The fight over taxing energy in Oklahoma is far from over as indicated by debate last week in the House Joint Committee on Appropriations and Budget. It also set the stage for a full-blown repeat of the 2017 fight over what some legislators feel was a move to target the wind industry but not so …
A state beside Oklahoma is getting earthquake attention in relation to its extensive oil and gas drilling activity. Stanford University has decided that the massive Permian Basin and its high-level of drilling activity should be mapped for “ground stresses” and possible earthquakes. They continue working on a map for Oklahoma but have come out with …
Oklahoma Corporation Commissioner Bob Anthony says after 22 years and nearly $800 million, he would like to know exactly how some 3 dozen telephone companies in the state have been using money that came from the controversial High Cost Fund. It is a fund created more than two decades ago to help small phone companies …
Activist investor Carl Icahn got his wish. SandRidge Energy of Oklahoma City has fired James Bennett as CEO and apparently forced Chief Financial Officer Julian Bott out as well. Four months after Icahn forced the company to call off its $746 million purchase of a Denver, Colorado firm, the company took the action this week …
Two years after it was formed, Kingfisher Midstream LLC has been sold in a more than $1 billion dollar deal by ARM Energy Holdings LLC based in Houston. Kingfisher, created to serve the STACK oil and gas play was sold for $1.55 billion to Silver Run Acquisition Corporation II. It’s an $800 million cash deal …
Tulsa based NGL Partners LP has named a new member to the board of directors of its general partner and unveiled its quarterly revenue at the same time. He is L. John Schaufele IV who replaces Patrick G. Wade as a Director. His appointment is to the board of directors of the general partner, NGL …
A quarterly cash distribution of about 32 cents per unit was announced by Oklahoma City-based Enable Midstream Partners, LP. The Board of Directors put the distribution at $0.318 per unit on all outstanding common units for the quarter that ended Dec. 31, 2017. The distribution is the same as the 3rd quarter of 2017. Payment …
Saying the recent SoonerPoll that showed Step Up Oklahoma and its tax hike proposals had a majority of support of Oklahoma was one sided, an anti-tax hike group is out with its own polling results. John Collison, President of the group No New Oklahoma Taxes contends most voters feel just the opposite and don’t …
The oil and gas rig counts in Oklahoma and the U.S. rose in the past week, one in state but 29 nationally. Baker Hughes Company of Houston and the Redtop Rig report of Wichita, Kansas reported an increase in rig activity. Oklahoma rose by one to reach 118. But the national count swelled by …
Former Garfield County Assessor Wade Patterson is a strong defender of the current taxing method of wind farms in Oklahoma…ad valorem. He is against any gross production tax on the industry, saying local school districts and counties would be the loser. Speaking this week at a Wind Coalition news conference at the State Capitol, Patterson, …