A bill before the Oklahoma legislature would unitize wind and solar farm leases much the way unitization is implemented for oil and gas production. It might result in changes to the way Oklahoma landowners are paid for such renewable energy leases. SB770 was filed by Oklahoma City Democratic Sen. Carri Hicks and if approved, …
Basket of broadband expansion bills to be handled by Oklahoma legislators
The effort to expand broadband service in Oklahoma has the attention of state legislators as they are set to consider at least 10 bills directly related to broadband expansion in the state. The bills include HB1965 filed by Rep. Carl Newton of Cherokee. His bill would allow existing electric provider easements to also be …
Money-raising effort by Canoo results in dropping share prices
An announcement by electric vehicle startup Canoo, the company with a plant in Pryor and plans for another in Oklahoma City, that it agreed to sell discounted shares to raise $52.5 million sent shares sharply lower on Monday and again on Tuesday. Prices closed at $1.09 on Monday, down more than 12%. This was …
Colorado Governor to state agencies—do something about high utility bills
The same soaring prices for natural gas and fuels that resulted in challenging utility bills in Oklahoma prompted one governor to order a state agency to do something about it. While those same increased bills and assistance were not mentioned in Oklahoma Governor Kevin Stitt’s State of the State Address on Monday, Colorado Gov. …
Federal highway grant to help reduce traffic fatalities in OKC
With the help of a new $800,000 grant from the U.S. Department of Transportation, Oklahoma City will focus on the reduction of fatalities on city streets. KOKH Fox 25 News reports the grant is part of the DOT’s bipartisan safe streets and roads for all program. Click here for Fox 25 News
Rep. Lucas acts to stop new WOTUS rule
Oklahoma congressman Frank Lucas has put his opposition to new WOTUS rules into action by introducing a joint resolution of disapproval under the Congressional Review Act (CRA) on the Biden Administration’s “Waters of the United States” (WOTUS) rule. The western Oklahoma farmer and rancher joined other leaders in the House this week in taking the …
NOG announced increased dividend despite impact of December severe weather
Despite severe weather problems in the fourth quarter, Northern Oil and Gas, Inc. announced a cash dividend in the amount of 34 cents per share, a 13% increase from the previous quarter. The increased dividend will be payable on April 28. At the same time, company management indicated it will submit a recommendation to …
Headlines
** California Governor Gavin Newsom called for federal energy regulators to investigate a recent hike in natural gas prices that has resulted in sky-high utility bills. Newsom, a Democrat, asked the Federal Energy Regulatory Commission in a letter to look into whether market manipulation, anticompetitive behavior or other activities have driven up the cost of …
Governor calls for diversification of Oklahoma’s energy grid
In his State of the State address Monday to the Oklahoma legislature, Gov. Kevin Stitt spoke of protecting Oklahomans and promoting freedoms and for more steps to promote excellence in education. He touched on energy a few times in his speech to the 59th Legislature. At one point, the governor said, “Let’s continue to …
Major sinkhole found on Tulsa street
Talk about a giant pothole! It’s what drivers encountered in Tulsa on Monday morning when a major sinkhole developed in the southbound lanes of Riverside. It was near the 21st Street intersection, according to police. The sinkhole developed along the street and some vehicles were damaged. City officials say they began working on learning …