August 2016 archive

State’s Tax Credit Review Commission Meets Wednesday at State Capitol

The special state commission tasked with reviewing the dozens of tax credit programs including those involving wind and oil and gas energy in the state meets again this week. The Incentive Evaluation Commission chaired by Lyle Roggow will meet Wednesday at 2 p.m. in Room 419-C of the Stat Capitol building. The agenda shows there will …

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Big Electric Purchase Made in Texas

A deal worth $18.4 billion—it’s the purchase of the financially troubled Energy Future in Texas and its take in Oncor Electricity. Power producer NextEra Energy is making the purchase in a move that will allow Energy Future to emerge from the Chapter 11 bankruptcy it filed in Delaware bankruptcy court. Energy Future is the largest …

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Unmanned Systems Alliance Summit to be Held in Norman

The 2016 Unmanned Systems Alliance of Oklahoma summit is set to be held August 8 in Norman. The summit and networking event will include a presentation and panel discussing and exploring the new issues of aviation law and regulations, privacy and security concerns and the federal preemption and state authority over unmanned aerial systems or …

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Survey Shows Oklahoma’s Economic Slump is Growing

The latest Mid-American Business Conditions Index released by Creighton University economist Ernie Goss shows his concern for what’s happened to the economy in Oklahoma and several other mid-western states. Figures from his survey of supply managers in Oklahoma and 8 other states dropped again, suggesting either slow or no growth in their economies. His Index …

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Will New Government Application Plan Solve Permit Issues in Osage County?

Whether it will result in a speedup of drilling requests in Oklahoma’s Osage County is a question that remains to be seen, but the government says it will adopt plans to reduce delays in permitting oil and gas drilling on federal and Indian lands. Technically, all of Osage County is considered to be under the control …

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Historic Low Quarterly Earnings Report at Exxon Mobil

It’s been 17  years since Exxon Mobil Corp has seen a quarterly report as weak as the one it just reported for the second quarter of 2016.  The company earned $1.7 billion but the earnings were down 59 percent from a year ago as Chairman and CEO Rex Tillerson said the results “reflect a volatile …

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Some in Congress Worry about Re-Listing Efforts for Prairie Chicken

Just when some Oklahoma energy producers thought they might not have to deal with federal rules and regulations covering the lesser prairie-chicken, now there’s word the government might re-list the animal under the Endangered Species Act. Oklahoma U.S. Reps. Frank Lucas, Tom Cole and Markwayne Mullin are among 14 who recently wrote U.S. Fish and …

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