October 2017 archive

Sierra Club Still Calls for Higher Oil and Gas Taxes

The Oklahoma Sierra Club has not given up in its campaign to boost the gross production tax on oil and gas. “Tell lawmakers to make oil and gas pay their fair share and stop holding our future hostage!” wrote Johnson Bridgwater, Director of the Oklahoma Chapter of the Sierra Club in a recent newsletter. “Oklahoma …

Continue reading »

Chaparral Announces $170 million Assets Sale as It Focuses Purely on STACK

A $170 million cash sale of holdings in the North Burbank and Texas Panhandle has been announced by Oklahoma City-based Chaparral Energy, Inc. The company said the sale also included certain contingent payments but it did not reveal the identity of the buyer. “The sale of these assets marks a major milestone in the transition …

Continue reading »

Oil and Gas Rig Counts Slip in Oklahoma and the Nation

Figures from Baker Hughes Co. and the Independent Oil and Gas Service indicate a nationwide drop of at least 8 units in the latest weekly oil and gas rig count. Oklahoma’s count fell by 3 rigs in the past week to reach 124 still seeking new energy. The two rig accounting firms reported a total …

Continue reading »

Ponca City Legislator Asks for Support of Fuel Tax Hike

If the Republican leadership in the Oklahoma legislature gets its way, motorists in Oklahoma will be paying higher motor fuel taxes. Rep. Steve Vaughan of Ponca City chairs the House Transportation Committee and wants the support of voters in raising the tax on gasoline and diesel fuel by 6 cents a gallon. “At 23 cents …

Continue reading »

Legislators Still Negotiating a Budget Deal

  Still no deal in the Oklahoma legislature as the special session continues with legislative leaders and Gov. Mary Fallin in talks with hopes of reaching an agreement to resolve the $215 million budget hole. At last word, House Floor Leader Jon Echols indicated legislators were told to prepare to return for work on Oct. …

Continue reading »

Fossil Fuel Producer Partners With Clean Energy Producer to Roll Out EV Charging Stations

A leading global oil and natural gas producer, will purchase a top European operator of electric vehicle charging stations in an effort to roll out the technology at its service stations, according to a report in The Hill. Royal Dutch Shell announced Thursday that that it would purchase Netherlands-based NewMotion, which has produced more than 30,000 private charging …

Continue reading »

BLM Sued to Invalidate Nine Colorado Oil and Gas Leases in Favor of Gunnison Sage Grouse

A Colorado lawsuit filed in Denver federal court on Tuesday alleges the U.S. Bureau of Land Management failed to consult with wildlife managers and complete endangered species reviews before selling leases in March, according to a report by The Associated Press. The lawsuit — filed by San Miguel County, Rocky Mountain Wild, San Juan Citizens …

Continue reading »

State Water Resources Board Grants Sardis Permit to Oklahoma City

By a vote of 6-1, the Oklahoma Water Resources Board voted Tuesday to grant a permit to Oklahoma City to transfer water from the Sardis Lake reservoir in southeastern Oklahoma, according to a report by The Oklahoman. The single vote against granting the permit came from a board member who resides in southeastern Oklahoma. OK …

Continue reading »

Williams to Announce Third Quarter 2017 Results on November 1

Tulsa-based Williams and Williams Partners plan to announce their third-quarter 2017 earnings on Wednesday, November 1, 2017. The company and the partnership will host a joint Q&A live webcast on Thursday, November 2 at 8:30 a.m. CST. A limited number of phone lines will be available at (877) 830-2641. The conference ID is 8089866. The …

Continue reading »

Williams to Process Gas for Southwestern Energy, Expand Oak Grove Plant

Tulsa’s Williams Partners L.P. announced an agreement with Houston-based Southwestern Energy Company to expand its services in the Appalachian Basin of West Virginia where Williams has established a strong operational footprint, according to a company press release issued on Thursday. The agreement allows Williams to deliver gas processing, fractionation and liquids handling services in Southwestern’s …

Continue reading »