Days after the state House in Oklahoma defeated Step Up Oklahoma’s tax hike plan to fix the government budget crisis, legislators approved a move to cut state agency budgets by 2 percent through June. Legislators could not get support on Monday to increase taxes on oil and gas, fuel and cigarettes, so a Joint Committee …
In the latest Oklahoma Economic Report from the State Treasurer, Senate leader Mike Schulz says while he is a strong supporter of the Oklahoma energy industry, the state still needs to diversify its economy. Writing in a guest commentary, the Senate President Pro Tempore said, “Oklahoma has more to offer than just oil, natural gas …
A quarterly dividend of 33 cents a share has been declared by Dallas-based HollyFrontier Corporation, the firm with refineries in Oklahoma, Kansas, New Mexico, Wyoming and Utah.. The Board of Directors of the firm announced the dividend will be payable on March 14, 2018 to those holding shares on Feb. 28, 2018. The company’s operations …
Just as the Oklahoma Energy Index reported this week an improvement in the state’s economy because of a stronger oil and gas industry, the state echoed the sentiments in its announcement of January General Revenue Fund collections. However, the figures also showed a mix of growth and decline for the industry. They showed the industry …
Kratos Defense and Security Solutions, the California jet-powered drone-manufacturer that announced last month it intends to locate a major plant in Oklahoma City has finished successful flight tests with it high performance unmanned aerial drone systems. “Through the flight test missions, Kratos was able to test and demonstrate numerous upgrades and enhancements to the aerial …
The White House wants to move the court fight against the Obama administration’s Waters of the U.S. rule to Texas. It’s what Politico’s Morning Energy report indicated on Thursday. “TRUMP ADMIN WANTS WOTUS WAR IN TEXAS: With the fight over the Obama administration’s Waters of the U.S. rule now taking place in district court, the Trump …
A former El Reno legislator who later became a spokesman for the Oklahoma Association of Electric Cooperatives, Harold Hale died this week. Before serving as Director of Legislative and Regulatory Affairs for the OAEC, Hale was a member of the State House of Representatives from District 3 and served from 1981 to 1990. After …
After this week’s failure to win approval of its tax hike plans in the Oklahoma House of Representatives, the group Step Up Oklahoma apparently is taking a wait and see approach. “For now, the group is taking a break and waiting to see what alternative plan (if any) comes out of the State Capital,” said …
The Oklahoma Transportation Department Commission met this week and awarded more than $102 million in contracts for improvements of highways, roads and bridges in 34 counties. The $102 million represented 46 contracts as the commission also approved 20 contracts for pavement rehabilitation or resurfacing. One was a $24.5 million contract to resurface and improve five …
State regulators indicate most of the destroyed oil rig that blew up last month near Quinton, Oklahoma killing 5 men has been dragged from the site as the probe into the cause remains underway. A report from the Oklahoma Corporation Commission was released this week. “Rig has been skidded out of the way of BOP,” …