Excel Energy, a firm that serves eight states, announced this week it plans to stop using coal nationwide by the end of 2030. It also plans to speed up the retirement of coal-fired units at its Tolk Generating Station in Texas reported Wisconsin Public Radio. Click here for Wisconsin Public Radio
Colorado towns join lawsuit to fight crude oil train
At least 10 communities in Colorado have joined a lawsuit to block plans for increased crude oil train traffic from Utah across Colorado. The towns are appealing the Surface Transportation Board’s 2020 decision for a new 88-mile stretch of railroad in Utah that would connect Uinta Basin oil fields with the national rail network …
Panasonic to launch construction of battery plant Oklahoma failed to get
The plant that Oklahoma lost—Panasonic’s $4 billion electronic vehicle battery plant will see construction this week in the eastern Kansas town of DeSoto. Work is set to begin following a groundbreaking ceremony on Wednesday at the site of the former Sunflower Army Ammunition Plant south of highway K-10. Oklahoma was one of the two …
Headlines of other stories
** U.S. federal regulators have told Freeport LNG to provide information needed for the planned restart of its liquefied natural gas (LNG) export plant in Texas, the second-largest U.S. LNG export plant, as soon as possible to allow sufficient time for review. ** A seriously low U.S. and global diesel supply is likely to drive up fuel costs and …
600 possible new jobs coming to Oklahoma’s Air and Space Port
Governor Kevin Stitt and local leaders announced Monday that Premium Aerospace Center (PAC) will locate its international headquarters at the Oklahoma Air & Space Port complex in Burns Flat, Okla. PAC will invest several million dollars to renovate and expand two existing hangars and build a third hangar at the facility. “Seeing this project …
Third quarter income gains reported by ONE Gas
The third quarter proved to be a successful one for Tulsa-based ONE Gas as it reported net income of $23.7 million or 44 cents a diluted share. It compared with the $20.3 million or 38 cents a share in the third quarter of last year. “Our third quarter results demonstrate consistency and …
A 15% 3rd quarter growth reported by Williams Companies
Tulsa’s Williams Companies reported third quarter adjusted earnings of $1.6 billion, an increase of $217 million or 15% more than the third quarter of 2021. Cash flow from its operations was $1.490 billion—79% higher than a year ago and up $656 million. Williams reported available funds from its operations totaled $1.241 billion, another financial …
Oklahoma becomes latest to target financial groups that boycott oil and gas
Oklahoma on Tuesday will be the latest state to join the list of those going after financial institutions that target oil and gas companies with a boycott of their funds. The law was in response to such financial firms as Blackrock Investments which announced last year it would not finance oil and gas operations …
Oklahoma energy stocks rose as crude oil prices fell on Monday
Monday’s trading brought a drop in crude oil prices and the decline was blamed on expectations of increased U.S. production saddled with weaker economic data in China. But Oklahoma energy stocks ended with a strong trading day. U.S. benchmark, West Texas Intermediate crude for December delivery, dropped $1.37 or 1.6% to $86.53 a barrel …
Another utility wants storm cost help from Oklahoma regulators
Oklahoma Corporation Commissioners plan a public hearing Tuesday on still another utility wanting help in recovery of its costs from the February 2021 winter storm. Empire District Electric Company, headquartered in Joplin, Missouri but with customers in Oklahoma as well as Missouri, Kansas and Arkansas applied for approval of a Regulatory Asset and Special …