Early-morning thunderstorms sped across central Oklahoma Tuesday, leaving some homes damaged by strong winds, downed power lines and nearly 10,000 customers without power at one point. News 9 TV reported that in Tuttle, high winds left debris strewn over parts of the town, and downed power lines in the area, resulting in power outages …
Category: General
Williams prices $1.25 billion in Senior Notes
Williams announced this week the public offering of $1.25 billion in Senior notes. The company said it intends to use the net proceeds of the offering for general corporate purposes, which may include the repayment of our near-term debt maturities. The break-down includes $350 million of its 5.400% Senior Notes due 2026 at a …
New clean energy options program approved for Entergy Arkansas
Clean energy options offered by Entergy were recently approved by the Arkansas Public Service Commission. The program is titled “Go ZERO” and it offers commercial and industrial customers options for clean energy. Go ZERO stands for Zero Emissions Resource Options and and allowed customers to acquire clean energy attributes associated with the output of …
Oklahoma among few states with solar manufacturing plants
A new report shows Texas and Georgia lead the U.S. in the number of new solar manufacturing plants following the passage of the IRA nearly a year ago. Oklahoma is among the few states with only one solar project according to the report by PV Tech. Texas has six and Georgia has five …
Oklahoma City’s Ascent Resources releases 2022 ESG report
Oklahoma City’s Ascent Resources,LLC is out with its 2022 Environmental, Social and Governance Report. Among the company’s improvements was a 15% reduction of its Scope 1 GHG emissions from 2021 and 33% since 2020. Scope 1 emissions are defined as direct greenhouse gas emissions from sources controlled or owned by the orgniazation, such as …
Lower gas prices and falling rig counts prove challenging for Nine Energy
Nine Energy’s President and CEO Ann Fox sees some positive signs along with the negative in the second quarter results for her energy company. Revenue for the Texas-based company, which has operations in Oklahoma, was $161.4 million and within the firm’s original guidance. But with a decline in well completions, things have been challenging …
Headlines
** Plains All American Pipeline (PAA) reported strong second-quarter results highlighted by improved operations and a $225 million bolt-on acquisition in the Permian Basin. Plains All American closed on its Permian bolt-on deal July 28 to acquire Diamondback Energy’s 43% share in the OMOG JV LLC pipeline. ** In a letter to Granholm sent Monday afternoon, 29 Republicans led by House …
Energy Tech Night at OKC’s Tower Theatre on Thursday Night
Energy startups, innovators, venture groups and the finance community will come together to catch up on the latest in emerging tech at Energy Tech Night to be held at the Tower Theatre in Oklahoma City on Thursday, August 10, 2023 from 6 p.m. to 9 p.m. Each quarterly Energy Tech Night offers insights from energy …
Biden Administration Delays Plans to Restock Emergency Oil Reserves
The Biden Administration is delaying plans to restock the nation’s emergency oil reserve amid a price hike that has pushed oil above $80 per barrel, according to a published report by the Associated Press. The Energy Department recently canceled a planned purchase of six million barrels for the strategic reserve, saying it wants to secure …
Oklahoma Commerce Department extends contract to boost defense spending in state
The Oklahoma Commerce Department announced it recently renewed a contract to help expand Oklahoma’s aerospace industry and increase Department of Defense spending in the state. The contract by the department’s ACES division is with Source Approval Packaging & Aerospace Consultation, LLC and will provide aerospace and defense contracting consulting services for Oklahoma’s small and medium …