The state released general revenue fund collections for January showing a slowdown at the 7-month mark of the fiscal year. But they still could be on target for a record high by the end of the year. General Revenue Fund collections in January totaled $903.7 million, which is $107.1 million, or 13.4%, above the …
Unexplained—wind turbine tower found leaning in Illinois farm field
First we had wind turbines that came crashing to the ground in northern Oklahoma and other sites across the world. Now there’s the case of a 400-foot tall wind turbine in Illinois that started leaning at an obvious angle. RWE Renewables Americas LLC, based in Austin, Texas is investigating to learn why its tower …
Crews remain at site of Keystone pipeline leak in Kansas
Cleanup crews remain at the site of the Keystone pipeline rupture in Kansas two months after 55,000 barrels of oil spilled into a creek. NPR affiliate, KMUW reports about 4 miles of the Mill Creek remain closed while workers pull oil-covered ice and water from the creek near the city of Washington. Click here …
Enverus data shows nationwide loss of oil and gas rigs
The latest Enverus rig report showed a decline in the Anadarko Basin, contributing to the loss of at least 10 rigs nationwide in the past week. The U.S. count fell by 10 to 843 during the week ended Feb. 15 according to Enverus Foundations data. The count is down 4% last month and up …
ALLETE reports improved income but issues with its Oklahoma wind farm sites
Wind farm operator ALLETE, Inc. based in Minnesota and with operations in Oklahoma, reported improved earnings per share as well as net income in 2022. But its wind farm subsidiary also had issues with the Southwest Power Pool and its Oklahoma wind farm operations. The firm said total 2022 earnings were $3.38 per share …
BP takes over Travel Centers of America truck stops
The TravelCenters of America located in Oklahoma, 2 in Oklahoma City and one in Sayre, will soon be under new ownership following a $1.3 billion acquisition by BP. BP and TravelCenters of America reached agreement in which BP will acquire all of the outstanding shares of TA common stock for $86 a share in …
Hamm to be honored at Energy Workforce conference in Austin
Oilman Harold Hamm will be honored at the April annual meeting of the Energy Workforce and Technology Council to be held in Austin, Texas. Hamm will receive the Platinum Award given for outstanding leadership in the oil and gas industry. Energy Workforce plans to celebrate Hamm’s dedication to the industry as well as his …
Devon—it’s all about commitment to shareholders
With historic cash flow reported in the 4th quarter for Oklahoma City’s Devon Energy, one thing is clear…the company’s commitment to its shareholders. It was repeated during this week’s conference call by Rick Muncrief, President and CEO who addressed investors and reporters. ‘I want to be clear that there’s no change to our disciplined …
Cushing sees added crude oil in storage
The growing supply of crude oil in the U.S. was reflected again in the past week as supplies made a slow gain at the Cushing hub in Oklahoma. The U.S. Energy Information Administration reported that as of Feb. 14, Cushing’s total crude oil storage amounted to 39.7 million barrels, a gain of 800,000 barrels …
Electricity deregulation fight is underway in Oklahoma
If Edmond State Rep. Ryan Martinez thought his bill designed to give choice and competition in Oklahoma’s electricity market would be quickly approved in the legislature, he’s run into some opposition from one of the more powerful utilities in the state, not to mention from an electricity promoting group. In other words, the deregulation …
