Changes in leadership at Mammoth Energy Services, Inc. have been announced following the $109 million sale of some of its subsidiary holdings to Peak Utility Services Group, Inc. The biggest change will be the loss of Chief Executive Officer Phil Lancaster who resigned Mammoth effective June 30 to become an employee of Peak. In recent …
The Oklahoma Corporation Commission’s recent decision, on a split vote, to approve Public Service Company of Oklahoma’s $730 million purchase of a 23-year old power plant in Jenks shows a distinct difference of opinion between at least two of the commissioners. It was a 2-1 vote to approve PSO’s request to purchase the …
Skepticism to the possibility of a huge new data center in some areas of Oklahoma is not limited to just Oklahoma. Other states are facing the same kind of questions regarding the gigantic spread of the data centers, that not only require significant amounts of electric power but space too. Questions were raised …
** The value of Tesla shares drops 14%, erasing $150 million of the electric vehicle company’s value, as CEO Elon Musk publicly spats with President Trump. ** Officials from Entergy New Orleans and grid operator MISO discuss how the lack of adequate transmission lines led to widespread outages in Louisiana over the Memorial Day weekend. …
We’ve been warning you about the prospects of the Heartland Flyer Amtrak train being officially derailed because of the Texas Legislature’s move to no longer fund its share of the route between Oklahoma City and Fort Worth. Now it’s apparently official…the death notice has been announced by federal transportation officials who say the passenger …
Oklahoma Governor Kevin Stitt joined local leaders in Chickasha to unveil plans for a major new industrial park and power generation initiative— projects representing the largest single private investment in the city’s history. Spearheaded by Chet Hitt, the development of the industrial park is projected to attract high-demand industries, potentially creating thousands of new …
China’s agreement to hold more trade talks with the U.S. sent crude oil prices up on Thursday. The gain came a day after prices dropped 1% because of growing gasoline and distillate stockpiles in the U.S. Global benchmark Brent crude rose 48 cents or 0.7% to settle at $65.34 a barrel. U.S. standard, West …
The latest so-called Beige Book on economic conditions as described by the Kansas City Federal Reserve Bank indicated there was moderate growth when it comes to electric power generation in the states that make up the Tenth District, including Oklahoma. At the same time, electric rates will likely continue to rise. “Electric power …
Another of the latest prospects for a data center in Oklahoma is in the eastern Oklahoma County town of Luther and it’s being met with some skepticism and lots of questions from some residents. A recent town-hall meeting was held where some details were offered by a representative of Beltline Energy, a firm headquartered …
Native Americans and environmental activists in New Mexico are fearful the Trump Administration’s Department of the Interior might reverse protections for the historic region of the state known as Chaco Canyon. The Interior Department sent a late May letter to tribal governments indicate it is giving consideration to the reversal which would “open the …
