Two bipartisan bills were approved by the House Science, Space, and Technology Committee led by Oklahoma Republican Rep. Frank Lucas who praised the action. Joining him in commenting after passage was Ranking Member Zoe Lofgren, a California Democrat. Passed by the committee were the H.R. 290, the Commercial Remote Sensing Amendment Act and H.R. 342, the …
Canadian firm drills geothermal well in New Mexico
While University of Oklahoma scientists carry out geothermal tests near Tuttle, a Canadian firm recently drilled an 18,000 foot well bore in southwest New Mexico to do the same. The well drilled by Eavor Inc. turned out to be the deepest hole ever drilled in New Mexico in a move to tap geothermal …
Corporation Commission to consider regulator’s questions about utility bills
When Oklahoma Corporation Commissioners hold a special meeting on Wednesday, they’ll be asked again to take up Commissioner Bob Anthony’s repeated questions about utility costs that have lead to increased consumer bills. The agenda for the 1:30 p.m. meeting includes the same questions Commissioner Anthony attempted to have answered at last week’s fuel cost …
Helmerich and Payne sees improved earnings and growth
Tulsa’s Helmerich & Payne reported first quarter earnings of $97 million or 91 cents a diluted share from operating revenues of $720 million, increase from the $46 million and 42 cents a diluted share from the quarter ended Sept. 30, 2022. The firm’s moving ahead with growing operations in the Middle East, Argentina and …
Headlines
** Exxon Mobil Corp. reported $56 billion in profit for 2022, smashing a company record set in 2008 when the company reported net earnings of $45.2 billion. For the fourth quarter of 2022, the oil major reported a profit of $14 billion excluding charges. ** Political debate grows over the dead whales washing ashore in …
Crude oil fell 2% and took OK energy stocks down too on Monday
Crude oil prices dropped 2% in Monday’s trading and analysts blamed the losses on likely hikes in interest rates by major central banks. Oklahoma energy stocks tumbled as well. The Fed meets Wednesday and investors believe rates will go up by 25 basis points. West Texas Intermediate crude dropped $1.78 a barrel or 2.23% …
Commissioner has pointed questions for ONG
Oklahoma Corporation Commissioner Bob Anthony contends that if a public utility cannot properly and adequately justify its fuel costs, it should not be eligible for full recovery from ratepayers. Yet that belief and Anthony’s questions were apparently ignored last week when an Administrative Law Judge held a prudency hearing for Oklahoma Natural Gas and …
Canadian pipe manufacturer acquires plant in Enid
Canadian-based Bri-Steel Manufacturing announced recently an expansion of operations to Enid, Oklahoma. Considered to be a leading North American manufacturer of large diameter seamless steel pipe, the company said it would build its second North American Thermal Pipe Expansion mill in the northern Oklahoma city Bri-Steel acquired the former GEFCO facility in Enid, a …
New Mexico legislature asked to end oil and gas production by 2034
An end to oil and gas drilling in 11 years? It’s what more than 50 Indigenous, environmental and social justice groups want to happen in New Mexico. They called on Gov. Michelle Lujan Grisham at the start of the 2023 legislative session, to promote science-based climate legislation to phase out oil and gas production by …
Did renewable energy fail or succeed in recent U.S. winter storm?
A report suggests that perhaps renewable energy did better than expected last month when Winter Storm Elliott brought extreme cold weather, winds and storm to a large part of the nation. While some reports said the nation’s renewable energy sources failed and resulted in rolling blackouts, others indicated they exceeded expectations reported the …
