The way some experts look at the tax reform measure introduced in the U.S. House is that oil and natural gas companies might get a better deal than solar companies and buyers of electric cars. Tax rates for most corporations will be cut nearly in half and under the bill, shale drillers and solar panel …
Robust oil production helped Oklahoma City-based Devon Energy add $776 million to its operating cash flow but the company is moving ahead with plans to unload billions of dollars in assets in the coming year. CEO Dave Hager says they’re looking for higher returns for shareholders as they push to meeting a $1 billion …
The economy for Oklahoma and 8 other states that make up the Mid-America Business Conditions Index was so strong in October that it scares economist Ernie Goss. And energy is getting the credit in Oklahoma. “It was a good report but some worries. We economists worry when things become so strong,” said the economics professor …
Oklahoma’s contentious fight between horizontal drillers and those who operate older vertical oil wells is becoming more and more in the political spotlight as well as drawing national attention. First came news that the Oklahoma Energy Producers Alliance, the newly-formed group of vertical well operators planned to launch a petition drive for a vote of …
The State Corporation Commission took action Thursday to reduce operations of two Arbuckle wastewater disposal wells in the area of a recent earthquake swarm in Kingfisher County. Matt Skinner, a spokesman for the Commission indicated the wells were under a directive to reduce volumes by 25 percent, on top of a 40 percent reduction imposed …
Oklahoma Congressman Frank Lucas and others on the U.S. House Science Committee will find themselves with a new chairman in the coming year. Chairman, Rep. Lamar Smith, a Republican from Texas has announced he will not seek re-election and will leave Congress when his term ends in 2018. The 16-term Congressman has been considered something …
Updating the controversial Dakota Access pipeline in South Dakota where dozens of Oklahomans once took part in the protests, one farm family has filed suit claiming the company broke its promise to restore its land after construction. The Slack Family Properties LLC filed suit in South Dakota state court this week and it’s believed to …
The passage of HB 1085x, a revenue raising bill that passed on the floor of the Oklahoma House of Representatives on Wednesday during special session, has evoked a response from the Oklahoma Oil and Gas Association about raising the gross production tax rate on more than 6,600 legacy wells to 7 percent. “With this bill, …
Oklahoma City-based Chesapeake Energy Corporation reports that the U.S. Department of Justice has wrapped up a lengthy three-year probe of its land purchase and mineral royalty payment practices by taking no further action. According to the company’s Form 10-Q filing with the U.S. Securities and Exchange Commission submitted on Thursday, the DOJ informed Chesapeake on …
Oklahoma City-based OGE Energy Corp. reported earnings of $183 million or $0.92 per diluted share for the three months ended September 30, 2017, according to a company press release issued on Thursday. This compares with $184 million or $0.92 per diluted share for the third quarter of 2016. OG&E, a regulated electric utility, contributed earnings of $0.81 per share in the third …
