Tulsa billionaire George Kaiser is about to unload his Summit ESP, a Tulsa-based maker of electric submersible pump systems for oil and gas wells and the buyer is anticipated to be Halliburton. No word yet on how much Halliburton will pay for the company founded in 2010 by oilfield services industry veteran John Kenner. Officials …
Despite legal challenges to some new state fees, including one on electric cars, the Oklahoma Equalization Board has voted to support the funding plan for the new fiscal year which takes effect on Saturday. The $6.8 billion budget prompted legal challenges on an increased tobacco fee, a new fee on electric cars and a sales …
New jobless figures from the government reveal the recovery of Oklahoma’s oil and gas industry is making slow progress. The Oklahoma Employment Security Commission released May unemployment numbers this week showing the rates improved over the year for most counties. McIntosh County in eastern Oklahoma had the highest county unemployment rate at 8.1 percent followed …
The Denver federal appeals, the same one that decides Oklahoma cases issued a surprise notice Tuesday night setting a date to hear oral arguments in the fight over the Interior Department’s Obama-era fracking rules covering federal lands. The arguments will be heard July 27 in Denver in the case whether the Interior Department has the …
As the Oklahoma legislature targeted the wind energy tax credits for new wind farms under construction to be eliminated on July 1, the legislators did not target what could be hundreds of millions of dollars in other tax credits in the state. Under a law created in 2011 the listing of some of those credits …
Major players in Oklahoma’s STACK and SCOOP oil and gas plays were active this week in the J.P. Morgan 2017 Energy Equity Investor Conference in New York City. It was the second year for the energy conference and one of the participants was Houston-based Newfield Exploration, a firm that sought investors by focusing on …
A report by two state agencies in Oklahoma says hydraulic fracturing and the completion of oil and gas wells are not a leading contributor to causing earthquakes in the state. The report comes from the Oklahoma Corporation Commission and the Oklahoma Geological Survey. It indicated that efforts to manage the potential risk of induced earthquakes …
Whether you’re climbing atop a wind tower in western Oklahoma or working on an oil and gas rig, safety is critical for energy operations in the state. Yet a new government report flunks Oklahoma for its efforts to eliminate preventable deaths. The National Safety Council released its annual State of Safety report this week, giving …
U.S. Sen. Jim Inhofe moved this week to reauthorize a government program aimed at retrofitting older diesel engines all in the name of reducing air pollution. He and Democratic Senators Tom Carper of Delaware and Sheldon Whitehouse of Rhode Island joined with Wyoming GOP Sen. John Barrasso to introduce the Diesel Emissions Reduction Act of …
In an economy driven mostly by energy, Oklahoma is slowly making a recovery. Figures from the U.S. Bureau of Economic Analysis showed this week that Oklahomans saw their personal income grow at a one percent rate in the first quarter of 2017. And that’s critical to state revenue at a time where the Oklahoma government …