August hasn’t been the kindest of months to the city of Ardmore in southern Oklahoma. First there was the announcement by Australian-based Woodside Energy it had canceled plans for a major hyrogen energy plant. Then this week, AAF Flanders announced it is closing its Ardmore operations. American Air Filter is a subsidiary of …
Manufacturing activity “unchanged” in Oklahoma and other Federal Reserve Bank states
The Federal Reserve Bank of Kansas City released the August Manufacturing Survey showing things didn’t change much in Oklahoma and the other 7 states or parts of them that make up the Tenth District. Cortney Cowley, assistant vice president and Oklahoma City Branch executive said expectations for future activity remained expansionary. “Regional …
What Crescent Energy’s acquisition of Vital Energy will mean
Crescent Energy’s acquistion of Tulsa-based Vital Energy this week created a company with a combined value of $9 billion. The $3.1 billion all-stock deal was announced Sunday as Cresent, based in Houston, Texas, will expand operations and holdings in the Permian Basin and other areas of the country. “The combined company will …
Regulators proceed with nuclear power study but complain legislature didn’t provide funding
Oklahoma Corporation Commissioners went along Wednesday with a state law requiring they take a look into the prospects of nuclear power in Oklahoma. But they did so with a complaint that the legislature did not provide any additional funding to carry out the mandate. “I think we should note for the record that not …
Energy briefs
** The Transportation Security Administration announced the implementation of the One Stop Security Congressionally authorized pilot, which will drastically simplify international travel for passengers flying to the United States. One Stop Security enables passengers arriving in the U.S. from certain foreign airports with connecting flights to be exempt from rescreening by TSA. ** Wyoming has passed Texas …
Google has a plan to keep its data centers from stressing the grid
While Oklahoma and other states deal with the impact of new data centers, they also are focused on the impact of the centers on the ability to produce more electricity. Google, which recently announced plans to invest $9 billion in Oklahoma where it has one data center in Pryor and another under construction in …
Harold Hamm keeps it in the family as he names his daughter to a new leadership role
Another executive change at Continental Resources in Oklahoma City but it’s a move to keep it all in the family for founder Harold Hamm. As Hamm is stepping into the role of chairman emeritus, his daughter, Shelly Lambertz has taken over as executive board chair at the energy company. Lambertz has been with …
Crude oil prices and OK energy stocks gained on Wednesday
Crude oil stocks across the U.S. dropped higher than analysts predicted and it led to a more than 1% jump in crude oil prices on Wednesday. At the same time, the drop in U.S. crude inventories came as investors considered the potential impact from new U.S. tariffs on India because of its purchases of …
Cushing and US crude stocks dropped in recent reporting period
Crude oil supplies held at Oklahoma’s Cushing Hub fell 900,000 barrels this month, according to the U.S. Energy Information Administration. The decline was from 420.7 million for the week ending August 15 to 418.3 million barrels the week ending August 22. The drop was even greater when compared to a year ago when the …
Eastern Oklahoma solar farms to help Google but also face some opposition
A company with Canadian connections is in the process of attempting to build three solar farms in eastern Oklahoma’s Mayes County near the town of Pryor Creek and their goal is to be supportive power sources of Google’s data center at Pryor. It was in January when Leeward Renewable Energy (LRE) formally announced over …
