Despite the Trump administration’s announced cancellation of a nearly $5 billion federal loan guarantee for the Grain Belt Express transmission project, developer Invenergy says it’s moving forwarad with private financing. The cancellation of the $4.9 billion federal loan guarantee came last week. Invenergy wants to build the large transmission line to carry wind-powered …
(Reuters) Oklahoma could have a direct role in the historic trade agreement reached by President Trump with European Commission President Ursula von der Leyen, one that gives the EU a $750 billion energy commitment with the U.S. Few details of the energy impact are available but this much is known. As a result …
Scott Mitchell talks energy with Jerry Bohnen and offers a preview of a poll on what Oklahomans think of energy. One even offers a blunt view of low crude oil prices.
Four projects totaling $58.8 million for high-speed internet expansion in southeastern Oklahoma were officially launched Friday in the Choctaw County town of Grant by the Oklahoma Broadband Office (OBO) and internet service provider Pine Telephone Company. The projects, funded through $39.7 million in federal grants administered by the OBO coupled with $19.1 million in matching …
Lower crude oil prices on Friday left West Texas Intermediate crude down 3% and Brent crude down 1% for the week. Traders and investors were worried about negative economic news from both the U.S. and China, in addition to more signs of a growing supply. West Texas Intermediate fell 87 cents for the …
Data source: Bloomberg L.P. Note: Annualized percentage, a widely used trading measure of price volatility, is the standard deviation for the previous quarter of daily changes in the Henry Hub front-month futures price multiplied by the square root of 252 (number of trading days in a year) multiplied by 100. Percentages are averages for that period. 1Q25=first quarter of …
Union Pacific confirms it is in merger talks with Norfolk Southern Corporation. The U-P serves Oklahoma and 22 other states and issued a recent statement confirming it is engaged in advanced discussions regarding a potential business combination. The statement indicated, “There can be no assurances as to whether an agreement for a transaction will …
Records show energy lobbyists spent nearly $4 million in a recent attempt to save some of the green energy priorities adopted by the Biden administration before Congress and President Trump signed the One Big Beautiful bill into law. As one news outlet put it, “they didn’t get much bang for their buck.” E&E News …
The recent departure of Oklahoma Deputy Attorney General Chase Snodgrass resulted in a change of state attorneys representing the Corporation Commission in the lawsuit filed by three state legislators challenging the votes of Commissioner Todd Hiett. Snodgrass resigned to take a position with an Oklahoma City law firm and his departure was explained …
Tenth District manufacturing activity edged up slightly, and expectations for future activity remained expansionary. Price growth cooled slightly for both raw materials and finished products. Oklahoma is one of the states that makes up the Tenth District of the Kansas City Federal Reserve Bank. The month-over-month composite index was 1 in July, up slightly …
