One New Mexico U.S. Senator complains the President’s recent cancellation of a nearly $5 billion loan for the Grain Belt Express power-line project from Kansas to Illinois was illegal. Sen. Martin Heinrich also contends the Energy Department’s move to call off the $4.9 billion loan to Invenergy will only erode the private sector’s already …
Category: Oil & Gas
Lower oil prices haven’t affected Oklahoma’s rig counts so far
The latest Baker Hughes rig count showed Oklahoma’s drilling activity is seeing no sign of weakening or declining, despite the drop in crude oil prices. Oklahoma’s count of 43 was unchanged from a week earlier and the figures showed the strongest drilling activity remains in the Granite Wash of the western region of the …
Transmission line fought by some in central Texas
Another fight is underway against a proposed large electrical transmission line. The battle is waged in central Texas where residents near the tourist mecca of Salado, a small town filled with attractions and restaurants along I-35. The residents don’t want a 200-mile 765 kv transmission line carrying power to the Permian Basin. The line …
Next step made in proposed $13 billion AI center in Amarillo
The company that joined forces with Texas Tech University to build a $13 billion nuclear development of what could become of the largest AI complexes in the world at Amarillo has named two veteran nuclear industry executives to lead the project. Fermi America announced recently the naming of Mesut Uzman as chief nuclear officer and …
Crude oil prices gained during Trump’s meeting with Zelensky and European leaders
A 1% gain in crude oil prices was made Monday while President Trump and Ukrainian President Volodymyr Zelenskiy along with European leaders met at the White House to discuss an end to the war with Russia. Prices rose as President Trump expressed optimism that Russia’s Vladimir Putin wants the war to end. Global …
Oklahoma gas prices are some of the lowest in the nation
Based on AAA reports, Oklahoma has some of the lowest gasoline prices in the country with a state average of $2.67 per gallon. A week ago, the average was 4 cents higher while a month earlier, the Oklahoma average was $2.76 per gallon. It compares to a nationwide average of $3.13 per gallon. …
Is “Drill baby drill” really working?
It’s what some in the energy industry really want to know….whether President Donald Trump’s theme of “drill baby drill” is working. If you check with economist Steve Moore and his “Committee to Unleash Prosperity,” it is working. Consider his lead sentence in his Tuesday update. “Drill baby drill is working.” He went on …
Cushing worker found dead inside ethanol plant tank
A Cushing, Oklahoma worker was found dead over the weekend inside a fermenting tank at a Nebraska ethanol plant. He was identified as Randall McElroy, 31 whose body was found Saturday at the Husker Ag Ethanol Production facility near Plainview, Nebraska. KTIV News reported Plainview Fire and Rescue and Pierce County Sheriff’s deputies responded …
Xcel says it needs to spend $22 billion to keep up with potential demand from Colorado data centers
(Kathryn Scott, Special to The Colorado Sun) Just like Oklahoma regulators, those in Colorado are dealing with the boom in the construction of data centers, a boom that will create a demand for more electricity to power those operations. One of the latest proposals to the Colorado Public Utilities Commission is Xcel Energy’s idea …
Arkansas utililty rates could rise over construction of natural gas plants
A new law in Arkansas opens the door for higher electric rates as the state’s two largest utilities propose “strategic investments” including new gas-fired power plants. Entergy Arkansas, the largest electric utility in Arkansas, has filed application to build a 754-megawatt natural gas-fired power plant, which it hopes to finance with a rate increase …