Arkansas EV manufacturer Envirotech Vehicles Inc. sees a brighter future in Texas, not Arkansas. The company announced this week it is moving headquarters and operations from Osceola in far eastern Arkansas to Houston, Texas where it finds more business advantages. But it will keep the 580,000 square foot manufaturing facility in Osceola. In Houston, …
Sen. Lankford attacks Biden Administration in latest Federal Fumbles book
Elon Musk and Oklahoma U.S. Sen. James Lankford have something in common—-each is focused on eliminating government waste. Each is also highly critical of what the Biden administration’s green new energy plan did to the nation’s energy industry. Musk, of course, is in charge of DOGE, the Department of Government Efficiency while Sen. Lankford …
Mach’s public offering leads to expanded sales
Underwriters of a public offering of nearly 13 million shares in Mach Natural Resources LP apparently want more. The Oklahoma City energy company announced this week that the underwriters of its previously announced public offering of 12,903,226 common units representing limited partner interests in Mach have fully exercised their option to purchase an additional 1,935,483 …
Lankford supports bill to end EV tax credits
Oklahoma U.S. Sen. James Lankford was among those who supported legislation filed this week to bring an end to EV tax credits. The measure, as filed by Sen. John Barrasso of Wyoming, the Senate Majority Whip, stops taxpayer money from subsidizing luxury electric vehicle for high-income individuals and corporations. The Eliminating Lavish Incentives to Electric …
Bice offers legislation to end land sales to foreign adversaries
U.S. Rep. Stephanie Bice isn’t giving up on her efforts to do something about Chinese firms from buying U.S. farmland. This week, the Oklahoma congresswoman reintroduced the Stop China’s Continuous Purchase (CCP) of Land Act, legislation designed to safeguard American agricultural land from foreign adversaries. “Americans should own American land, not foreign adversaries,” explained …
Energy briefs
** EPA Administrator Lee Zeldin announced Wednesday that he’s found $20 billion in taxpayer money that the Biden administration “parked” at a financial institution — in an apparent effort to hide the dollars. “This scheme was the first of its kind in EPA history, and it was purposefully designed to obligate all of the money in …
Williams Cos. recorded 2024 earnings decline
Fourth quarter and 2024 earnings for Tulsa’s Williams Cos. came in lower, according to an earnings report released by the company. Williams had $2.2 billion in net income for all of its 2024 operations. While that sounds like impressive numbers, the income decreased by $1.051 billion compared to the previous year. The company explained …
Texas asks new EPA Administrator for help in carbon capture projects
Oil and gas groups along with industrial firms in Texas want some help from the new EPA administrator in approval of carbon capture projects in the state. They’re wanting the state, rather than the Environmental Protection Agency, to approve projects that might boost private investment and help develop capture technology. According to Reuters, the …
One Oklahoma wind farm operator recorded hit in revenue
ALLETE, Inc., one of the wind farm operators in Oklahoma and based in Minnesota had some of the wind taken out of its sails as it reported a drop in 2024 earnings of $3.10 per share on net income of $179.3 million. The drop was attributed to its western Oklahoma wind farm operation. It …
New executive named at Expand Energy Corps.
Oklahoma City’s Expand Energy Corporation announced an executive promotion this week reaching out internationally and naming Dan Turco as the new Executive Vice President, Marketing & Commercial, effective February 18, 2025. “With nearly two decades of experience in global upstream natural gas marketing and trading, Dan is a key addition to our team as we …