Travel Aficionado / Flickr
The 147-megawatt Weatherford Wind Energy Center.
The cost of producing and providing electricity generated by solar panels and wind turbines has plunged in recent years, and are on track to meet — and in some markets are already beating — the generation costs of conventional sources like coal and natural gas.
Price parity has been a “long-held dream” of the solar and wind industries, The New York Times‘ Diane Cardwell reports. And alternative energy is proving competitive to conventional energy sources — especially in Oklahoma:
In September, the Grand River Dam Authority in Oklahoma announced its approval of a new agreement to buy power from a new wind farm expected to be completed next year. Grand River estimated the deal would save its customers roughly $50 million from the project. Continue Reading
A new turbine has been installed in Osage County, but the Osage Tribe is pledging continued court challenges as uncertianty over proper permits stemming from disctrict court rulings and Bureau of Indian affairs decisions lingers.
Joe Wertz / StateImpact Oklahoma
A panel of state geological surveys and oil and gas regulators at the National Seismic Hazard Workshop on Induced Seismicity, held in November at a conference center in Midwest City, Okla.
Scientists, regulators and technical experts from the energy industry met in Oklahoma to discuss how earthquakes triggered by oil and gas operations should be accounted for on national seismic hazard maps, which are used by the construction and insurance industries and pubic safety planners. Continue Reading
Supporters say the 487-mile section of the Keystone pipeline that connects Oklahoma to Texas is “proof that building the rest of the pipeline will create jobs and boost tax revenues,” but detractors say the economic impact is overstated and the pipeline will dramatically increase greenhouse gas emissions “by enabling Canadian producers to develop more oil sands crude.”
Tax breaks for the energy industry reduced state revenue collections by $486 million in 2014, Oklahoma Watch reports.
Six months after the Osage County Board of Adjustment “refused to grant a permit for a second wind farm development across the rolling hills of Osage County, a district judge declared Wednesday that the giant turbines must be approved after all,” The Tulsa World reports.
Crystal J. Hollis / Flickr
A Frack Free Denton booth at the University of North Texas. On Nov. 4, voters approved a citywide ban on hydraulic fracturing.
Driven by water worries, safety questions and quality of life concerns, residents in Oklahoma and states other the country have pushed for citywide bans on hydraulic fracturing.
Many of those efforts have proved successful, but, in the end, fracking bans might be more about lawyers than voters.
katsrcool / Flickr
Drilling rig near northwest Oklahoma City.
Crude oil prices have plummeted to the lowest level in three years, a slump analysts say is fueled by reduced demand due to stalling growth in Europe and China, and booming supply from domestic production in the U.S.
In Oklahoma — a state where, historically, finances have risen and fallen with the fortunes of the energy industry — the tumbling oil price has been met with different reactions from oil and gas company executives, economists and state finance officials.
From our partners at StateImpact Pennsylvania: “Chesapeake Energy has been subpoenaed by the federal Department of Justice, seeking information on its royalty payment practices to mineral owners.”
But Steven Pruett, president and chief executive officer of Elevation Resources in Midland, Texas says low oil prices haven’t created a crisis situation for most energy companies. If prices collapsed to 2008 levels, when oil was fetching less than $35 dollars a barrel, drillers might be forced to take more drastic steps like shutting down production. But few are predicting crude will fall that much, NPR’s Jeff Brady reports.