Self-Driving Cars Subject of Congressional Hearing

Congressman Markwayne Mullin and others on a subcommittee of the U.S. House Energy and Commerce committee will explore those self-driving cars in a hearing today on capitol hill. He is a member of the Subcommittee on Digital Commerce and Consumer Protection. The hearing entitled “Self-Driving Cars: Road to Deployment will begin at 9:15 a.m. Oklahoma …

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Chesapeake Fights $439 million Bond Ruling—-Heads to Supreme Court

  Oklahoma City-based Chesapeake Energy Corp. thinks the U.S. Supreme Court should have a say in a $439 million judgment that was issued against the company last fall in a dispute over a bond issuance. It was a fight in part that grew out of debt run up by the late Aubrey McClendon when he …

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New $600 million Credit Announced by SandRidge Energy

Oklahoma City-based SandRidge Energy announced Monday it entered into a new $600 million reserve based credit facility with a $425 million borrowing base. The move was effective Feb. 10, 2017. The announcement indicated that the refinancing amended the terms of the previous credit facility and provides the company with an increased principal commitment to $600 …

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Tribe and State Win Court Order Against Storing of Uranium Contamination at Gore

Plans by a firm to permanently store uranium contaminated sludge at the former Sequoyah Fuels facility near Gore in eastern Oklahoma are on temporary hold after the State and the Cherokee Nation went to federal court to win a temporary restraining order. The State and the Tribe fear possible contamination of the nearby Arkansas and …

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Oklahoma’s Drilling Rig Numbers Hold Steady but Gain Nationally

Rig counts remained the same in Oklahoma in the past week while nationwide, they grew by 12 to reach 741, according to figures from the Baker Hughes Company in Houston, Texas. Of course, the count is only from Baker Hughes and does not include states where it does not operate such as Kansas. The Kansas …

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Governor’s Infrastructure Wish List to Trump—-$1.3 billion in Projects

Oklahoma Gov. Mary Fallin’s submitted $1.3 billion in transportation projects to the Trump administration as part of the new President’s plan  to improve nationwide infrastructure. She proposed seven so-called “shove-ready” projects in Oklahoma. They are among 428 projects submitted from 49 states and territories to the White House National Trade Council. The submissions were made …

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Senator Inhofe Gets Assignments on Environment and Public Works Committee

The chairman of the U.S. Senate Environment and Public Works Committee announced the leaders of the committee’s four subcommittees. Oklahoma U.S. Senator Jim Inhofe will be chairman of the Transportation and Infrastructure Subcommittee. Seven other senators join him to make up the subcommittee. West Virginia Sen. Shelley Moore Capitol will chair the subcommittee on Clean …

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Bill to Increase Mineral Mining Fees Wins House Committee Approval

A State House committee on Thursday passed a bill to increase the fee on the production of minerals other than coal in the state. The recommendation of House Bill 1844 by Rep. Leslie Osborn, R-Mustang came from the House Appropriations and Budget Subcommittee on Natural Resources and Regulatory Services. It’s estimated the increase would generate …

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OERB’s Annual Report Shows 662 Abandoned Wells Cleaned up Last Year in Oklahoma

The Oklahoma Energy Resources Board is out with its 2016 annual report, a report emphasizing Restore, Education and Innovate. Mindy Stitt, Executive Director of OERB reports the group has education programs underway in 98 percent of the school districts in the state. In addition, the OERB’s main function, that of restoring old and abandoned wells …

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XTO Energy Battles Another Class Action Lawsuit

For several years, XTO Energy Inc. of Texas has been fighting class-action lawsuits in which it stands accused of underpayments on gas royalties. In the latest case, an Arkansas Federal judge on Wednesday declined class certification to several royalty owners who sued XTO, a company with offices in Oklahoma City and Fort Worth. The suit …

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