After 17 years of working to get approval for the massive wind and solar energy project in New Mexico, developer Pattern Energy Group LP announced it has secured $11 billion in financing. Construction is underway on the 3.5 gigawatt SunZia project which will carry electricity out of state to Arizona and is the …
Wednesday brought a big drop in crude oil prices and for Oklahoma energy stocks. The tumble came after a few days of gains. Benchmark U.S. crude, West Texas Intermediate for February delivery, dropped $1.46 or 1.9% to $74.11 a barrel in trading on the New York Mercantile Exchange. World benchmark Brent crude for February …
** ConocoPhillips COP has been granted financial approval for its Willow oil and gas drilling project in Alaska, with a budget of $8 billion. Following the approval, the company has initiated winter construction. Residents of Alaska are now experiencing the positive outcomes of responsible energy development. ** Samsung Electronics Co. has delayed mass production plans at its new …
US House Science, Space, and Technology leaders raised concerns with the Environmental Protection Agency’s implementation of the Greenhouse Gas Reduction Fund (GGRF). Environment Subcommittee Chairman Max Miller and Investigations and Oversight Committee Chairman Jay Obernolte wrote a letter to EPA Administrator Michael Regan about potential unfair advantages granted in GGRF awards. The GGRF was intended to …
Crude oil prices recorded a more than 2% gain on Tuesday, the highest level this month. Oklahoma energy stocks also made gains in the days trading following more attacks on ships in ther Red Sea. West Texas Intermediate crude went up by $2.01 or 2.7% to close at $75.57 a barrels on the New York …
Oklahoma House Speaker Charles McCall, R-Atoka, has filed multiple pieces of legislation regarding personal income tax cuts ahead of the upcoming session of the Oklahoma Legislature. The bills are the latest in a series of tax cut plans that the House has filed and passed throughout the last three years. “Everyday Oklahomans continue to …
In citing some of his efforts in Congress, Oklahoma U.S. Sen. James Lankford pointed recently to protecting Oklahoma energy companies from what he labeled as”unfair taxes.” The Senator says the unfair taxes arose from the efforts of Democrats who allow restaurants, repair shops or other store operators to deduct normal business expenses, but not …
The Biden administration once again is reaching deeper into the pockets of taxpayers to fund billions of dollars in tax credits to hydrogen producers. Details of the plan were laid out Friday as the government wants to get behind a big push to build the industry as a cleaner alternative to fossil fueled power. …
** The West Texas Intermediate (WTI) crude oil price is once again nearing the $75 per barrel threshold and is expected to stay robust into the coming year. Specifically, the U.S. Energy Information Administration (“EIA”) anticipates a WTI oil price of $78.07 per barrel in 2024, slightly surpassing its projected figure of $77.63 for the …
If you’re one of those who tears down your Christmas tree only a day or two after Christmas day, Oklahoma City is once again offering to turn it into free mulch. OKC residents can drop off natural Christmas trees for OKC Parks to mulch from Dec. 26 through Jan. 15. Of course, remember to remove …
