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Federal Tax Charges Filed Against Former Energy Company President in OKC
Federal tax charges have been filed against the former president and CEO of the former Oklahoma City-based environmental sales and consulting company TEEMCO. It’s not the first time Gregory Damien Lorson of Naples, Florida has faced tax charges. This week’s charges were filed in Oklahoma City federal court and accused Lorson of failing to pay …
Tom Ward’s New Company Wraps up Purchase of 1,100 Wells in NW Oklahoma
Oilman and cattleman Tom Ward has expanded his newly-formed company’s holdings in northwest Oklahoma with the purchase of more than 1,100 wells and 155,000 acres from Chesapeake Energy, the company he helped found years ago. Ward’s BCE-Mach LLC announced the closing of the deal on land and wells in Woods and Alfalfa Counties. BCE-Mach LLC, …
Backfiring Motor Blamed for Igniting Well Fire near Wewoka
The cause of a fire at an oil and gas pumping unit on Monday near Wewoka apparently was a backfiring motor. It’s what Fire Chief Kevin Green said about the late-afternoon fire that was still burning later Tuesday. The motor backfired and ignited gases as the crew of the pulling unit worked around the well …
His Ethics Issues Keep Piling Up, but Pruitt Has Support of the President
First there was the pricey-flights he took around the world. Then there was the leasing of a condo owned by an energy lobbyist in Washington D-C. Now EPA Chief Scott Pruitt, the former attorney general from Oklahoma faces grilling over pay raises he got for two aides he brought from Oklahoma to help him at …
Fire Destroys Cotton Gin in Southwest Oklahoma
Only the burned ruins of a cotton gin destroyed by fire on Tuesday remain in the southwest town of Lone Wolf. For a while, fear that oil and chemicals in the business would cause a more dangerous situation prompted state troopers and authorities to begin an evacuation of some of the town in Kiowa county. …
Rebound in Oil Prices
Oil prices recovered slightly in Tuesday’s trading as West Texas Intermediate rose 50 cents and settled for the day at $63.51 per barrel on May futures. Brent crude in London’s ICE Futures Europe Exchange settled 48 cents higher at $68.12 per barrel on June futures. Natural gas on the New York Mercantile Exchange was up …
Fatal Drilling Accident Reported near Southwest Oklahoma Town of Cement
Another fatal oil well drilling rig accident is under investigation in Oklahoma. The Caddo County sheriff’s office was notified of the incident Tuesday afternoon. A worker reported fell to his death from a rig located near the town of Cement. The rig is located at County Street 2740 and County Road 1450. The sheriff’s office …
Gross Production Taxes on Oil and Gas Helped State Revenues Grow for 12th Straight Month
Oklahoma Treasurer Ken Miller announced Tuesday that March gross receipts for the state grew 7.4 percent compared to a year ago marking 12 straight months of an increase in revenues. Tax revenue on oil and gas played a role in the growth. Miller indicated gross production taxes on oil and natural gas brought in $72.8 …
Scott Pruitt’s Job on the Line at the White House
One Washington D-C news group maintains the White House is closer than ever to perhaps firing Scott Pruitt as head of the Environmental Protection Agency. Politico says it’s learned White House chief of staff John Kelly had considered dumping the former Oklahoma Attorney General over Pruitt’s travel expenses. But Kelly wants to be sure and …
Pipeline System Hacked
Operations of Panhandle Eastern Pipeline Company in Oklahoma weren’t affected but a cyber attack is blamed for causing problems with the electronic communication system owned by Energy Transfer Partners LP and its major U.S. pipeline network. The network includes Panhandle Eastern along with Transwestern Pipeline Co. and Rover Pipeline LLC. The attack happened Monday morning …