After getting a U.S. Supreme Court ruling that overturned a government agency’s rejection of the proposed 88-mile Uinta Railroad designed to carry oil from Utah and across Colorado and into Oklahoma and points beyond, the developers now are asking for $2.4 billion in federal bonds. The funding would go toward the total cost of …
EPA helps fund new water tower for Seminole
Under DROGE, the Environmental Protection Agency has experienced some targeting for fraud and misspending, but the agency recently came through with more than $4 million for the construction of a new water tower in Seminole. The EPA Region 6 office recently notified Seminole of the awarding of $4,351,281 in funding requested by Congresswoman …
Mach Natural Resources relies on experience of leadership
One thing leaps out when you take a look at the leadership of Mach Natural Resources, an energy firm headquartered in Oklahoma City. The eight leaders share extensive experience with the firm formerly known as Chesapeake Energy, SandRidge Energy and Tapstone. Seven executive officers worked for SandRidge Energy while four others were employed at …
Energy briefs
** U.S. and Chinese officials said they had agreed on a framework to put their trade truce back on track and remove China’s export restrictions on rare earths while offering little sign of a durable resolution to longstanding trade differences. ** A new lawsuit filed against Subaru and Toyota claims that the two automakers’ jointly developed electric …
Changes made on campaign money for energy regulators
When it comes to the election of Oklahoma Corporation Commissioners or the legislators who propose the bills affecting utilities, roads and other energy-related matters, it’s campaign donations and money that helps put them in office. But changes have been made about the rules and regulations controlling the contributions as well as what lobbyists spend …
Xcel energy’s transmission project faces opposition in eastern Colorado
Just as Oklahoma pushed back and managed to stop a major transmission line across the northern part of the state earlier this year, a proposed 550 mile transmission line in eastern Colorado is facing the same kind of opposition. Residents are fighting the Xcel Energy project and expressed their opposition in Elbert County where …
Nation’s largest electric grid is under fire from member states
Some of the leaders of some states in the northeastern part of the nation are so angry with the operation of their 13-state grid, known as PJM, they have sued the little-known nonprofit organization. What’s behind the lawsuits and the growing resentment? Mostly soaring utility bills. They blame PJM for making poor decisions resulting …
Supreme Court challenges of Commissioner Hiett are adding up
A few weeks after the Oklahoma Supreme Court consolidated several of the legal challenges filed by three Republican Representatives against Corporation Commissioner Todd Hiett, another lawsuit has been added to the fray. Reps. Tom Gann, Kevin West and Rick West revealed in a recent case filed with the Supreme Court they are not letting …
Crude oil prices slip while trade talks continue between US and China
Crude oil prices experienced a small slide on Tuesday as investors and analysts awaited the outcome of ongoing trade talks between the U.S. and China. Prices for the most part held close to their seven-week high while the talks in London continued for a second day. They settled Monday at their highest since April….Brent …
EIA is out with dismal oil and gas prediction
Just as we’ve been reporting to you about declining rig counts across the U.S. and in Oklahoma, now comes a prediction from the U.S. Energy Information Administration of falling oil prices and lower rig counts. It means more stacked oil drilling rigs and oil prices of $60 or lower. The EIA came out …