Legislator Says Raising Oil and Gas Taxes Would be a Good Start to Fix State Budget

A southern Oklahoma legislator believes one of the first things the legislature will do when it returns for the 2018 regular legislative session in a few weeks is to work on raising the gross production tax on oil and gas. It’s what Rep. Pat Ownbey (R-Ardmore) told the Daily Ardmoreite, explaining how the legislature wants …

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Significant Increase in 2017 Cited by Oklahoma Energy Index

The Oklahoma Energy Index closed 2017 with what its researchers call a “significant increase.” It came after a year of modest recovery in Oklahoma’s oil and natural gas industry. The Energy Index grew by 2.4 percent, marking the strongest monthly gain of 2017. The index, using data collected in November, stands at 179.0, which was …

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Russell Targets USDA in Latest Waste Watch Report

If U.S. Sen. James Lankford doesn’t find ways the government can waste money, then count on Oklahoma Rep. Steve Russell to find them. In his latest Waste Watch No. 8 report, the Republican 5th District Representative cited $16.5 billion in spending programs he considered to be examples of wasteful government spending. He found 10 of …

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Quick Hits in the Industry

  NuStar Energy L.P. based in San Antonio announced the start of its Binding Open Season involving an expansion of its NuStar Permian Transportation and Storage LLC’s Permian Crude System. The expansion will provide more transportation capacity capable of reaching several downstream markets through interconnects at Colorado City, Texas. Ring Energy, based in Midland,  Texas …

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Why OGE Crews Are Needed in Puerto Rico

The power outages that continue plaguing Puerto Rico since last fall’s hurricane Maria might seem forgotten by many, but the impact is starting to hit hospitals in Oklahoma and the U.S. Here’s why. Puerto Rico is considered a major hub of drug manufacturing, especially those saline bags that are used to treat everything from gunshot …

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Clean Energy Honor Roll

The group Interstate Renewable Energy Council is out with its 2017 Clean Energy States Honor Roll and no, Oklahoma and other oil and gas states aren’t on it. Instead,  the 35-year old national independent not-for-profit organization that works to increase consumer access to clean renewable energy cited Minnesota as the state with the most growth …

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Quarterly Distributions Announced by Tallgrass Energy

Kansas City-based Tallgrass Energy Partners LP and Tallgrass Energy GP, LP will make their quarterly distributions for the fourth quarter of 2017 in February. They will be made Wednesday, Feb. 14, 2018 to unitholders and shareholders of record as of the close of business on Wednesday, Jan. 31, 2018. The board of directors of TEP’s …

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Record Gas Provided by Williams to Freezing East Coast

All that frigid weather in the eastern part of the U.S. last week led to a record amount of natural gas delivered by Williams Partners L.P. on its Transco interstate gas pipeline. While environmentalists have fought extensions of the line, there didn’t appear to be any opposition to the natural gas being used to provide …

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4thQ Earnings to be Released by Murphy Oil

Arkansas-based Murphy Oil Corporation plans to release its fourth quarter 2017 earnings after the close of market on Wednesday, Jan. 31, 2018. Headquartered in El Dorado, the company will host a conference call and webcast beginning at 11 a.m. Eastern time on Thursday, Feb. 1, 2018. Senior management will also review year-end 2017 results as …

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Oil and Gas Revenues in December Came in Below State Estimates

December proved to be another month of increased revenues for Oklahoma as collections were 22 percent higher than a year ago. However, gross production taxes on oil and gas came in below state estimates. State Finance Secretary Preston Doerflinger released figures this week showing the general revenue fund collections totaled $512.6 million, a figure that …

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