A bill designed to require operators of disposal facilities of wind farm turbine blades to file annual reports with the Corporation Commission could be considered Thursday at a meeting of a State Senate Committee. House Bill 2359 by Boles of the House and Paxton of the Senate would force such operators of a renewable …
SandRidge Energy files report on 1,300 barrel a day well in northern Oklahoma
A new Major County well with production of more than 1,300 barrels of oil a day has been reported by SandRidge Energy. The well was completed in November of 2022 but the report wasn’t filed until this week. Located at 36 20N 15W, a site about 10 miles northeast of the city of Seiling, the …
Strong March revenues reported by State of Oklahoma
Another sign of a continuing strong economy in Oklahoma came this week from a state agency that indicated General Revenue Fund collections in March were nearly 24% stronger than the estimate. The Oklahoma Office of Management and Enterprise Services reported $708.2 million in March collections which is $136.3 million above the estimates. This is …
US and world energy headlines
** The Bureau of Land Management (BLM) announced on Tuesday that it has approved the construction of a 732-mile high-voltage transmission line across the Western U.S. that will help transport renewable energy. The transmission line, called the TransWest Express Project, will run from south-central Wyoming through northwestern Colorado and central Utah before reaching its endpoint in southern Nevada, …
Oklahoma Turnpike Authority puts the brakes to turnpike expansion projects
Saying lawsuits and an investigative audit have interfered with the agency’s ability to enter the bond market, the Oklahoma Turnpike Authority on Tuesday announced a stoppage of all work on its $5 billion long-range plan, ACCESS Oklahoma. The stoppage, effective Friday, April 14, includes work on the Turner Turnpike as well as the widening …
Feds forecast increased Brent crude oil prices and prices at the gas pumps
Expect an increase of 2.5% in 2023 Brent crude oil prices according to the U.S. Energy Information Administration which released its Short-Term Energy Outlook on Tuesday. The government’s prediction came after OPEC and its partner countries announced crude oil production cuts for the remainder of the year. EIA said it expects the Brent crude oil …
Oil made 2% gain while OK energy stocks were mixed in trading
A nearly 2% gain was recorded Tuesday for crude oil prices while Oklahoma energy stocks were mixed. Analysts credited the oil price gain on hopes the Federal Reserve might ease its rate hikes. Some analysts think investors were more optimistic the Fed might bring an end to its rate hikes. West Texas Intermediate crude went …
Canoo threatened with delisting by Nasdaq
Electric vehicle maker Canoo faces a bumpy road if it intends to fulfill its promise of manufacturing vehicles at a newly-acquired plant in Oklahoma City. Nasdaq informed Canoo Inc. on March 27, that it might be delisted from the exchange because its closing price for common stock fell below the $1 per share minimum …
Wildfire danger still present in NW Oklahoma
Despite some rains this week, northwestern Oklahoma and the Panhandle remain under high fire dangers reported the Oklahoma Forestry Division. In a statement on Tuesday, the Division said, “Friday is of particular concern ahead of another cold front that pushes near-critical to critical fire weather into northwestern/western Oklahoma and storm chances further east.” Rainfall …
PSO claims ratepayers will see lower bills due to $2.4 billion renewable energy project
Oklahoma Corporation Commissioners were told Tuesday that ratepayers of Public Service Company will eventually see a rate reduction through the company’s proposed $2.4 billion acquisition of solar and wind farms in Kansas and the Texas Panhandle. “The benefits are immense,” testified Matt Horeled, Vice President of Regulatory and Finance for PSO during a hearing …