A report shows Oklahoma gets 41% of its electrical power from renewable energy. It is one of 28 states that receive more electricity from wind and solar than from coal-fired power plants. Only 6% comes from coal in Oklahoma and other sources provide 52% of the electricity. In Kansas, 52% of the electrical power …
**Elk Range Royalties bought 250,000 net royalty acres in the Denver-Julesburg Basin for $905 million from from Occidental Petroleum, which is looking to shed debt after last year’s acquisition of CrownRock, reported Hart Energy. ** Interior Secretary Doug Burgum announced plans to reopen 82% of Alaska’s National Petroleum Reserve and the 1.56-million-acre Coastal Plain of …
Another northern Arkansas county just put a hold on any construction of new wind and solar projects. The action was taken recently by the Carroll County’s Quorum Court which is the elected governing body for the county. The vote came only months after a neighboring county did the same. The Arkansas Times reported a …
** APA Corp. cut about 300 employees globally as it becomes the latest oil producer to reduce costs by eliminating jobs. The company formerly known as Apache made the reductions in January and late February, APA said in an emailed response to questions. It amounts to between 10% and 15% of the company’s workforce of …
The Arkansas legislature has introduced the state’s first regulatory framework to control the growth of wind eneergy projects. Called the Arkansas Wind Energy Development Act, it would set regulation for wind turbine construction, decommissioning rules and permitting processes. Senate Bill 437 would also require wind developers to also carry out environmental impact assessments and …
** Goldman Sachs Group Inc. cut its oil price forecasts, as tariffs reduce the outlook for US growth while OPEC and its allies boost output. The move follows a drop in crude prices from this year’s high in January on plentiful supply, a weak demand outlook from top importer China and an escalating international trade …
Some retirements in one of Oklahoma’s main wind energy companies, NextEra Energy, Inc. were announced. The company’s president and chief executive officer, Rebecca Kukawa plans to retire May 22 as part of a planned leadership succession process. Brian Bolster, currently executive vice president and chief financial officer (CFO) of NextEra Energy, will succeed Ms. …
** Michigan pipeline activists raise conflict of interest concerns over Enbridge’s pick of a major Trump donor to replace Line 5 in the Straits of Mackinac. ** Closing arguments were scheduled Monday in a $300 million defamation lawsuit against Greenpeace over the nonprofit’s alleged role in attempting to derail construction on the Dakota Access pipeline. …
** Chevron is advancing plans to tap into data center power demand, with the oil major recently entering the permitting and engineering phases for multiple U.S. sites to develop the centers and the electricity to supply them, a company executive told Reuters this week. ** The rapid development of AI data centers is intensifying concerns …
Mother Nature and the possible stormy winds she will bring to Oklahoma on Friday have forced a rescheduling of the latest Oklahoma Broadband Office expansion project. The office announced the official launch of projects in Lindsay planned for Friday was reset to Friday, March 28. Expected high winds were blamed for the new …
