A reversal by the Arkansas Attorney General on the settlement of a more than 23% rate hike for customers of Summit Utilities has created a political storm in the state. AG Tim Griffin first agreed to the settlement of the 23.4% rate hike for the 410,000 homes and businesses served by Summit Utilities. But …
October 2024 archive
Solar panels in Puerto Rico result in floods for the people
Ever since Hurricane Maria destroyed Puerto Rico’s power grid 7 years ago, the island territory has struggled with power changes. As we have followed the struggles of Oklahoma City’s Mammoth Energy Services to get paid millions for the work it did in restoring electrical power after the 2017 hurricane, now comes a different challenge …
Energy briefs
** Boeing is exploring asset sales in a bid to boost its fragile finances by shedding its non-core or underperforming units, the Wall Street Journal reported on Sunday. The planemaker last week reached an agreement to offload a small defense unit that makes surveillance equipment for the U.S. military, the paper reported, citing people familiar with the …
Kansas saw big jump in clean energy jobs in 2023
The state of Kansas saw a 5% increase in clean energy jobs last year according to a new Clean Jobs Midwest’s report. As a result, Kansas had 26,058 people working in the clean energy industry, far more than in 2019 when 24,812 worked in the industry. The report found 761,000 people were employed by …
Puerto Rico finally coughs up millions owed to OKC energy firm for 2017 Hurricane help
Puerto Rico’s finally come through with payments to Mammoth Energy Services and its wholly owned subsidiary Cobra Acquisitions LLC for the work it performed following the 2017 Hurricane Maria The Puerto Rico Electric power Authority, according to an announcement by Mammoth Energy of Oklahoma City, made a payment of $18.4 million in accordinance with …
Feds finance more than a dozen solar farms in Arkansas
More than $2.5 million in federal funding has gone to the building of 13 solar farms in Arkansas. The money, totaling $2.573,271, came from the U.S. Department of Agriculture. According to USDA officials, the grants provided through the USDA Rural Energy for America Program (REAP) are intended to lower energy costs while providing jobs and clean energy. …
Little change cited in oil and gas drilling in nation’s shale plays
The latest rig count released by Baker Hughes Co. indicated that most of the oil and gas plays across the U.S. saw little change in their drilling activity. The Permian Basin rig count was unchanged at 304, according to the report. The Williston in North Dakota and South Dakota remained at 34, the …
Mitchell talks energy with Jerry Bohnen
Attorney General Gentner Drummond’s lawsuit over price gouging from the 2021 winter storm went before an Osage County District Court judge in the past week. It was a topic of conversation on Mitchell Talks Energy with Jerry Bohnen. (we’re having some difficulty with our link this week. Please copy and insert in your browser …
Crude oil prices fell again Friday and tumbled 7% for the week
Crude oil prices took another decline on Friday falling about 2% but for the week, they dropped 7%. West Texas Intermediate crude, considered the benchmark in the U.S., fell below $70 a barrel on the New York Mercantile Exchange. It dropped $1.45 or 2.05% per barrel and settled at $69.22. Brent crude, the global …
Nov. 6 release for Williams 3Q financial results
Tulsa’s Williams Cos. plans to announce its third-quarter 2024 financial results in less than 3 weeks. The company said it would release the financial report after the market closes on Wednesday, Nov. 6. Management plan to hold a conference call the next day, Thursday, Nov. 7 at 8:30 a.m. central Time. Despite low …