Panasonic’s $4 billion plant near Kansas City has yet to be completed and the company announced a major battery deal with Lucid Motors. The plant is the one that Oklahoma hoped to land earlier in 2022 but failed and now Panasonic is pushing ahead with contracts. The Kansas City Business Journal reported the new …
OKC to decide on $1 million incentive to EV maker Canoo
The pitch by EV manufacturer Canoo for a $1 million economic development incentive from Oklahoma City will be voted on Tuesday by the City Council. The incentive is part of Canoo’s announcement in November that it intended to locate at a former Terex manufacturing plant at 9528 W. Interstate 40 Service Road in west …
Devon’s 8 wells on 2 pads produced 6,500 barrels of oil a day
The STACK proved to be a winner for Devon Energy as the company filed recent completion reports on 8 wells drilled in adjoining sections with a combined production of more than 6,500 barrels of oil a day. Five of the wells were on a single pad and three others on a single pad. The …
Keystone pipeline cleanup created small town in Kansas
The 14,000 barrel spill of crude oil from the Keystone Pipeline near Washington, Kansas boosted the population from 1,000 to nearly 1,400. Reuters reported nearly 400 workers were brought in to continue with the massive cleanup of the oil that was meant to be transported to the Cushing Hub in northern Oklahoma. Click here …
Colorado’s new rules might result in higher natural gas costs
New rules that apply to gas utility companies in Colorado could mean higher costs for heating and cooking in the state. The rules were adopted Dec. 1 by the Colorado Public Utilities Commission and intended to reduce greenhouse gas emissions. They might also put a limit on natural gas line expansion reported the Colorado …
State senator says eminent domain has been abused and he wants the law reformed
Oklahoma State Sen. Nathan Dahm plans to target Oklahoma’s eminent domain law in the approaching legislative session. In an announcement, the Broken Arrow Senator said he is looking to reform the law because he contends it has been abused by governments. The bill he plans to introduce Senate Bill 41 which would create a …
Oklahoma oil and gas taxes helped increase November general revenue fund
Oklahoma General Revenue Fund collections in November totaled $602.6 million, which is $60.9 million, or 11.2%, above the monthly estimate. This is $1.9 million, or 0.3%, above collections in November 2021. Total GRF collections for the first five months of fiscal year 2023 are $3.5 billion, which is $683.2 million, or 24.4%, above the …
Missouri’s new cash crop—renewable energy?
The head of an organization promoting renewable energy says Missouri cooperatives fighting such investments are wrong. James Owen is executive director of Renew Missouri and wrote in the Springfield News-Leader that renewable energy could become Missouri’s new reliable cash crop. Click here for Springfield News-Leader
Investigators probe link of oil industry to West Texas earthquakes
Investigators for the Texas Railroad Commission spent the weekend probing the most recent large quake that shook the Permian Basin. Their job is to determine whether wastewater disposal wells used in the oil and gas drilling in the Basin might have been the cause of at least two recent strong quakes. The latest measured …
Energy headlines
** ERCOT on Friday notified power generators in Texas that they need to be online and ready to provide power during an expected wave of cold air that could drop overnight temperatures into the 20s late next week. ** CubicPV Inc., a startup backed by Bill Gates, plans to construct a $1 billion silicon wafer factory for solar panels in …
