** The company behind last month’s southern California oil spill is facing a U.S. Justice Department probe, seven other investigations, and at least 14 lawsuits; financial filings suggest it may not be able to cover cleanup costs. ** Rivian shares continued to soar Monday, putting the stock more than 85% above its IPO price. It hasn’t even been …
AARP opposes regulatory recommendations for utility rate hikes
The AARP in Oklahoma is objecting to recent recommendations by regulatory judges in support of a $172 million rate hike for Public Service Company of Oklahoma and a move by OG&E to pass along $739 million in winter fuel costs to consumers. The organization says both actions, if eventually approved by Oklahoma Corporation …
EV maker Canoo expands operations in Oklahoma and Arkansas
Electric vehicle manufacturer Canoo, the company that plans to locate a manufacturing plant in Pryor, Oklahoma made a series of announcements this week for expanded services in the region and in northwest Arkansas. It’s also moving headquarters from North Texas to Wal-mart’s backyard. The firm said it will expand its Oklahoma partnership to include …
Mammoth Energy continues with payment demand to FEMA
Mammoth Energy Services made another case this week for the U.S. government and Puerto Rico to pay the firm more than $328 million still owed for electrical restoration work following the 2017 Hurricane Maria. The Oklahoma City company released quotes from a former FEMA official whose statements about FEMA funding supported payments that should …
EIA predicts solar electricity generation to be 20% by 2050
Source: U.S. Energy Information Administration, Monthly Energy Review, Electric Power Annual, Short-Term Energy Outlook, and Annual Energy Outlook The federal government says while only 3% of electricity in 2020 was generated by solar power, it predicts the amount will be up to 20% by 2050. The U.S. Energy Information Administration released its Electric Power Annual report solar power accounted for 3% …
Ending the supply chain crisis–OK Rep. Lucas
Oklahoma Congressman Frank Lucas says it’s time to do something about the nation’s supply chain crisis. He joined recently in the introduction of the Truckers Responding at National Shipping Ports Overcoming Retail Turmoil Act. Congressman Tracey Mann of Kansas sponsored the TRANSPORT Act which would require the Secretary of Transportation to relieve congested ports …
Increasing risk of earthquakes from New Mexico’s oil and gas operations
Action taken by the Texas Railroad Commission regarding the growing number of West Texas earthquakes believed caused by injection well activity has the attention of officials in New Mexico too. The Commission first responded when several magnitude 4 and 5 quakes were recorded around Midland and restrictions were put into effect. Later in October, …
Spire STL hopes to win FERC approval
While the St. Louis-based Spire STL Pipeline has gone to FERC hoping to avoid a complete shutdown of its 65-mile pipeline, the company is accused by an environmental group of making “false and defamatory” claims against it. Spire asked the Federal Energy Regulatory Commission on Friday to reissue a certificate of operation that a federal …
Rep. Cole complains of Thanksgiving tax from Biden
Oklahoma Congressman Tom Cole complained this week of the dramatic rise of prices from filling up at the gas pump and heating homes to the cost of groceries. He calls it Biden’s Thanksgiving Tax and predicts things will get worse, according to economic reports. ” Both the staggering 31-year high of the consumer price index and …
Anadarko’s new well production expected to drop in December
New-well oil production in the Anadarko Basin of Oklahoma and the Texas Panhandle is expected to take a hit in December according to a report from the U.S. Energy Information Administration. In a newly-released report this week, the EIA said the average new-well oil production in November was 845 barrels a day and it …
