Colorado has launched a $12 million grant program aimed at advancing geothrmal energy technology. Gov. Jared Polis calls it his “Heat Beneath Our Feet” effort to take advantage of geothermal energy and announced $5 mllion in grants in the first round of funding. The funding was authorized in 2022 by the Colorado General …
Congresswoman says Bidenomics is a failure and we’re paying for it
Congresswoman Stephanie Bice points out that gasoline prices are $1 higher per gallon than when President Biden took office and that’s why, she says, Bidenomics isn’t working. The Republican Representative says during Biden’s time in office, prices have risen across the board…canned cranberries during Thanksgiving were up 60%, frozen vegetables up about 11%, uncooked …
Gulfport announces another major acquisition as part of share repurchasing program
Gulfport Energy updated its $650 million common share repurchase program with an SEC filing showing it recently agreed to purchase nearly another $40 million in accounts. The accounts are managed and advised by Silver Point Capital, L.P. and MacKay Shields LLC. The repurchase by Gulfport involved 292,910 shares of the company’s common stock at …
Pentagon contract results in long-term work for Tinker Air Force Base
From the Oklahoma Office of Workforce Development comes word of a nearly $870 million government contract won by Pratt & Whitney that will not only extend the power life of the Air Force’s B-52H Stratofortress and E-3 Sentry aircraft, but also result in much more work at Tinker Air Force Base. The Pentagon announced the engine make …
Texas to put cap on electricity prices during emergencies such as 2021 winter storm
While Oklahoma’s astronomical natural gas prices that hit the state during the 2021 Winter Storm Uri are being investigated by State Attorney General Gentner Drummond, in Texas, authorities took steps recently to assure price protections for consumers during power emergencies. Regulators decided to put a cap on the charges that might hit customers during …
Short energy stories
** The Office of Foreign Assets Control on Dec. 1 imposed fresh sanctions on three transnational entities involved in violating the Treasury Department’s price cap on Russian oil sales. ** Climate advocate and former U.S. Vice President Al Gore on Sunday slammed the UAE – host of the COP28 climate summit – saying its position as overseer of …
Sinclair finishes takeover of Holly Energy Partners
HF Sinclair Corporation’s merger with Holly Energy Partners, L.P., a firm with pipeline operations across Oklahoma, was completed over the weekend. The deal is valued at $1.44 billion, according to a Reuters report. Sinclair acquired all of the outstanding communit units representing limited partner interests in Holly Energy Partners. The acquisition was for a …
NM Governor joined Biden administration in Dubai to make EPA announcement
New Mexico Gov. Michelle Lujan Grisham traveled to Dubai and used the COP 28 climate control event to announce the final federal rules to reduce emissions from the oil and gas industry—an industry that is key to major revenue for her state. She joined EPA Administrator Michael Regan and White House National climate Advisor …
New bus routes implemented by EMBARK in Oklahoma City
Oklahoma City: Embark bus 2102, a 40-foot New Flyer Xcelsior CNG bus, southbound on Robinson Ave. at 7th St. Photo by Steve Morgan, 2021. Oklahoma City’s bus service, EMBARK, put new bus routes into effect on Sunday. The changes affected all of EMBARK’s bus routes. The OKC Moves Bus Service Changes include updates to service areas …
Gains made in rig activity but it’s far less than a year ago
The U.S. oil and gas rig count increased in the past week but figures from Baker Hughes Co. show the amount of rig activity is still far below a year ago. Rig numbers provided provided by Baker Hughes show Oklahoma was unchanged at 38 rigs, far below the 71 rigs reported last year at …