November 2017 archive

Oklahoma’s Getting Only One More Tesla Supercharger

As Tesla moves ahead with plans to have nearly 10,000 high-speed Supercharger electric car chargers in place across the U.S. by the end of the year, it’s only adding one more to those existing in Oklahoma. Henryetta is to get one according to the Tesla website while the state has only five others that already …

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House Democrats Accuse Pruitt of Rewarding Polluters With His New EPA Order

  EPA Chief Scott Pruitt’s latest fight with Democrats in the U.S. Senate and House concerns his recent edict that bans scientists who get EPA grants from serving on the agency’s scientific advisory panels. Six senior House Democrats who sit on the Science and Energy and Commerce Committee wrote him a letter in recent days, …

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Still Fighting Over Dakota Access Oil Pipeline

The Native Americans who put up a fight against construction of the Dakota Access oil pipeline in North Dakota aren’t giving up and neither is the builder of the line. Energy Transfer Partners based in Dallas and the U.S. Army Corps of Engineers have filed separate documents in Washington, D.C. federal court opposing plans by …

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Indicted Texas Oilman Was a No-Show in Kansas Lawsuit

When Texas oilman Stan Bates failed to show for a court case in Overland Park, Kansas in the past week, the Judge entered a nearly $650,000 against his Bates Energy Oil and Gas Company that had been sued in a breach of lease contract. Bates, indicated earlier in the year along with Texas state Sen. …

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Rep. Mullin says Relief from Burdensome Tax Code is On the Way

Here is how Oklahoma U.S. Rep. Markwayne Mullin looks at the tax reform plan put forth by President Trump and the GOP leadership.     By Congressman Markwayne Mullin I remember what it was like to earn my first paycheck.  I spent all month putting in hours to earn a decent wage.  When pay day …

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Oil and Gas Tax Revenue Increased Again in October

With revenue from gross production taxes on oil and natural gas totaling $52 million in October, state receipts to the Oklahoma Treasury were up more than 10 percent compared to October 2016. Treasurer Ken Miller says it was the first double-digit growth in four and a half years and marks the ninth time since the …

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Former Legislators Get Top USDA Jobs in Oklahoma

When Chickasha Rep. Scott Biggs announced his immediate resignation last week from the State House, he said it was to take a federal job. Over the weekend, U.S. Sens. James Lankford and Jim Inhofe announced which job it was. Biggs was named the Oklahoma state director of the USDA Farm Services Agency. At the same …

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Baker Hughes Rig Count: U.S. Down by 11, Oklahoma Loses 8 Active Rigs

The latest weekly oil and gas rig count revealed steep declines for Oklahoma and the nation, according to Houston-based Baker Hughes Company. The U.S. rig count dropped by 11 to reach 898. Despite this setback, the nation is up 329 from a year ago when it had 569 working rigs. Oklahoma’s count fell by eight …

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WTI Surges Above $55, Brent Crude Reaches $62 a Barrel on Friday

Crude oil futures had another strong end of week rally on Friday, with U.S. and global benchmark prices reaching their highest settlements in more than two years, according to Bloomberg MarketWatch. December West Texas Intermediate crude oil climbed $1.10, or 2%, to settle at $55.64 a barrel on the New York Mercantile Exchange, marking its highest …

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Sluggish Oil Market Blamed for Shutdown of 29 Dairy Queen Stores

A sluggish oil market is being blamed in part for a Texas company to announce the closing of 29 Dairy Queen Stores in Texas, New Mexico and Oklahoma. In Texas, the DQ sign is called the “Texas Stop Sign” but Irving-based Vasari LLC said the oil market plus the financial effects of Hurricane Harvey have …

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