Five weeks after electric vehicle startup Canoo, the firm that received millions in incentives from Oklahoma and Oklahoma City, announced the sale discounted shares to raise more than $52 million, and its shares are on a downhill ride. They have lost nearly half their value from more than a month ago. When Canoo announced …
Whenever Ovintiv drills in Kingfisher County—it scores big
Credit Ovintiv USA Inc. with another big STACK play score—3 wells on a single pad with combined production of more than 5,500 barrels of oil a day. Five-thousand and 14 barrels a day to be exact. The Kingfisher county wells were completed in October of last year and Ovintiv just filed completion reports this …
Crude fell to lowest prices in a year while OK energy stocks were battered
Not only did crude oil prices take a $5 a barrel plunge in Wednesday’s trading, but Oklahoma energy stocks suffered too, with some falling 8, 9 and 10% value for the day. Crude prices fell to their lowest level in ore than a year all because of the unease that swelled over Credit Suisse …
Crude oil in storage at Cushing declined in past week
While the government reported U.S. crude oil exports set a record of 3.6 million barrels a day in 2022, the amount of crude oil stored at the Cushing Hub in northern Oklahoma dropped in the past week. Cushing experienced a nearly 2% decline as the amount of crude in storage was 37.9 million barrels …
New Mexico gets another wind tower plant
While Siemens Gamesa Renewable Energy came out of an economic “hibernation” this week with plans to reopen wind turbine plants in Hutchinson, Kansas and Fort Madison, Iowa, a Texas company announced plans to locate a wind-tower plant in New Mexico. Perhaps another sign of a resurgence in the wind industry. Arcosa Inc. announced its …
AG asks for investigative audit of Oklahoma Turnpike Authority
One thing is clear about Oklahoma’s new Attorney General Gentner Drummond—-he’s not wasting time focusing on trouble spots he thinks exist in Oklahoma government. On Wednesday, he announced he requested state Auditor and Inspector Cindy Byrd carry out an investigative audit of the Oklahoma Turnpike Authority, largely because of the swirling allegations around …
Gas station association leader supports legislation to fix “broken EV charging marketplace”
The head of the state gas association says a bill proposed in the Oklahoma legislature should be passed to ensure utilities don’t pass EV charger costs along to customers. Writing in The Oklahoman this week, Candace McGinnis, executive director of the Oklahoma Petroleum Marketers & Convenience Store Association said the legislation by Sen. Chuck …
Nebraska landfill receives contaminated soil from Keystone Pipeline spill
Thousands of tons of contaminated soil from the Keystone Pipeline spill in northern Kansas are headed to a landfill in Nebraska. Waste Management will handle the transfer of 48,000 tons of soil to the Pheasant Point Landfill in Bennington, a city just north of Omaha and just 149 miles from where thousands of barrels …
Oklahoma hit by EPA’s “Good Neighbor” rule
Oklahoma and 22 other states fell under a final new EPA rule requiring industrial facilities and power plants to cut their smog-forming nitrogen oxide emissions. The “Good Neighbor” plan issued by the Environmental Protection Agency is expected to ensure Oklahoma and the other states curb NOx emissions that pollute across state lines and …
Energy briefs
** Ohio has filed a lawsuit against railroad Norfolk Southern to make sure it pays for the cleanup and environmental damage caused by a fiery train derailment on the Ohio-Pennsylvania border last month. ** The U.S. Environmental Protection Agency on Wednesday finalized a rule to require industrial facilities and power plants in 23 states to …
