One of the 14 bills signed into law Tuesday by Oklahoma Gov. Mary Fallin focuses on limiting tax credits for railroad rehabilitation and improvements in the state. She signed House Bill 3204 into law making it immediately effective. The bill cuts the tax credit by 25 percent Authors were Representatives Earl Sears and Dennis Casey …
(From the Oklahoma Aeronautics Commission) While the state legislature is deciding final agency budgets this week at the Oklahoma Capitol, a high-level meeting at the entity for all things aeronautics was buzzing with activity as well. Most of the general public and even some state and federal lawmakers are unaware of a hidden armament tucked …
Fort Worth based-Range Resources, a firm with hundreds of thousands of leased acres for exploration in Oklahoma and the Texas Panhandle escaped a nearly $9 million fine this week in Pennsylvania over a gas well that leaked methane into drinking water supplies and streams. The firm’s Range Resources-Appalachia LLC reached an agreement with Pennsylvania’s Department …
In a move to improve its financial standings, Houston-based Baker Hughes Incorporated has started a tender offer to purchase for cash up to $1 billion in senior notes that are due in 2018, 2021, 2024, 2029 and 2040. The offer will continue until midnight, New York City time at the end of June 22, 2016. …
Months after he issued a ruling that put the U.S. Environmental Protection Agency’s Waters of the U.S. Rule on hold, the same North Dakota federal judge ruled this week against a challenge made by the EPA. U.S. District Judge Ralph E. Erickson ruled Tuesday against the claims of the EPA to dismiss the challenges to …
In a voice vote Tuesday night, the U.S. House of Representatives passed a new energy bill that moves to defund the Environmental Protection Agency’s controversial Waters of the U.S. Rule. The defunding is part of a $37.4 billion bill to fund the Department of Energy and the U.S. Army Corps of Engineers and several energy …
Updating a story we recently told you about concerning electricity from “pig poop,” Duke Energy Corp. in North Carolina has signed another deal to create electricity from the pig waste. Considered the nation’s largest electric company, Duke Energy said the deal is to collect methane gas from the animal waste and convert it into fuel …
Berkshire Hathaway Inc., the firm founded and owned by Omaha, Nebraska financier Warren Buffet has increased its holdings in Phillips 66, now owning 15 percent of the company. The increase came after the company bought 642,841 shares of the oil refiner over the past several days. Berkshire Hathaway made the disclosure in a filing with …
Commissioner John Doak is increasingly alarmed about competition within the earthquake insurance market as data revealed that four companies hold 55 percent of this market, according to an Oklahoma Insurance Department press release. At a public meeting held on Tuesday, Commissioner Doak heard that insurers collected more than $76 million in earthquake insurance premiums while …
It isn’t smooth sailing where the rubber meets the road when driving in northern Oklahoma near the entrance to Lake McMurtry. In fact, there have been quite a number of bumps in the road near Perry along State Highway 86. The same holds true for County Road 58 up in Noble County as well as …
