New Mexico is one of 13 states to be part of a national effort to expand geothermal power for the nation’s electric power grid. The U.S. Department of Energy’s (DOE) Geothermal Technologies Office (GTO) launched the new, 13-state effort to expand the use of firm, flexible geothermal power on the nation’s grid. Led by the National Association …
Category: Oil & Gas
Fermi leaders not phased by loss of major AI investor at Amarillo
Weeks after former Texas Gov. and U.S. Energy Secretary Rick Perry and his billionaire partner Toby Neugebauer experienced a loss of a prospective major investor in their effort to build world’s largest private energy grid and AI campus at Amarillo, Texas, they are busy pushing ahead with the project. They call their company Fermi …
Energy Brief: Policy, Power and Global Energy Moves
Policy and Regulation ** The Trump administration filed a lawsuit seeking to block natural gas hookup and appliance restrictions in two California cities, arguing the local rules violate a 1975 federal law. Power Generation and Grid ** An Anschutz Corporation subsidiary proposed a 2,000 MW gas generation facility in southern Wyoming to complement the nearby …
Battery storage project rejected in Kansas county
As Oklahoma sees a battery energy storage system under development near Enid, a similar project has been rejected by Sale County Commissioners in central Kansas. The Battery Energy Storage System proposed by Plus Power, a company headquartered in Houston, Texas, had originally won unanimous approval from the county’s planning board but county commissioners on a …
Crude oil and OK energy stocks slumped on Wednesday
Crude oil prices dropped on Wednesday to below $60 and most Oklahoma energy stocks slumped as President Trump’s Venezuelan oil plans prompted concerns about the long-term impact of U.S. actions following the weekend capture of the country’s leader Nicolas Maduro. After hitting record highs this week, many major stock indexes finished lower for the …
Energy briefs
** The U.S. on Wednesday seized an oil tanker flying a Russian flag that is linked to Venezuela, according to a multiple news reports. The reported seizure in the North Atlantic concludes a weeks-long chase, two U.S. officials told NBC News. One of the officials said that the ship has been secured, and the Department of Homeland …
Oklahoma Gross Production Tax Surges 232% in December
Oklahoma Gross Production Tax Jumps 232% in December Oil and Gas Revenues Drive Strong Monthly Gains Revenue from Oklahoma Gross Production Tax surged in December, helping push overall state collections sharply higher, according to the latest monthly revenue report from Todd Russ. The gross production tax on oil and gas increased by $124.5 million, representing …
Venezuela’s oil impact in the U.S.
Take a look at the above picture and you will quickly realize why oil in Venezuela will play a critical role in any possible return to democracy in the South American country. After taking over American oil and gas operations, Venezuelan leaders, the late Hugo Chavez and now-captured Nicolas Maduro, drove the energy industry …
Williams announces $2.75 billion in senior notes offering
Williams Cos. Prices $2.75B Senior Notes Offering to Refinance Debt Tulsa-Based Energy Firm Targets Near-Term Maturities Williams Companies announced the pricing of a $2.75 billion public offering of senior notes, a move designed primarily to refinance near-term debt maturities and strengthen the company’s long-term balance sheet. The offering, which spans three separate tranches, allows the …
$500,000 damage caused by illegal truck load
The damage to six Oklahoma turnpike bridges from an illegal load carried by a trucker last month totaled nearly $500,000 and this week the Turnpike Authority approved the repair costs. The governing board of the Authority approved spending $491,700 to Built-Right Construction, the firm that carried out the emergency repairs to the six …