The federal government has ordered a temporary halt to rail shipments of contaminated waste from the Ohio train derailment site to Texas after officials complained they were not warned about receiving the waste. Federal authorities paused the shipments Saturday out of East Palestine, Ohio reported The Hill. The Associated Press also reported Region 5 administrator …
Rail merger decision expected soon from government
The Biden administration is set to come to a decision soon over the possible rail merger of Kansas City Southern, a railroad that travels through Eastern Oklahoma, with Canadian Pacific railway. The Surface Transportation Board is set to come up with its final decision on the $27 billion merger, which if approved, would give …
Energy quick reads
** U.S. power plant emissions of pollutants that harm human health and warm the planet fell last year as the industry continued a switch from coal to natural gas, the Environmental Protection Agency said on Friday. ** A federal judge has sided again with the Biden administration and a Canadian-based mining company in a high-stakes …
Report shows Oklahoma wind power grew in 2022 but solar power was another matter
A new national report on wind and solar power generated in the U.S. showed Oklahoma ranked second nationally for new wind power added in 2022, but its solar generation was stagnant. The report by Climate Central shows national wind and solar capacity grew 16% last year compared to 2021. Getting political about it, Climate Central …
Canoo’s shares need a recharging
The value of shares in EV maker Canoo, the firm that won $1 million in help from Oklahoma City to locate a plant there and a $15 million promise in aid from the state, has dropped nearly 39% since the firm announced the sale of 50 million discounted shares earlier in the month. As …
Improved quarterly finances for Mammoth Energy
Mammoth Energy Services saw an 80% jump in its fourth quarter revenue, shooting up to $102.9 million from $57.2 million recorded a year earlier. It also managed a turnaround from a loss of net income in 2021. For the year, the Oklahoma City-based company saw total revenue of $362.1 million, a gain of 58% …
ONE Gas sets date for annual shareholders meeting
The annual meeting of shareholders of ONE Gas, Inc. has been set for Thursday, May 25. The company said the 2023 meeting will begin at 9 a.m. Central Daylight Time and be audio webcast at the ONE Gas website, www.onegas.com. The record date for determining shareholders entitled to receive notice of the meeting and …
Critical questions of utilities’ fuel costs raised again by Corporation Commissioner Anthony
Oklahoma Corporation Commissioner Bob Anthony is raising more questions about the 2021 fuel costs of Oklahoma Natural Gas (ONG), Oklahoma Gas & Electric, and Public Service Company of Oklahoma (PSO). While he has yet to get the support of fellow commissioners Todd Hiett and Kim David in his challenge of the costs, Anthony made a new filing in the …
Ovintiv adds to Canadian County wells
Ovintiv added two more wells to two single-pad sites in Canadian County making combined oil production on the Divide Clark wells to be more than 2,400 barrels a day. The fourth well, the Divide Clark 1406 5h-21xx, drilled on the same pad at 16 14N 6W , a site about 9 miles southeast of …
Oklahoma energy stocks rose with crude oil price gains
Crude oil prices rose again on Friday for a second day of gains and Oklahoma energy stocks had an equally strong day. Oil prices had a strong 1% gain due to growing prospects of lower Russian imports. The day’s trading saw West Texas Intermediate crude for April delivery, gain 93 cents or 1.2% to …
