Crude oil prices didn’t just gain on Thursday as the Middle East fighting expands and boils over, they soared, going up close to $4 a barrell. And Oklahoma energy stocks shot up as well with one firm seeing a nearly 10% gain for the day. It’s a sign that investors believe Israel’s response to Hezbollah …
October 3, 2024 archive
Drought grows in Oklahoma, especially in the southwest
The latest drought monitor shows the driest areas of Oklahoma are mostly in the southwest corner of the state with some areas in the northeast. Based on the Oklahoma Mesonet Report issued Thursday, it clearly shows a strong need for rain. The Drought Monitor also showed that September indicated which parts of the …
FAA adds OU and Tulsa Community College as air traffic control training sites
A big change has been announced regarding the government’s training of air traffic controllers at its Oklahoma City academy. The Federal Aviation Administration announced the addition of two more training centers and both are at Oklahoma educational centers. TheFAA signed agreements with Tulsa Community College and the University of Oklahoma to become the first …
Government funds $306 million for 400-mile electrical transmission line across Oklahoma
A 400-mile high-voltage transmission line from one tip of Oklahoma to the other was among four projects receiving $1.5 billion this week from the U.S. Department of Energy, projects aimed at strengthening the nation’s electricity grid. Supported by the Bipartisan Infrastructure Law and administered through DOE’s Grid Deployment Office (GDO), the projects selected for …
Carbon capture pipeline fight goes before Iowa Supreme Court
While Oklahoma’s Supreme Court has been wrestling in recent weeks with legal issues surround Corporation Commissioner Todd Hiett and those who want him stopped from voting on some utility cases, the Iowa Supreme Court prepares to hear arguments on a growing pipeline fight. The fight revolves around the Summit Carbon Capture pipeline that has …
Mammoth Energy declares itself ‘debt free’ after big hurricane relief payment from Puerto Rico
Oklahoma City’s Mammoth Energy Services said it used some of its $180 million payment from Puerto Rico’s Power Authority to pay off its term credity facility and as a result the company declared itself debt free. In an announcement Thursday, Mammoth said it paid $50.9 million with Wexford Capital LP. The payoff was part …
Arkansas eligible for $1 billion in money to launch rural broadband program
Another round of government money is going to be made available to expand broadband services in Arkansas. Gov. Sarah Huckabee Sanders and Arkansas State Broadband Director Glen Howie announced this week that the National Telecommunications and Information Administration (NTIA) has approved the second volume of Arkansas’ initial proposal for the Broadband Equity Access and …
Ovintiv agrees to $16 million EPA fine in Utah
The U.S. Environmental Protection Agency and the Department of Justice announced a more than $16 million settlement with Ovintiv USA Inc. resolving Clean Air Act violations at the company’s oil and gas production facilities on the Uintah and Ouray Reservation in Utah and Utah state lands. The settlement requires Ovintiv, a company with offices …
Federal Reserve Bank study finds Oklahoma’s rising labor force participation driven largely by Native Americans
Oklahoma’s labor force participation recently moved higher than the U.S. rate for the first time in over three decades. Most of the labor force gains were in or near the Oklahoma City and Tulsa metropolitan areas, but the southeastern portion of the state also made a sizable contribution. This edition of Oklahoma Economist from the Federal …
Solar energy electricity generation is growing in U.S.
Data source: U.S. Energy Information Administration, Hourly Electric Grid Monitor According to the U.S. Energy Information Administration, a new study shows solar energy is growing across the nation. In August 2024, utility-scale generation of solar electricity averaged 63.1 gigawatthours between 10:00 a.m. and 6:00 p.m. each day in the Lower 48 states, 36% more than for …
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