State Senate to get Corporation Commission Task Force Bill

The State Senate is the next stop for a bill creating a task force to study the effectiveness of the Oklahoma Corporation Commission. House Bill 1377, already passed in the State House won approval in a Senate Committee. As OK Energy Today reported last month, the House gave unanimous approval to the bill that would …

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State Auditor Says Every Tax Credit Review Should be Public

In making a call this week for a 5% gross production tax on oil and gas and wind, State Auditor Gary Jones also said the law should include more transparency. He says every tax credit issued by the state should under what he calls a “legitimacy review” to ensure each is worthy of taxpayer dollars. …

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Changes Discovered in Earthquake Numbers in Southern Kansas

Like Oklahoma, the state of Kansas is also experiencing a drop in earthquakes linked to wastewater injection wells. But as The Hutchinson News reported recently, geologists and experts in Kansas also note some other changes about the quakes. They have found there are more earthquakes located away from the wastewater injection wells and there is …

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NARO Convention to Feature Earthquakes, Oklahoma History and Legislative Update

The 2017 OK NARO convention is set to begin in about a week in Norman. Jay Freede with the Oklahoma chapter of the National Association of Royalty Owners said the event will begin with a social gathering Wednesday evening on April 19 at Devon Tower’s Vast Restaurant. But the rest of the events will be …

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Importance of Gross Production Tax on Oil and Gas in Oklahoma

State Treasurer Ken Miller devotes most of his April Oklahoma Economic Report on the gross production tax and the impact of the rates as well as the energy downturn. “In the past five years, the effective tax rate on Oklahoma crude oil and natural gas gross production has been cut in half,” started Miller. His …

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Fracking Fight Moves to Montana Legislature

Advancing in the Montana legislature…a bill to make oil and gas developers justify and get state approval in order to keep secret the chemicals used in hydraulic fracturing. Under the bill, companies have to submit their requests for confidentiality and a $25 feet to the Montana Oil and Gas Conservation Board.  It would not be …

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Coal Industry in Talks for A New Coal Plant

  President Trump’s recent move to roll back clilmate regulations on fossil fuels has prompted the American Coalition for Clean Coal Electricity to start talks about building a new coal plant somewhere in the U.S. Paul Bailey, ACCCE’s President and CEO said the talks are being held with an “unnamed state’s governor and lawmakers” about …

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Auditor Wants 5% Tax on Oil and Gas—-and Wind

Oklahoma state Auditor Gary Jones has a plan to do something about Oklahoma’s budget problems and it revolves around the number ‘5’. He’s proposing a 5% gross production tax on oil and gas……and on wind production. And he says it’s time there was a moratorium tax credits made by the state. “We need to correct …

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Protester’s Body Left Behind at Dakota Access Site

While workers deal with the cleanup of the trash left by the environmental protesters at the Dakota Access Pipeline in North Dakota, the protesters left something else behind.  A body. The Morton county sheriff announced the body of a California activist was pulled from the Cannonball River where it had been left with all the …

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Correction in Rig Count of Permian Basin

Yes, we made a mistake in reporting the most recent rig count in the Permian Basin. A typographical error showed the Basin with a 123 rig increase when it should have stated an increase of “12” bringing the basin’s total to 331 active oil and gas rigs. A year ago, the Permian Basin had 142 …

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