The top man at American Electric Power, parent company of Public Service Company of Oklahoma has expressed confidence that America’s power grid will be more than capable of handling any explosion of electric vehicles in the coming years. It’s what AEP CEO Nick Akin recently told CNBC, saying, “We could handle it right now. …
Category: Oil & Gas
The fight for transparency with regulators
Trying to get to the bottom of utility matters and obtaining some public records from state regulators can be challenging at times—sometimes difficult at best. One reporter with the Kansas Reflector found that out in attempting to learn more about what really caused the massive spike in natural gas prices during the February 2021 …
Tuesday energy news headlines
** International Business Machines Corp and Amazon.com Inc’s Amazon Web Services said on Monday they would work together to extend the reach of a set of tools that oil companies use to manage disparate types of data. ** Senate Majority Leader Chuck Schumer (D-N.Y.) urged the Biden administration on Sunday to tap into the nation’s emergency petroleum …
Crude oil fell on Friday as did many OK energy stocks
The Biden administration’s threat of a possible release of crude from the Strategic Petroleum Reserve resulted in a drop in oil futures on Friday. Many Oklahoma energy stocks took the same route. West Texas Intermediate crude for December delivery fell 80 cents or 1% to $80.79 a barrel on the New York Mercantile Exchange. …
Major transmission project in Southeast New Mexico finished by Xcel Energy
Xcel Energy announced a major multi-million dollar high-voltage transmission line in southeastern New Mexico’s heavy oil and gas drilling area has become operational. The company said the major power-grid improvement project launched in2014 to support southeast New Mexico’s economic development was recently completed in southern Eddy and Lea counties. “Over the past 15 years …
Alliance rips Sen. Warren over oil export ban idea
Massachusetts Sen. Elizabeth Warren, already criticized by Oklahoma energy producers when she made a Democratic run for President is not improving in her standing with her home state of Oklahoma. Nor of Texas. She and other Democrats in the Senate recently proposed a ban on all U.S. oil exports in a move to put …
Rig activity on hold in Oklahoma but growing nationwide
The latest rig numbers from Baker Hughes show Oklahoma is on hold with its count—44 rigs as of this past week, same as the previous week. Over the past week, figures from state regulators showed no new permits to drill and no new completion reports in Oklahoma. Nationally, numbers increased 6 to 556 total. …
New Mexico’s governor faces opposition from environmentalists over a pet project
New Mexico Gov. Michelle Lujan Grisham’s hunt for federal funding to turn her state into a national center for hydrogen production has run into opposition—from environmental groups. She’s pushing a Hydrogen Hub Act in the upcoming legislative session but a report by Capital & Main shows environmentalists and Indigenous groups are creating a road …
Monday’s energy news headlines
** A report released Thursday by Ember, an independent energy think tank, shows the U.S. is still among the world’s top coal users. It casts doubts on Climate Envoy John Kerry’s boast at the U.N. Climate Change Conference in Scotland that the U.S. coal production will be phased out by 2030. ** Democratic Senator Joe Manchin said on Thursday …
Colorado biofuel firm to produce ethanol-based jet fuel
A Colorado-based biofuel company has partnered with Chicago-based ag giant ADM to help it produce low-carbon jet fuel. Gevo Inc.’s deal will allow it to use half of the ethanol produced from corn by ADM in the low carbon sustainable aviation fuel that Gevo plans to produce reported the Denver Business Journal. Click here …