Public Service Company of Oklahoma defended its proposed acquisition of a Jenks power plant arguing a recommended denial by a Corporation Commission Administrative Law Judge was in error. “The Administrative law judge was in error and misconstrued the rules of the Commission,” argued attorney Jack Fite on behalf of PSO which filed a …
Crude oil prices up…Oklahoma energy stocks down. It summarized the results of trading on Monday. A breakdown in U.S. talks with Iran over its nuclear program sent crude prices upward. Iranian state media quoted a Deputy Foreign Minister as indicating the talks will go nowhere if the U.S. continues insisting that Tehran stop all …
Oklahoma Gov. Kevin Stitt called it a “monumental day for Oklahoma” in referring to his recent announcement of a $4 billion investment by Emirates Global Aluminum in an industrial plant near Inola. Rep. Jim Shaw, R-Chandler calls it “crony capitalism” and came out in opposition to the state coming up with hundreds of millions …
Major oil and gas firm Helmerich & Payne, Inc. announced this week big plans for development in another sector of its investments beyond oil and gas rigs. The Tulsa-based company is also owner of the Utica Square shopping center, a 40-store development the company acquired in 1964 when Walt Helmerich signed the purchase agreement …
Media reports indicate there is growing concern about a new law in Arkansas created to protect royalty owners in the Fayetteville Shale. One oil and gas group is talking of a possible constitutional challenge. The Arkansas Democrat-Gazette reports the new law that will take effect in August is opposed by the Arkansas Independent Producers and …
A major acquisition totaling $11.5 billion has been announced involving the New Mexico sister-company of Public Service Company of Oklahoma. TXNM Energy Inc, parent company of Public Service Company of New Mexico, announced Monday it agreed to be acquired by investment firm Blackstone Inc. Public Service Company of New Mexico serves about 550,000 …
A new report by the Data Center Watch says activists opposed to the growth and development of data centers like those planned in Oklahoma have managed to delay or stop an estimated $64 billion in centers across the U.S. Some groups in Oklahoma are among those reported by the organization in its newly-released report. They …
Northern New Mexico is the site of what will become the nation’s first hydrogen microgrid. The federal government granted funds in January in the last month of the Biden adminsitration to New Mexico’s Kit Carson Electric Cooperative and now the firm has begun a hydrogen safety assessment project in order to show the value …
** A historic milestone was reached in the United States in March. For the first time ever, cleaner, low-carbon energy sources generated more electricity than fossil fuels. According to data from Ember, a nonprofit focused on energy, the share of fossil fuels in the country’s energy production fell to 49.2%. ** A 1.3 gigawatt (GW) solar …
An oilfield disposal company is ordered to shut down its injection of wastewater deep underground to stop earthquakes. Sound familiar? It’s what happened over the past several years in Oklahoma following an increase of earthquakes, ranging from weak to strong ones that caused significant damage. But in this latest case, it’s action taken by the …
