SandRidge Energy reported a major jump in adjusted earnings of $21.7 million in the first quarter 2021 compared to $9.1 million in the previous quarter. The company also saw improved net cash by $48.2 million to a net cash position of $56.5 million compared to a net cash position of $8.3 million …
ALLETE’s CEO named board chair
The board of directors of ALLETE Inc., the Duluth, Minnesota energy firm with wind farms in southern and western Oklahoma picked company President and CEO Bethany M. Owen to be chair of the board. The move was effective Tuesday of this week. Owen has served as ALLETE’s president since 2019 and chief executive officer …
Two solar farms coming to Southeast Kansas
Work is underway on the construction of two solar farms near Girard in Southeast Kansas and once they’re up and running, they will provided enough electrical power for 80,000 homes. KSN reported that Heartland Rural Electric Cooperative partnered with the Greenbush Education Service Center and Today’s Power Incorporated to help give renewable energy …
KCI airport now powered 100% by wind energy
A wind farm in southwest Kansas is now providing 100% of the electricity to power the Kansas City International Airport. The electrical power comes from the Cimarron Bend wind farm in Clark County where Ashland is the largest city. KSHB 41 also reported that in addition to the municipally owned airport, KCMO said …
Energy news in brief
** Panic buying drains gas stations in Alabama, Florida, Georgia, Louisiana, North Carolina, South Carolina, Tennessee and Virginia as Southeasterners react to the ongoing shutdown of the Colonial Pipeline. ** In the wake of the ransomware attack on the Colonial Pipeline, the FBI sent out an emergency alert to electric utilities across the U.S. to be on the …
Lankford pushes strengthened security against ongoing cyber attacks from Russia
The cyber attack that shut down the Colonial pipeline had the attention of Oklahoma U.S. Sen. James Lankford during a Tuesday Senate committee hearing that explored cybersecurity. He questioned government leaders and expressed his concern that they seemed to be “very focused on what happens after the fact” but Sen. Lankford wondered “are we …
Stored crude oil total drops at Cushing
The amount of crude oil stored at the Cushing storage hub in northern Oklahoma declined in the past week. The American Petroleum Institute reports that the Cushing total fell by 1.2 million barrels for the week. The API also reported that U.S. crude supplies dropped 2.5 million barrels for the week ended May 7. It …
Los Alamos lab packed prohibited metal in sparking waste drum
A government report says titanium fragments that caused a nuclear waste drum to throw off sparks at the Los Alamos National Laboratory in New Mexico should never have been packed. The fragments are also prohibited at the underground disposal site near Carlsbad. Managers at both the lab and the Waste Isolation Pilot …
EPA hands out ‘brownfields’ grants to clean contaminated sites
Two of the 151 communities receiving more than $66 million in Environmental Protection Agency ‘brownfields’ grants announced this week are in Oklahoma. The Cheyenne and Arapaho Tribes of Oklahoma received a $300,000 grant to clean up a site on the Concho School property. Oklahoma City was the other recipient and will use its $300,000 …
WTI settles above $65 a barrel
Crude oil prices managed another gain in the second day of trading this week but Oklahoma energy stocks didn’t follow the same path. West Texas Intermediate crude for June delivery went up 36 cents to $65.28 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude for July delivery rose …