Oklahoma Corporation Commissioners may have a decision Thursday on the request of Public Service Company of Oklahoma for approval to complete the $730 million acquisition of a gas plant in Jenks. An administrative law judge had been hearing arguments for and against the request since last week. Commissioners announced Wednesday they would meet at …
March 12, 2025 archive
Mammoth Energy Services reveals change in accounting
Oklahoma City’s Mammoth Energy Services says it is switching accounting firms. In a filing with the Securities and Exchange Commission, the energy company announced “the dismissal” of Grant Thornton LLP as the firm’s independent registered public accounting firm and hired Deloitte & Touche LLP. Grant Thornton was informed of the decision on March 10 …
Big gain for crude oil prices on Wednesday
Tighter than expected oil and fuel inventories played a role Wednesday in the 2% gain for crude oil prices. The 1.4 million barrel increase was less than the 2-million barrel rise expected by forecasters. West Texas Intermediate crude rose $1.43 or 2.2% to $67.68 per barrel on the New York Mercantile Exchange. Brent crude …
Southwest Power Pool makes executive appointment
The regional transmission grid of which Oklahoma is a member, the Southwest Power Pool announced the naming of a chief of staff. Emily Pennel will assume her new duties in reporting to incoming SPP President and Chief Executive Officer Lanny Nickell, effective April 1. Pennel joined SPP in 2006. For the past two …
Arkansas legislators explore ways to stop rising electricity rates
The Arkansas State Senate wants to do something about growing electricity rates in the state. It voted last week to asking the Arkansas Public Serice Commission to come up with suggestions on a bill to change the process for construction of electricity-generating plants. Click here for Arkansas Advocate
Cushing Hub records drop in crude stocks
While U.S. crude stocks grew in the past week, there was a surprising drop in the amount of crude oil held in storage at Oklahoma’s Cushing Hub. The Hub declined by 1.2 million barrels from 25.7 million barrels the week of Feb. 28 to 24.5 million in the most recent week of March 7, …
Another side to increasing wind farm setbacks
When it comes to fighting wind farms in Oklahoma, not every landowner is against them. As KTUL TV News recently reported, some landowners want the additional income from wind turbines being built on their land. They do not support Rep. Trey Caldwell’s HB 2751, which would impose a setback of 2 1/2 times the …
Google to build data center in Stillwater
Google is coming to Stillwater to build a data center that is touted as perhaps one of the largest economic development projects in state history, one totaling $3 billion. “Google choosing Stillwater is a testament to the strength of our economy, our workforce, and our commitment to community investment,” Mayor Will Joyce said in …
Legislators kill measure to end wind subsidies early
Some anti-wind groups are suggesting a betrayal when Ada Sen. Jonathan Wingard’s bill to bring a fast end to wind-farm subsidies in Oklahoma died in a Senate Committee. SB239 would have brought an abrupt end to the deal struck in 2017 to end tax credits and subsidies to wind farm operators for a ten …
Senator hopeful his energy bills get a vote in the state senate
Some energy bills introduced by Sen. George Burns, R-Pollard await a chance to be heard on the Senate floor. The bills cover groundwater permits, shut-in gas wells and coal-powered operations. “These measures address key concerns for Oklahomans, from ensuring responsible groundwater use and energy production to protecting Second Amendment rights and improving oversight in …
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