State Oil and Gas Revenues Plummeted in February—-98 percent Drop for Oil Tax Collections

Just how much the energy downturn has affected state government revenue is reflected again in the latest figures released by the Oklahoma Office of Management and Enterprise Services which show February gross production tax collections were down more t…

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Chesapeake Energy Drops Request to Move Royalty Lawsuit Trials from Ft. Worth to Houston

Oklahoma City-based Chesapeake Energy lawyers have decided to drop their request to move trials over claims it cheated thousands of landowners out of royalties. Attorneys had asked Tarrant County judge Dana Womack to move the first ten trials fro…

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BP Wins Ruling by Federal Judge in New Orleans

BP will not have to pay for the economic losses suffered by other businesses when the federal government shut down deep-water drilling in the wake of the company’s huge 2010 oil spill, according to U.S. District Judge Carl Barbier in New Orleans….

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Wall Street Journal Offers Praise to Sen. Inhofe on Flint Water Agreement

U.S. Senator Jim Inhofe draws praise from the editors of the Wall Street Journal for negotiating a deal to help bring about a settlement to help residents of Flint, Michigan with their lead-contaminated water.
“Oklahoma Republican Jim Inhofe deserves …

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Effort to Repeal New State Law on Energy Drilling in City Limits Dies in House

An effort by Rep. Richard Morrissette to repeal the State’s new law prohibiting cities and towns and counties from banning certain oil and gas activity is apparently dead for this session of the Oklahoma legislature.
He amended HB 1802, a measur…

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Details about Aubrey McClendon’s Financial Problems Unveiled by Reuters

An investigation by Reuters has revealed the deep financial problems faced by former Chesapeake Energy CEO Aubrey McClendon when he was killed in the crash of his SUV earlier in March.
The news wire service says the night before his death, McClendon m…

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Lankford Raises EPA Overreach in Senate Floor Speech

That old ‘bugagoo’ called ‘overreach’ by critics of the Environmental Protection Agency made its way into a speech by Oklahoma U.S. Senator James Lankford this week.
But instead of talking so much about the EPA and its fingers spreading into most aspe…

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Police Report shows Aubrey McClendon was Traveling Nearly 90 miles an Hour Before Fatal Crash

“There was no brakage,” declared Oklahoma City police chief Bill Citty in releasing the police traffic investigation report into the March 2 death of energy exploration leader Aubrey McClendon, the former CEO of Chesapeake Energy.
He was commenting as…

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New Power Line Project Announced for Western Oklahoma

AEP Oklahoma Transmission Company has announced plans to start construction soon on a $120 million transmission power line in western Oklahoma. AEP is an affiliate of Public Service Company of Oklahoma and will build the 60-mile long 3456-kilovolt line…

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Williams to Begin Pipeline Expansion for Florida Customers

Tulsa based Williams Partners L.P. says it plans to begin construction soon on the Hillabee Expansion Project to increase growing needs for more natural gas in Florida. Work will get underway in May on the first phase that shoujld be completed a…

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