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: General
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 …
ODOT launches inaugural snowplow naming contest
Naming a snowplow? Maybe “Bobby the Pusher” or “Cindy snowplow” or how about “Pat the plow?” It’s what the Oklahoma Department of Transportation wants school age children to do—-come up with names for the state’s 24 snowplows. Oklahoma winters may be unpredictable, but one thing is certain: every snowstorm deserves a snowplow with …
Water needs to get attention of legislative subcommittee
One of the growing concerns about the increasing number of data centers and proposed centers in Oklahoma is water. Data centers consume large amounts of water for cooling purposes and it is a topic raised by some who question whether new data centers will end up harming Oklahoma’s water resources. So some Oklahoma …
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 …
Executive termination announced at Expand Energy
Expand Energy Corporation announced its Executive Vice President and Chief Financial Officer, Mohit Singh has left the Oklahoma City firm. He was terminated for an unexplained reason. A filling with the Securities and Exchange Commission showed he “will depart the Company to pursue other interests due to a termination without cause, effective August …