Congress Sends Permanent Internet Tax Freedom Act to White House

Oklahoma U.S. Senators Jim Inhofe and James Lankford were among those who helped make the first Internet Tax Freedom Act a permanent measure, foregoing the need to renew the ban. Thursday’s vote was 75 to 20 and the measure was sent immediately to Pres…

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Jones Energy Freezes New Drilling in Western Oklahoma and Texas Panhandle

Optimism still abounds at Jones Energy, the Austin, Texas based independent energy company that is active in western Oklahoma and the Texas Panhandle. The company reported 2015 year-end reserves grew despite a nearly 60 percent cut in the company…

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Seventy Seven Energy To Release Financial Results on Wednesday

Oklahoma City-based Seventy Seven Energy Inc. will release its 2015 full year and fourth quarter operational and financial results before the market opens on Wednesday, Feb. 17.
A conference call will also be held to discuss the results later th…

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Kansas and Nebraska Fight EPA Over Vehicle Emissions Model

The states of Kansas and Nebraska presented oral arguments Thursday before a D.C. Circuit panel in their fight against the Environmental Protection Agency’s new vehicle emissions model discouraging the use of ethanol in gasoline. The two states c…

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Invenergy Snares Another Big Electrical Power Deal

Invenergy, the Chicago-based wind energy company with operations throughout Oklahoma announced this week the signing of a 120 MW wind power purchase agreement to provide EM with renewable energy largely from its Gunsight Wind Energy Center locate…

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Black Mountain Gets $150 million Commitment

Fort Worth-based Black Mountain Oil and Gas LLC has announced the closing of a $150 million equity commitment from Natural Gas Partners through NGP Natural Resources, XI, L.P.
“Our partnership with NGP will allow us to evaluate a broad opportuni…

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EPA Administrator Taken to the Wood Shed over WOTUS

In case you missed it! Gina McCarthy, head of the Environmental Protection Agency was taken to the woodshed in a recent appearance before the U.S. House Agriculture committee.
She was scolded and accused of violating federal law in the implemen…

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Supply and Demand Worries Plague Crude Prices on Thursday

Another down day for crude oil which helped pull stock markets lower around the globe. March West Texas Intermediate crude lost $1.24 to settle at $26.21 a barrel on the New York Mercantile Exchange. April Brent crude slipped 78 cents to end trade at $…

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Harold Hamm To Be Inducted into Horatio Alger Association

Continental Resources Founder, Chairman and Chief Executive Officer Harold Hamm can add a new title, inductee to the Horatio Alger Association of Distinguished Americans. Horatio Alger, Jr. was an author who focused on the merits of honest, courage and…

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State Budget Hole Grows—-Oil and Gas Downturn Blamed

State finance officials broke the news Thursday afternoon that the Oklahoma government budget hole will grow to $1.3 billion, not $900 million and certainly not $1.1 billion as some had speculated as the state legislature returned to work. And the down…

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