkshire Hathaway. Billionaire Warren Buffet’s company announced this week it acquired the remaining 20% in Pilot Travel Centers LLC across the nation. It means the 750 travel centers around the U.S. are 100% owned by Berkshire Hathaway. Eleven Pilot Travel centers are located …
ONEOK announced this week the extension of its share repurchase program saying its goal in the next few years is to acquire $2 billion in shares. The board of directors said the effort will be made over the next four years, explaining the buyback will “complement the dividend growth rate as a key pillar …
The Oklahoma Mesonet says northern Oklahoma’s frigid weather left the region in a deep freeze for more than 5 days as temperatures never rose above freezing. But the 131 hours of sub-freezing temperatures were not a record. “The cold has been crazy, no? Here we are on day 5-6 of our Arctic deep freeze …
Oklahoma Congresswoman Stephanie Bice is criticizing the Biden administration’s effort to wage what she calls a “full-scale assault” on American energy production and gas-powered automobiles. In a column released this week, the Republican Representative said the President has taken the actions to cater to electric vehicles. “Recently, the Federal Highway Administration has attempted to …
Crude oil prices remained nearly flat in Wednesday’s trading with Brent down and WTI up a little after China had disappointing economic growth, resulting in concerns about energy demand. Plus, crude oil production in North Dakota has been cut in half because of extremely low temperatures. It also proved to be another day of losses …
