The Oklahoma Broadband Office is starting all over on its list of projects to be considered for a preliminary allocation of $382 million in American Rescue Plan Act money. It decided to do so following concerns of the members of its governing board as well as complaints from internet service providers. Executive director Mike …
Oil production from the nation’s major oil producing areas, including the Anadarkao Basin and the Permian Basin, is expected to decline in the coming months according to a new federal government report. The Anadarko’s daily production is forecast to fall from 436,000 barrels a day to 434,000 barrels daily by September. The production in …
** Hawaiian Electric faces scrutiny and lawsuits for not de-energizing power lines as high winds and dry conditions gripped Hawaii in the leadup to the deadly Maui wildfires. ** A Montana judge ruled Monday that the state is violating its residents’ right to a clean environment, delivering a major victory to the 16 kids, teens and young adults behind …
A new report shows the number of oilfield workers in Oklahoma, Texas and Louisiana leaving the “dirty job” industry to work in so-called “green” jobs is less than 1% of all workers. The likelihood of those workers leaving the oil patch isn’t great, according to a new working paper from the National Bureau of …
While electric vehicle manufacturer Canoo announced it has installed manufacturing capacity at its Oklahoma City and Pryor operations, the company is still losing money….just not as much as it did a year ago. It announced second quarter financial results late Monday showing adjusted net loss of $69.1 million while losses for the first half …
Monday produced a down day for crude oil prices as well as Oklahoma energy stocks with one firm recording a 17% loss for the day. Continued worries about China’s falling economy along with a stronger dollar took the momentum out of seven weeks of gains. West Texas Intermediate crude finished down 68 cents or …
Tulsa’s Unit Corporation second quarter financial results might have been like a punch in the gut as net income fell 65% from a year earlier. But for the first six months, it was still upbeat and leadership was still full of optimism. Net income for the latest quarter was $28 million or $2.86 per …
Another round of storms that included 90 mph winds resulted in damage Sunday night in the state and left more than 17,000 customers without power at one point Oklahoma Gas & Electric reported it had restored power to most of the affected customers and as of late Monday morning had narrowed the list to …
Unlike Oklahoma-based utilities that used long-term bond financing of historically high natural gas bills during the 2021 Winter Storm Uri, Arkansas Oklahoma Gas is opting out of the method. The Little Rock, Arkansas based company initially filed a request following the storm, seeking securitization to cover its more than $18 million in natural gas …
The fight against the Biden administration’s latest EPA rule, one targeting existing coal, natural gas and oil-fired power plants has one more opponent—Oklahoma Attorney General Gentner Drummond. He announced Monday he has joined a coalition of 21 states opposing the new rule proposed by the Environmental Protection Agency. The proposal attempts to regulate those …