After being literally roasted by his critics for suggesting a mileage tax could be on the table to pay for the President’s multi-trillion-dollar infrastructure plan, Transportation Secretary Pete Buttigieg quickly backtracked on Monday. “No, that’s not part of the conversation,” he said succinctly in an interview Monday with CNN. It was a far cry …
Energy news in brief
** Ever Given, the massive container ship blocking the Suez Canal for almost a week was freed on Monday, allowing the first of an estimated 300 ships to begin their trek through the narrow passageway of water. ** Court filings reveal Tesla wants a U.S. appeals court to reinstate an Obama-era federal regulation that would more than double …
PSO hands out more grants to innovative teachers
Public Service Company announced the awarding of $4,800 in new AEP Teacher Vision Grants to teachers in 8 schools to help them with innovative approaches to improve student learning in the classroom. Individual grants up to $500 have been awarded to teachers in Antlers, Atoka, Hinton, Hobart, Idabel, Olustee-Eldorado, Rattan and Tulsa. The amount …
Enable Midstream advances $7.2 billion purchase by Energy Transfer
Oklahoma City’s Enable Midstream Partners on Sunday set an April 8 date to officially determine and identify holders of its common units in order to continue with the $7.2 billion acquisition by Energy Transfer LP of Dallas. Under the terms originally announced in February, Enable’s common unitholders will receive 0.8595 Energy Transfer common units …
Baker Hughes expands carbon capture efforts
Baker Hughes announced it has entered into a global exclusive licensing agreement with SRI International to use SRI’s Mixed-Salt Process for CO2 capture. The deal will expand Baker Hughes’ efforts to treat flue gases from fossil fueled power plants, gas turbines, industrial applications and cement industry. It also followed the company’s acquisition of Compact …
February storm resulted in 8% production drop for Devon Energy
Devon Energy on Monday indicated in a guidance for the first quarter and full-year 2021 that the severe winter weather in February caused an expected 8% reduction in production. The company stated that it has restored its production to levels prior to the storm and expects the weather-related downtime to be confined to …
Trading of Unit Corporation stocks resumes
Six months after Unit Corporation emerged from Chapter 11 bankruptcy and obtaining new financing, the company won approval to be traded on the OTC Pink. The Tulsa-based company said a broker deal was approved by the Financial Regulatory Authority to initiate a priced quotation of the firm’s common stock under the ticker symbol “UNTC.” …
Rig counts increased in Oklahoma and across the US
The number of oil and gas rigs active in Oklahoma and the U.S. grew n the past week with Oklahoma’s count increasing by one to 17 and national numbers growing by six to 417. It appears increased oil prices are slowly attracting more drilling interest as reflected in Oklahoma by growing numbers of permits …
Invenergy wins financing for AEP wind project in Oklahoma
Another leg of American Electric Power’s three wind-farm power project in Oklahoma was able to secure construction financing. Invenergy obtained the money to build its 999 MW Traverse wind Energy center in Custer, Blaine and Kingfisher counties. Traverse is the largest of the three wind farms developed by Invenergy for AEP according to a …
Senator makes his point about reality of hitting zero emissions by 2050
Oklahoma U.S. Sen. James Lankford used his questions during a Senate Committee Hearing on nuclear energy to point out the efforts of the Biden administration and its environmental supporters to reach zero emissions by 2050 would mean at least 100 or more new nuclear energy power plants would be needed. He pressed his …