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Lawsuit filed over Keystone XL pipeline law enforcement preparations
Following the massive nearly-two-year long protests against the Dakota Access crude oil pipeline in North Dakota, Oklahoma became one of the first states to create a law cracking down on energy protesters. Its law provides for long prison sentences and massive fines up to $1 million for those caught harming energy facilities such as crude …
Oklahoma Representatives supported natural gas bill
Oklahoma’s U.S. Representatives helped pass a measure to speed up the exporting of U.S. natural gas. House Resolution 4606, the Ensuring Small Scale LNG Certainty and Access Act introduced late last year by Ohio Republican congressman Bill Johnson was approved on a 260-146 vote. Representatives Tom Cole, Frank Lucas, Markwayne Mullin and Steve Russell were …
Worldwide rig count is up for August
Houston-based Baker Hughes is out with its monthly report of rig activity around the world and says the international count for August was 1,008, up eleven from July. It was also 56 more than the 952 rigs reported in August of last year. The international offshore rig count for August 2018 was 212, down 5 …
Oklahoma congressional delegation relays rural concerns to FCC
Oklahoma’s congressmen are telling the head of the Federal Communications Commission they have some serious concerns about government regulations covering wireless and broadband service to rural America. They sent a letter last week to Ajit Pai, chairman of the FCC and urged him to carefully evaluated any challenges submitted from mobile service carriers about the …
Gasoline prices hold steady in Oklahoma
Post Labor Day gasoline prices rose slightly in Oklahoma in the past week, reaching an average of $2.60 a gallon. GasBuddy reports it’s the average from a survey of 669 stations in the state. Nationally, the average is $2.84 which is nearly 2 cents lower than a week ago. Oklahoma City’s average dropped more than …
Four to be honored by Oklahoma Geological Foundation
The Oklahoma Geological Foundation announced it intends to honor four men at its Nov. 1 Legends Dinner to be held in Oklahoma City. One is Frank E. Phillips who will be honored with the Pioneer Legend Award. The banker and oilman who founded Phillips Petroleum Co. in Bartlesville in 1917 along with his brother Lee …
Oil and gas groups say Edmondson is foolish to talk about tax hikes
Democratic candidate for Governor Drew Edmondson didn’t find any supporters from the Oklahoma Oil and Gas Association and the Oklahoma Independent Petroleum Association for his call to raise the state’s gross production tax on oil and gas to a full 7 percent. “OKOGA strongly opposes any effort to raise taxes on the oil and natural …
Nation’s rig count remained steady while the number dropped in Oklahoma
While the nation’s oil and gas rig count remained unchanged, the number of active rigs in Oklahoma slipped by 2 to reach 137. Figures from Baker Hughes Co. show a national count of 1,048, same as a week ago. But the new figures show a drop of 2 oil rigs to 860 while the number …
US crude inventories down to lowest level in 3 years
While crude inventories fell by more than 4 million barrels in the last week of August, stocks at the Cushing, Oklahoma hub for U.S. crude futures rose by 549,000 barrels. The U.S. Energy Information Agency reported the drop in inventories was 4.3 million barrels in the week to Aug. 31, far more than the 1.3 …
Democrat Edmondson wants higher tax on oil and gas production in Oklahoma
Democratic candidate for governor Drew Edmondson wants to raise taxes in Oklahoma and that includes returning the state’s gross production tax on oil and gas to 7 percent. In announcing his plan during a state capitol news conference with former OU President David Boren at his side, the former state attorney general also said he …