The University of Arkansas announced its plans to develop solar energy at the Fayetteville campus are growing and the school expects energy savings to total more than three million dollars a year. Eric Boles, director of Sustainability at the University said the school will deploy the largest solar energy project ever in the state …
Improved earnings reported by SandRidge Energy
SandRidge Energy, Inc. announced financial and operational results for the third quarter showing improved earnings over the second quarter financial earnings. Third quarter net income was $18.7 million and 51 cents a share compared to $16.6 million and 45 cents a share in the previous quarter. Adjusted net income improved as well, going from …
Nichols Hills and others honored for promoting alternative fuels
The Central Oklahoma Clean Cities Coalition recently honored the city of Nichols Hills, Clean Energy Fuels and a state legislator for their efforts in promoting and adopting alternative fuels and advanced vehicle technologies. The Clean Cities Coalition is part of ACOG or the Association of Central Oklahoma Governments. This year’s award winners are Clean …
Air Force wants nuclear missile sites protected from wind farms
The growth of wind farms across the upper Midwest has prompted the Air Force to ask Congress for protection for its underground nuclear missile silos. It’s something similar to the flap that developed a few years ago when the Air Force felt the growth of wind farms in Oklahoma endangered pilots at the air …
Reduced oil and gas revenue results in lower yearly gross receipts in Oklahoma
Gross Receipts for the last 12 months of $17.07 billion are $167 million, or 1 percent, below revenues from the previous year according to the Oklahoma State Treasurer. Impacted by reduced oil and gas revenue, October marks the first time since March 2021 that receipts to the Treasury fell below the prior year’s 12-month …
Headlines elsewhere
** A record 48 oil supertankers are making their way to the US, Bloomberg reported. US crude oil production and exports are booming, while OPEC+ countries have curbed oil supply. US oil exports hit 3.99 million barrels a day in the first half of 2023, according to the EIA. ** U.S. pipeline operator Kinder Morgan …
Crude oil prices rise on Saudi Arabian and Russian continuation of production cuts
Monday brought about higher crude oil prices as Russia and Saudi Arabia reaffirmed their pledge to make extra voluntary oil supply reductions through the end of the year. But the higher prices didn’t help Oklahoma energy stocks as some fell 8% in the day’s trading. West Texas Intermediate crude, the U.S. benchmark, rose 31 cents …
Devon to release 3Q earnings report
After reporting second quarter net earnings of $690 million or $1.07 per diluted share, Devon Energy will release its third quarter financial report on Tuesday. The company plans to make the earnings report available after the close of U.S. financial markets and follow it with a conference call on Wednesday at 10 a.m. With …
Thanks to increased oil production, the US saw a 9% growth in natural gas production in 2022
A new report from the federal government indicated that in 2022, the nation saw a 9% gain in natural gas production in the country’s major plays, and that included the Anadarko region. It came from increased production of crude oil in the major regions, the Permian, Bakken,Eagle Ford, Niobrara andt he Anadarko. The U.S. …
Broadband Commission to change location of meetings
November meetings of the Oklahoma Broadband Governing Board and the Oklahoma Broadband Expansion Council won’t be held in their usual sites. Both groups will change their meeting locations, according to an announcement from the Oklahoma Broadband Office. The Broadband Governing Board will meet Tuesday, November 14 at 10:30 a.m. in the Heritage Room, Grady …