Tulsa’s Unit Corporation unveiled its first quarter financial report this week showing a major drop in net income. The company plunged from $134.7 million or $13.75 per diluted share a year ago to $16.1 million or $1.61 a share at the end of the first quarter on March 31, 2024. Total revenues for the …
The Biden administration stated it is willing to pay nearly $80 a barrel for crude oil as it struggles to refill the nation’s Petroleum Strategic Reserve, the one depleted as the President used oil as a political pawn to bring down gasoline prices two years ago. Bloomberg reported the new price was revealed in …
** Senate Energy Committee Chair Joe Manchin (D-W.Va.) on Wednesday joined Sen. Dan Sullivan (R-Alaska) and Rep. Garret Graves (R-La.) to announce a Congressional Review Act (CRA) resolution to overturn the Biden administration’s new rules on energy permitting, following a pledge Manchin made last week. ** Walmart Inc. now has one Tesla semi-truck on the …
Texas U.S. Sen. Ted Cruz is taking some good-natured ribbing over his leadership in urging the Senate to approve the reauthorization of the Federal Aviation Administration. The bill in question had the support last week of U.S. Sen. James Lankford who took to the Senate floor to argue for approval. But Cruz, who typically …
The empty former Seagate Technology manufacturing plant in Oklahoma City was recently acquired for $2.34 million by a division of a Florida-based company. The plant is 280,000 square feet in size. Seagate began laying off workers in 2001 before eventually closing the plant on West Reno. The Oklahoman reported the plant was acquired …
A Norway company has reached agreement to become part-owner of a lithium extraction company located in El Dorado, Arkansas where it is hoping to take advantage of the electric vehicle battery developments. Standard Lithium Ltd. announced the new partnership is with publicly traded Equinor ASA. As Arkansas Business reported, the deal with the …
A $5 million U.S. Energy Department grant has been awarded the Choctaw Nation in Oklahoma to help with construction of a battery energy storage system in Poteau. The Department’s Office of Clean Energy Demonstrations announced the awarding of the grant as part of the Energy Improvements in Rural or Remote Areas (ERA) program. The …
The suspension of a state law intended to protect the state’s oil and gas industry from financial firms implementing climate change policies drew support from the Oklahoma Rural Association. Reacting to the ruling by Oklahoma County District Judge Sheila Stinson, the Rural Association praised the decision that suspended the state Treasurer’s enforcement of …
Oklahoma U.S. Sen. Maarkwayne Mullin grilled EPA Administrator Michael Regan this week, criticizing the agency’s rules that are adding to the food costs for Americans. “Under Joe Biden, costs have skyrocketed over 17 percent,” said Sen. Mullin. “While Oklahoma families are struggling to put food on the table, Joe Biden’s EPA is regulating entrepreneurs out …
The University of Denver’s push to become more focused on green energy should make the University solar-powered within three years. The school hopes to have 100% of its electricity on the campus powered from solar farms in surrounding counties and from new solar panels installed on campus buildings. The Colorado Sun reported DU plans …