In an amended call for the second special session of the Oklahoma legislature, Governor Mary Fallin included a proposal to increase the gross production tax on oil and gas and to raise the tax on gasoline and diesel sold at the pump. Her call wants to increase the current 2 percent tax to 4 percent …
WildHorse Resource Development Corporation (NYSE:WRD) announced today that it has been selected for a Department of Energy study alongside the Texas A&M Engineering Experiment Station (TEES) to develop a new field laboratory in the Eagle Ford formation. The team, which has been awarded an $8 million grant from the Department of Energy (DOE) for research …
Oklahoma Attorney General Mike Hunter is pushing ahead with his fight to keep secret a State Auditor’s report on alleged wrongdoing by the Trust that handled buyouts at the Tar Creek Superfund site. In a recent court filing in response to the lawsuit filed by Washington D.C.-based Campaign for Accountability, the attorney general said the …
Oklahoma’s oil and gas drilling rig count at 121 in the past week while the national rig count fell by 3 to reach 936. Baker Hughes Co. and the Red Top Rig Report based in Wichita, Kansas reported new figures. Nationally, the number of oil rigs fell by 5 to reach 747 while the number …
In a test designed to validate advanced drilling technologies, Catoosa Test Facility says it successfully drilled an extended test well to 7,449 feet using Oil Based Mud for a major company. Operators say they normally are not concerned about total depth but the facility was able to test prototype tools of any type downhole, …
With a large presence in Oklahoma, Schlumberger Limited announced fourth quarter revenue of $8.2 billion, an increase of 3 percent. The company said its fourth-quarter pretax operating income was $1.2 billion. Its full-year cash flow from operations totaled $5.7 billion. But the company’s full-year 2017 revenue totaled $30.4 billion which was a 9 percent increase …
A few weeks after OGE sent trucks and crews to be shipped to Puerto Rico for post-Hurricane Maria power restoration, the trucks arrived this week. Word came from OGE by twitter and in the form of two pictures showing the arrival of the trucks by barge. Our #BigOrange trucks just pulled into port in Ponce, Puerto Rico! …
Oklahoma Gas and Electric says it is asking the Oklahoma Corporation Commission to review the company request to receiver a nearly $390 million investment in the Mustang Energy Center. In announcing the move, OGE said it initially planned to seek a rate hike of about $70 million a year to recover its investment in …
EPA Administrator Scott Pruitt’s becoming more and more of a world traveler in his leadership capacity for the Trump administration. Not only is the former Oklahoma Attorney General planning to visit Israel Jan. 26-28 in a trip that’s been highly criticized by his detractors, now Pruitt’s heading to Japan. He’ll make the trip to Japan …
If the commercial commitments for a Keystone XL pipeline are anything, it’s enough for TransCanada to move ahead with the development of the controversial line. The Canadian company said Thursday the commitments represent about 60 percent of the capacity for the line that will carry crude oil from Canada through Montana and South Dakota and …
