More electric-powered mail trucks will soon be zipping around Oklahoma and other states after the U.S. Postal Service said it plans a substantial increase in its EV fleet. Officials said Wednesday their plan is to boost electric vehicles from 20% to 50% in the initial purchase of 50,000 mail trucks and the first are …
Record electricity demand in Southwest Power Pool because of extreme heat
Those record-breaking temperatures on Tuesday also led to power-demand records in power grids that control electricity in Oklahoma, Texas and other states. Air conditioners were running full-force this week and it could mean more power-demand records could continue to fall this week. Oklahoma is one of 17 states in the Southwest Power Pool which …
A whining winner in the race for the Panasonic plant in Kansas?
At least one writer has some misgivings about Kansas winning the race with Oklahoma to land a $4 billion electric vehicle battery-manufacturing plant. Writing in the Wichita Eagle, Dion Lefler suggested what it cost taxpayers of Kansas to land the plant might not be worth the financial effort. Click here for Wichita Eagle
500 mile line to carry New Mexico wind power to Western states
A 500-mile transmission line is planned to carry electricity from New Mexico wind farms to urban markets in Arizona and California. The SunZia Transmission project was acquired by Pattern Energy and will combine with the company’s existing plans to develop wind power in the region reported the Carlsbad Current-Argus. Click here for Current-Argus
Biden to issue executive order to fight climate change
President Biden on Wednesday is expected to again use his weapon of choice, the executive order, in fighting climate change, apparently figuring if he can’t get congressional support he’ll do it himself. A White House spokeswoman said Tuesday the President will announce new federal measures aimed at the climate crisis and do so during …
Dividend declared by ONE Gas
A quarterly dividend of 62 cents was declared this week by the board of directors at ONE Gas, Inc. The dividend will be payable Sept. 1, 2022 to those shareholders of record at the close of business on Aug. 15, 2022. The dividend is no surprise as the company had previously said it expected …
Gas plant fire still being probed by ONEOK
ONEOK still isn’t saying much about last week’s fire that apparently shut down operations at the company’s northern Oklahoma fractionation plant at Medford. No injuries were reported and the utility has not indicated the extent of damage caused by the explosion and resulting fire that resulted in an evacuation of dozens of nearby residents. …
Gulfport Energy’s 2Q report coming in August
After a strong first quarter, Oklahoma City’s Gulfport Energy Corporation prepares to release its second quarter earnings report in less than two weeks. The company plans the release after the close of markets on Tuesday, Aug. 2 followed by a teleconference and webcast the next day, Wednesday, Aug. 3. Leadership will be on hand …
OK energy stocks join crude prices in Tuesday gains
The world’s crude oil prices settled Tuesday at a 2-week high with a 1% gain as traders expressed more worries about a weaker dollar and tight oil supplies. West Texas Intermediate crude for August delivery finished up $1.62 or 1.6% to finish the day at $104.22 a barrel in trading on the New York Mercantile …
2Q earnings report to be released by Chesapeake Energy
After a first quarter where the company recorded its highest ever adjusted free cash flow totaling $532 million, Chesapeake Energy prepares to release its second quarter earnings report. Will it do better than the first quarter where net cash from operating activities totaled $853 million but there was a net loss of $764 million …
