A ribbon cutting ceremony was held this week on the Oklahoma City Community College campus marking the official opening of the college’s electric car charging station. OCCC’s mission is ‘Student success, community enrichment,’” said OCCC Interim President Dr. Jeremy Thomas. “An Electric Vehicle charging station right here on our main campus – right next …
University of Arkansas gets $17.9 million grant for EV studies
A nearly $18 million federal grant has been awarded the University of Arkansas at Fayetteville to fabricate silicon carbide components used in electric vehicles. The National Science Foundation grant establishes UA as the site of a first-of-its-kind facility for the U.S. in that it will be accessible to many researchers reported the Arkansas Democrat-Gazette. …
Other energy headlines in today’s news
** U.S. Coast Guard investigators have boarded a massive cargo ship as they probe what caused the rupture of an offshore oil pipeline that sent crude washing up on Southern California beaches. ** The Board of Directors of Murphy Oil Corporation declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.125 …
Elk Range Royalties expands holdings in Permian Basin
Elk Range Royalties, LP, a Dallas company with interests in wells throughout Oklahoma’s Anadarko Basin announced it acquired nearly 2,600 acres of Permian Basin royalty interests from an undisclosed seller. The company stated that the cash flow over the last 12 months was $10.8 million and included “top operator exposure to Devon, Pioneer and …
Marathon Petroleum oil refinery continues to leak crude
Marathon Petroleum Corp. is attempting to empty a leaking oil storage tank at its oil refinery on the Texas Gulf Coast. The leak was discovered earlier this week and workers contained much of the crude in a containment dike reported Bloomberg. Click here for Bloomberg.
Transportation commits to $8 billion Oklahoma highway/bridge work
The Oklahoma Transportation Department’s Eight-Year Construction Work plan for highway improvements and work on nearly 700 bridges was approved at this week’s meeting of the State Transportation Commission. The approval covers work for Federal Fiscal Years 2022-2029 and covers $8 billion in state and federal investments in highway improvements in the state. The plan …
Mullin highlights importance of study on big streamers’ impact on rural broadband
Congressman Markwayne Mullin highlighted the need for the Federal Communications Commission to study the impact edge providers have on rural broadband networks, consumer costs, and other general consumer impacts during a House Energy and Commerce Communications and Technology Subcommittee hearing on Wednesday. Earlier this year, Mullin introduced H.R. 1650, which would create this …
Oil drops along with Oklahoma energy stocks
After hitting nearly $79 a barrel in the U.S. on Tuesday, crude oil prices on Wednesday fell nearly 2% following news of an unexpected rise in U.S. crude inventories. West Texas Intermediate crude for November delivery dropped $1.50 to $77.43 a barrel. Global benchmark Brent crude for December delivery fell$1.48 to finish the day …
Oklahoma’s gross receipts hit record high thanks to increased oil prices
Oklahoma State Treasurer Randy McDaniel reported this week that the state’s expanding economy pushed gross receipts to an all-time high as collections from the past 12 months topped $14.5 billion. Rising oil prices were a key part of it. Gross receipts for the month were also a record high totaling $1.38 billion, exceeding results …
Mineral rights scheme leads to 2nd federal indictment
A federal grand jury indicted an Oklahoma City attorney this week, making him the second person charged in a mineral rights scheme. The Oklahoman reported attorney Mitchell K. Coatney was accused of allegedly working with Justin Biggs who at the time was an employee of Continental Resources Inc. The indictments accuse the two of …
