A recent in-depth article in The Hill made it clear, Oklahoma Congressman Frank Lucas is not ready to surrender the USDA research station at Fort Reno into the hands of the Cheyenne and Arapaho Tribes. The August story, headlined “GOP lawmaker squares off with USDA, tribes over farm bill land transfer,” described it as …
September 2024 archive
District Judge weighs arguments in lawsuit challenging constitutionality of Oklahoma’s anti-ESG Act
The Oklahoma County District Judge who earlier suspended enforcement of the state’s anti-ESG law has yet to issue a response to a request to make her ruling a permanent one. District Judge Sheila Stinson was asked for a summary judgment by state retiree Don Keenan who filed suit last year contending the Oklahoma Energy …
Crude oil supplies across the US and the Cushing Hub dropped again in the past week
Another drop in crude stocks across the U.S. including the Cushing Hub in northern Oklahoma was reported this week. The U.S. Energy Information Administration recorded the U.S. total of crude oil fell 6.9 million barrels. The U.S. crude oil supply totaled 425.2 million barrels as of August 23 but fell to 418.3 million barrels …
Attorney General wants FERC to deny application for Kiamichi River hydroelectric power plant
Add Attorney General Gentner Drummond to the list of those public leaders who have come out against a proposed hydroelectric power plant on the Kiamichi River in southeast Oklahoma. He announced Thursday he had urged the Federal Energy Regulatory Commission to deny an application of the Soutoheast Oklahoma Power Corporation to build the plant in …
Casey’s store chain continues with big revenue gains
Casey’s General Stores, the fast-growing convenience store firm that has become a strong competitor of Love’s stores in Oklahoma and surrounding states reported first quarter earnings showing contined big growth. The Iowa-based chain reported a 6% gain in net income which totaled $180 million and EBITDA of $346 which was up 9% from …
Increased demand for natural gas means no construction slowdown at Williams Cos.
Williams Cos. isn’t slowing down on its construction projects to meet the demand of natural gas. Speaking this week at the Barclays CEO Energy-Power Conference, CEO Alan Armstrong said his Tulsa-based company is on track to add 12 projects representing nearly 4.2 billion cubic feet a day of capacity over the next three years. …
Energy briefs
** A company that pledged to remove used wind turbine blades from a vacant Minnesota property to have them recycled in Ohio abruptly went out of business, leaving state regulators to decide whether to intervene. ** A North Dakota labor union accuses a wind energy developer of hiring out-of-state workers to build a project after promising to use …
Government to fund billions for rural electric cooperatives
A rural electric cooperative in Wisconsin is set to receive $573 million in government funding as part of the Biden administration’s latest massive clean energy effort. The administration annoounced it will spend $7.3 billion from the Inflation Reduction Act to finance the projects for rural electric cooperatives across the nation where 42 million Americans …
Oklahoma’s August gross production tax revenue showed an improvement
Oklahoma State Treasurer Todd Russ reported Oklahoma’s total tax revenue grew nearly 2% in August compared to August of 2023. Gross production taxes on oil and gas also grew more than 2%. In an update of gross receipts to the Treasury, he said total August revenue increased over last year by $24.2 million or …
Crude oil prices dropped Wednesday by more than $1 a barrel and took OK energy stocks downward too
As crude oil futures fell by more than $1 a barrel on Wednesday’s trading, Oklahoma energy stocks fared no better, recording losses for a second consecutive day. Crude fell even as negotiators attempted to bring an end to the stoppage of crude oil shipments out of Libya. The day brought news that OPEC+ was …
