Inhofe Challenges President’s Water Budget Proposal

President Obama’s budget proposal to increase funding for loans and grants from the U.S. Environmental Protection Agency is running into criticism and opposition by Oklahoma U.S. Senator Jim Inhofe.
As chairman of the Senate Environment and Publ…

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Thieves Active in the Oil Patch

Low oil and natural gas prices aren’t the only things that energy workers have to focus on these days. How about criminals. The Canadian County Sheriff’s office, in a weekly crime report called Wise Eyes referred to numerous thefts in the oil pa…

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Crude Prices Fall on Friday, Remain Above $30

Crude prices ended the week on a down note Friday but managed to stay above the $30 mark. March West Texas Intermediate crude lost 83 cents to end trade at $30.89 a barrel on the New York Mercantile Exchange. April Brent crude on the London ICE Futures…

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State Treasury Takes Another Hit from Oil and Gas Downturn

It is just one round of bad energy news after another in Oklahoma as Oklahoma Treasurer Ken Miller announced on Friday that monthly gross receipts to the Treasury in January took their largest plunge in more than five years, mostly because of the oil a…

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State Treasury Takes Another Hit from Oil and Gas Downturn

It is just one round of bad energy news after another in Oklahoma as Oklahoma Treasurer Ken Miller announced on Friday that monthly gross receipts to the Treasury in January took their largest plunge in more than five years, mostly because of the oil a…

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Energy Agencies Among Those Who Did Not “Freeze” Salaries in 2015

The 2015 hiring and salary freeze announced by Governor Mary Fallin wasn’t the kind of freeze most Oklahomans think of when considering state government. Turns out, thousands of state workers still got pay raises that totaled millions of dollars and st…

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New President Named at Holly Logistic Services

Holly Energy Partners, L.P., the firm with oil refineries in Tulsa, Oklahoma has announced the appointment of Mark A. Plake as President of Holly Logistic Services, LLC effective Feb. 15, 2016.
He will resign as President of HLS on that same dat…

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Worldwide Rig Counts Drop in Downturn

The U.S. oil and natural rig count isn’t the only sector seeing a drop. So is the international count for January 2016, according to Baker Hughes Incorporated of Houston, Texas. The count was 1,045, down 50 from the 1,095 counted in December 2015…

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Nabors Industries Hit with Fitch Ratings Downgrade

Another energy company with big Oklahoma ties is facing its share of economic problems. Nabors Industries, Ltd., with offices in Oklahoma City and Woodward, is being downgraded by Fitch ratings on its Long-term Issuer Defaulting Rating from ‘BBB’…

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Oil Tax Said to be ‘Dead on Arrival’

President Obama wants to take another swing against the U.S. oil and gas industry by imposing a $10 fee on every barrel of domestic oil produced in the country. As The Oklahoman’s Chris Casteel reported on Friday, it will be part of the President…

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