The federal trial of two men accused of scamming investors in a wind-farm scheme got underway this week in Fayetteville, Arkansas. Jody Douglas Davis and Phillips Vincent Ridings were hit with the charges 3 years ago and charged with defrauding six investors in the wind farm that was supposed to be built near Elm …
PSO starts statewide streetlight initiative
Public Service Company of Oklahoma is beginning a physical inventory of streets in all 232 cities and towns it serves as the utility prepares for new and innovative lighting systems. The data collection firm, VentureSum will carry out the inventory and the process is expected to be finished by the end of the year …
Government report claims Keystone XL pipeline had many problems
The Keystone XL pipeline that was supposed to bring more oil to Cushing and through Oklahoma had multiple problems with construction, manufacture and design according to a report by the Government Accountability Office. Months after President Biden revoked the permit for the pipeline, leaders of several House Democratic committees released the report according to …
High temps could result in record electricity demand in Texas
Record high temperatures this week in Texas could result in record high electricity demand as homeowners and others turn up their air conditioners to keep cool. The Texas power grid operator issued a forecast this week according to Reuters. Click here for Reuters.
Retirement for good this time by Williams senior officer
The senior vice president and chief financial officer at Williams says he’s retiring for good this time. John Chandler announced his intention to retire from the Tulsa company at the end of March 2022. Chandler has been the CFO since September 2017 and oversees all financial aspects of the company. He previously was the …
After 7 days of losses, crude oil jumped 5% on Monday
It took a week before crude oil prices finally managed a rebound on Monday, rising more than 5% thanks to a weaker dollar. In the states, West Texas Intermediate crude for October delivery jumped $3.50 or 5.6% to finish the day at $65.64 a barrel. Global benchmark Brent crude shot up $3.57 or 5.5% …
Michelin honored for Murray State College educational efforts
The efforts by Michelin to develop a stronger higher education learning environment in Oklahoma have been honored by the Oklahoma State Regents for Higher Education. Michelin’s collaboration with Murray State College was recently honored with a Regents’ Business Partnership Excellence Award reported the Ardmoreite. Michelin developed the cooperative effort with its local tire manufacturing …
Decline reported in associated gas produced in 5 major shale plays
The U.S. Energy Information Administration reports the annual production of natural gas from oil wells declined in the Anadarko Basin and four other major crude oil producing regions last year. It was the first such drop since 2016. The EIA reported the share of associated gas in the Anadarko, Permian, Bakken, Eagle Ford and …
Petroleum storage tank meeting scheduled by OCC
Staff at the Oklahoma Corporation Commission’s Petroleum Storage Tank Division move ahead with discussions on rule changes. The division plans another informal discussion with industry representatives on Thursday, Aug. 26 at 10 a.m. It will be an in-person meeting in Commission Courtroom 301 at the Jim Thorpe Office building in the state capitol complex. …
Gasoline prices at the pump fall with sliding oil prices
The nearly $5 a barrel slide in crude oil prices over the past week, until prices rebounded on Monday, led to a fall in nationwide gasoline prices. Oklahoma prices slipped one cent in the past week to settle at $2.86 per gallon regular gasoline. Prices at the pump were their lowest in three months …