Oklahoma Congressman Tom Cole says Christmas will be just like Thanksgiving…a more expensive holiday for the second year in a row—thanks to inflation at a 40-year high. In other words, an economic lump of coal is what we can expect. Writing in a letter to his constituents, the Republican Representative from the state’s 4th …
US crude prices rose Monday while OK energy stocks suffered losses
Sparked by a rumor that OPEC+ might cut production, crude oil prices retreated from the lowest levels in about a year on Monday and rose nearly a dollar a barrel in the U.S. Oklahoma energy stocks performed poorly with 4 and 5% losses. Strict COVID-19 curbs in China, a country beset by massive protests …
Enel plans billions in liquidation but not in Oklahoma
Enel, the European-based parent company of Enel Green Power, a firm that is the third largest wind farm operator in Oklahoma confirmed it plans to sell more than $21 billion in assets to reduce its growing debt. However, the intended liquidation did not involve any of its Oklahoma holdings. The company, based in Italy, …
Dallas firm to expand natural gas operations near Chickasha
Dallas-based Iron Horse Midstream announced it plans to construct a new 200 million cubic feet per day natural gas cryogenic processing plant near Chickasha, Oklahoma. The company already has an existing 120-acre complex in Grady County and the new plant will be operational in late 2023. It will increase Iron Horse’s total natural gas …
Lawsuit blames company over 2021 death of welder in Minco
A lawsuit is making its way through the courts in Oklahoma over the death of a welder more than a year ago in Minco. Kristin Bonds, the widow of Joey Bonds, filed the suit after her husband was killed in a welding explosion reported The Oklahoman. Click here for The Oklahoman
Former legislators want investigation of “disinformation” by two Corporation Commissioners
Three former members of the Oklahoma legislature asked the legislature this week to begin an investigation into what they called “disinformation’ on the part of two Oklahoma Corporation Commissioners and their approval of billions of dollars in winter securitization bonds. Former Reps. Porter H. Davis, Mike Reynolds and Mike Ritze made the request after …
New Mexico nuke waste dump opens new storage
Nuclear waste is once again being hauled to the nation’s only underground nuclear waste repository, the Waste Isolation Pilot Plant near Carlsbad, New Mexico. The company announced this week that a newly mined deposal area opened and waste is being hauled from Tennessee reported the Associated Press. Click here for AP
Other headlines
** The U.S. federal government on Saturday granted petroleum company Chevron a limited license to resume pumping oil in Venezuela, marking the potential first step in ending a years-long embargo of Venezuelan oil production by the United States. In a press release, the Treasury Department said it had authorized Chevron to resume “natural resource extraction operations.” ** The …
New Mexico Supreme Court asked to review electricity rate case
The Attorney General of New Mexico thinks the State Supreme Court was wrong in a recent ruling over the closure of the San Juan Generating Station in Farmington. As a result, the Supreme Court is being asked to reconsider its decision allowing Public Service Co. of New Mexico to delay issuing rate credits to …
Campbell’s Soup Company to acquire power from new Enel Green Power’s Oklahoma wind farm
A Western Oklahoma wind farm that should be completed and operational by the end of the year will provide power to Campbell Soup Company. Campbell and Enel North America announced Monday a 12-year virtual renewable power purchase agreement involving Enel’s Seven Cowboy wind project currently under construction in Washita and Kiowa Counties. The farm …
