Sound but moderating. It’s the picture of Oklahoma’s economy described by State Treasurer Todd Russ as he announced that total gross receipts in 2022 to the treasurer rose to a new high. Oil and natural gas production helped with the increase. The Treasurer’s Office reported gross production tax collections for the year produced $2.02 …
First there was the $80 million fourth quarter loss reported recently by electric vehicle maker Canoo, the firm with plans for manufacturing plants in Pryor and Oklahoma City. Now there is a report that Canoo missed a key deadline and with it up to $10 million in state incentives from Oklahoma over the company’s …
The $2.47 billion renewable energy plan proposed by Public Service Company didn’t go through the regulatory process as smoothly as some expected. It ran into opposition. However, an apparent settlement stipulation has been reached by some of the groups that opposed the utility’s request for cost recovery approval from the Corporation Commission. A Thursday …
The governor’s hand-picked director of the Oklahoma Broadband Office will be paid $180,000 a year according to a report published by NonDoc. The online news service reported the governing board of the Office voted recently to offer Mike Sanders the $180,000 even though the salary range extended up to $205,000. Sanders will officially assume …
Mixed crude prices were recorded Wednesday with US crude falling and Brent making a slight gain. All the while, Oklahoma energy stocks performed solidly with modest gains. Signs of economic softness against the U.S. stock draw-down led to the mix of crude prices. West Texas Intermediate crude dropped 0.12% to close at $80.61 a …
Oklahoma U.S. Sen. Markwayne Mulling launched his first statewide tour of the state this week as Oklahoma’s freshman senator who replaced Jim Inhofe last fall. Mullin traveled to Guymon and Boise City in the Panhandle. He began his inaugural trip alongside Guymon mayor Kim Peterson, visiting with local residents and city officials at a …
Rising crude oil prices that came about following the production cut decision by OPEC+ has resulted in more crude oil being transported out of the Cushing hub in Oklahoma. The U.S. Energy Information Administration reported Wednesday that Cushing’s total amount in storage had slipped 1 million barrels in the week’s period from March 24 …
West Texas Intermediate crude oil pricing has been added to mix of crude oil grades that make up Dated Brent prices. The announcement, according to the U.S. Energy Information Administration came this week. Declining production of the five North Sea crude oil grades in the Dated Brent benchmark has prompted the price reporting agency …
In a split decision, the Oklahoma Supreme Court ruled against the Oklahoma Corporation Commission in a case involving OG&E’s power into the service territory of CKenergy Electric Cooperative, Inc. The ruling came on a 5-3 decision with one justice disqualifying himself over the 2018 decision of the Corporation Commission to stop OG&E from extending …
Oklahoma Congressman Kevin Hern made another call this week for the Biden administration to remove burdensome roadblocks to expand America’s energy independence. In a column released by Rep. Hern, he said the permitting process is the first step. “In order to compete with a fast-paced world, we cannot let pointless bureaucracy slow us down,” …
