As Oklahoma regulators recently focused on the state’s need for more electricity in the effort to expand economic growth and industries, Texas appears to be ahead of the game. “Spurred by data centers and population growth, demand for electricity in Texas is expected to nearly double by 2034,” is how Oil & Gas Watch described …
Category: General
Layoffs revealed at Sandia National Laboratories
More than 500 workers at the Sandia National Laboratories in New Mexico are being laid off. The government facility said exact number of workers to lose their jobs is 510. It will reduce Sandia’s workforce of nearly 17,000 by between 1% and 3%. A spokesman explained the “realignment,” as it’s being described, will …
Williams makes $1.5 billion public offering in senior notes
Williams announced it has priced a public offering of $1.5 billion in senior notes. The Tulsa-based pipeline firm said it intends to use the net proceeds of the offering to repay its near-term debt maturities and for other general corporate purposes. The offering includes $750 million of the company’s 4.625% Senior Notes due …
New Mexico faces growing costs of plugging abandoned wells
New Mexico legislators were told in a recent report the state could face upwards of $1.6 billion in costs in identifying and plugging an thousands of abandoned wells in the state. The 47-page report by the Legislative Finance Committee said the range of cost would be between $700 million and $1.6 billion and take …
Highway construction could slow some July 4th Holiday traffic in Oklahoma
It’s not a matter “if” highway construction projects will affect July 4th Holiday traffic in Oklahoma. It will. The list of construction projects provided by the Oklahoma Department of Transportation and the Oklahoma Turnpike Authority is a long one. From one end of the state to the other. The impact for holiday travelers will be …
$350 million plant expansion in Arkansas includes production of its own electricity
More and more, the ability of new or expanding industry to produce some of its own electricity is becoming critical around the country. In something of a “behind the meter” move such as Oklahoma implemented this year with a new state law, allowing industries to generate their own electricity, a similar move was part …
Energy briefs
** Federal regulators have issued a handful of gas-related orders that clear the path for new pipeline and energy infrastructure in the Midwest and along the Gulf Coast. The decisions from the Federal Energy Regulatory Commission come as the agency has taken steps to remove barriers to building gas pipelines, including granting a one-year waiver to a FERC rule …
Petroleum Reserve won’t be refilled for now—millions are needed for repairs
Remember when President Biden took oil out of the nation’s Strategic Petroleum Reserve to lower the country’s gasoline prices? Oklahoma’s congressional delegation squawked about it at the time and charged Biden did it only for political purposes. But now the Trump administration is in no hurry to refill the Reserve even though President Trump had …
Crude more more gains on Thursday as summer driving season increases demand
Just as we highlighted the number of Oklahoma counties with $3 gasoline, crude oil prices gained again on Thursday and experts credited increased summer driving behind the growth. The higher demand prompted by more drivers on the road overrode concerns about supply risks in the Middle East as Iran and Israel continue their …
$3 gas spreads across Oklahoma reports AAA
The last time AAA reported on gasoline prices across the country, it was headlined “Gas Prices on Cruise Control to begin June.” But judging by the latest prices in Oklahoma, it would appear the cruise control might be coming off. The latest AAA report showed Oklahoma’s average price for gasoline was $2.81 per …