** More natural gas pipelines have entered into service in recent months to carry gas from the Permian basin to Mexico, boosting U.S. gas exports to America’s neighbor to the south and reducing the wide discount at which gas traded at the Waha Hub in Texas. ** Lordstown Motors Corp. shares dropped 20% after the electric-vehicle company …
New Texas laws signed to overhaul state’s power grid
A pair of bills designed to improve the main power grid in Texas and also reform its operating agency were signed into law this week by Gov. Greg Abbott. The new laws were created after the disastrous and deadly winter storm that hit Oklahoma and Texas in February. The storm left more than 4,8 …
New use for corn results in $300 million plant in Iowa
Cargill Inc. announced this week plans to build a $300 million plant in Iowa to convert corn sugars into chemical replacements to use in manufacturing spandex and biodegradable plastics. The project will create a new use for corn and undoubtedly increased farming in Iowa, the state known for its corn production also used in …
OKC budget includes expansion of Atoka water line
Part of Oklahoma City’s new 2022 budget approved this week by the city council includes nearly $112 million toward construction of a second line to carry water from southeast Oklahoma’s Atoka Lake. The money is part of a $1.65 billion annual budget approved by the council on a 7-2 vote. The total Atoka pipeline …
Congressman questions legality of campaign contribution to Biden
Oklahoma Congressman Markwayne Mullin, a continuing critic of President Biden’s anti oil and gas moves suggests the President’s latest decision might be illegal. When asked by OK Energy Today for his reaction to the President’s acceptance of money from a Russia lobbyist and his decision not to continue with sanctions over the Nord Stream …
Broadband to be expanded in state budget
State legislators reached agreement this year to spend millions more on expanding broadband services in Oklahoma, giving wider communications opportunities for those in the rural areas of the state. The 2022 state budget includes $42 million in tax rebates for companies to expand broadband services in unserved or underserved areas of Oklahoma reported …
US crude prices settle above $70 a barrel
A day after crude oil prices dropped in trading both in the US and overseas, they managed an increase in Tuesday’s trading with US prices finally topping the $70 level. It came after US oil prices hit $70 a barrel on Sunday for the first time in nearly 3 years, underscoring the rebound since …
Lankford questions Colonial Pipeline CEO about cyber attack
The top executive of Colonial Pipeline told Oklahoma U.S. Sen. James Lankford and others on a Senate committee hearing that hackers who staged a cyber attack last month disrupting fuel supplies to the U.S. southeast were able to get into the system by stealing a single password. During the hearing by the Senate Homeland Security …
Oklahoma Space Authority to meet Wednesday
The Oklahoma Space Industry Development Authority holds its June meeting on Wednesday. The meeting will be held in the Commission Room at the Department of Transportation headquarters beginning at 1:30 p.m. The agenda is listed below: ITEMS TO BE PRESENTED BY OSIDA CHAIRMAN – BAILEY J. SIEGFRIED CALL TO ORDER INTRODUCTION OF …
Oklahoma Reps voice support for NORD Stream 2 sanctions
All five Oklahomans in the U.S. House were among more than 60 Republican Representatives who sent a letter to President Biden this week expressing their concern over his move to waive sanctions and allow Russia’s Nord Stream 2 pipeline to be finished. Representatives Stephanie Bice, Tom Cole, Kevin Hern, Frank Lucas and Markwayne Mullin …
