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Senators to Study Light Rail, OCC and Transportation Department
While the Oklahoma legislature’s leaders are attempting to reach an agreement on how to fix a $215 million budget hole, the Senate will hold hearings into three studies regarding transportation and light rail. Studies will focus on light rail transport, the Corporation Commission’s Transportation Division’s Compliance with state law and on the State Transportation Department’s …
Oil and Gas Association Leader Says Upping the Gross Production Tax Will Only “Worsen the Problem”
Oklahoma’s Oil and Gas Association is spreading the word trying to tell legislators—-leave your hands off the Gross Production Tax. And he’s not taking aim at just Democrats who recently called for hiking the tax…..but Republicans including Gov. Mary Fallin. Writing to newspapers around the state, Chad Warmington, President of the Association said legislators who …
ConocoPhillips Wraps up Texas Panhandle Assets Sale
The $184 million sale of its assets in the Texas Panhandle by ConocoPhillips has been finalized according to an announcement by the Houston-based company. The identity of the buyer was not disclosed when ConocoPhillips made the original announcement in August and it remains undisclosed. The sale was part of the company’s more than $16 billion …
Inhofe Credits Trump Administration With Money-Saving Energy Steps
In a speech on the floor of the Senate, Oklahoma U.S. Sen. Jim Inhofe went after the media and at the same time defended the Trump administration saying some of the needless rules and regulations created by the Obama administration have been reversed. “Some regulations and agency processes have a purpose and are important, but …
Oklahoma’s Rig Count Slips while National Count Grows
While the U.S. added to its weekly oil and gas rig count, Oklahoma’s count dropped by three to hit 124, according to figures from Baker Hughes Company. The latest oil and gas rig count report showed the national count is at 940 which showed an increase in oil rigs where the count is up to …
$2 million Fine Leveled Against Tyson Poultry in Fish Kill
Tyson Poultry will pay a $2 million fine over a chemical dumping incident that happened three years ago at its Monett, Missouri operation and resulted in a fish kill. The company pleaded guilty recently in federal court in Springfield, Missouri to a federal misdemeanor charge of violating the Clean Water Act. The Joplin Globe reported …
Kansas Regulators Approve Disposal Well in Flint Hills
Opponents of a proposed waste disposal well in the Kansas Flint Hills have lost their fight after the Kansas Corporation Commission this week approved the plans of an oil company. The KCC issued an order that concluded the opponents failed to prove and show “immediate danger to public health, safety or welfare” due to the …
Wind Supporters Rip Legislator and OCPA for ‘Economic Suicide’
Wind supporters in Oklahoma are attacking those who want to remove certain tax exemptions for the industry, saying in effect they have put up the “Keep Out” sign to investors. Jeff Clark, executive director of the Wind Coalition responded to a Wednesday news conference held by Norman Rep. Mark McBride and the Oklahoma Council …
Exxon Mobil Picks Up More Holdings in the Permian Basin
Exxon Mobil added 22,000 acres to its Permian Basin holdings this week through a series of acquisitions and acreage trades. The new acreage adds to the company’s existing 6 billion barrels of oil equivalent Permian Basin resource base. In February, the company picked up 250,000 acres in the Delaware Basin from companies owned by the …
Murphy Oil Widens Offshore Holdings in Brazil
Murphy Oil Corporation based in El Dorado, Arkansas announced this week it is buying a 20 percent working interest in part of a deep water basin off the shores of Brazil. Murphy’s wholly owned Brazilian subsidiary, Murphy Brazil Exploracao E Producao De Petroleo E Gas Ltda will own part of the Sergipe-Alagoas Basin. It made …