A quarterly cash distribution of about 32 cents per unit was announced by Oklahoma City-based Enable Midstream Partners, LP. The Board of Directors put the distribution at $0.318 per unit on all outstanding common units for the quarter that ended Dec. 31, 2017. The distribution is the same as the 3rd quarter of 2017. Payment …
February 2018 archive
Tax Hike Opponents Contend Step Up Poll Was One-sided
Saying the recent SoonerPoll that showed Step Up Oklahoma and its tax hike proposals had a majority of support of Oklahoma was one sided, an anti-tax hike group is out with its own polling results. John Collison, President of the group No New Oklahoma Taxes contends most voters feel just the opposite and don’t …
ATT Agrees to Make Wind Power Purchase in Oklahoma and Texas
ATT, the giant telecommunications company is taking advantage of the wind-farm rankings in Oklahoma and Texas and plans to buy 520 Megawatts of power from two farms. Both farms are being constructed by NextEra Energy Resources. One of the farms is Minco V wind project is near Anadarko in Caddo County. ATT will purchase 220 …
Nationwide Rig Count Soars by 29
The oil and gas rig counts in Oklahoma and the U.S. rose in the past week, one in state but 29 nationally. Baker Hughes Company of Houston and the Redtop Rig report of Wichita, Kansas reported an increase in rig activity. Oklahoma rose by one to reach 118. But the national count swelled by …
Former Assessor Speaks Up for Wind Industry
Former Garfield County Assessor Wade Patterson is a strong defender of the current taxing method of wind farms in Oklahoma…ad valorem. He is against any gross production tax on the industry, saying local school districts and counties would be the loser. Speaking this week at a Wind Coalition news conference at the State Capitol, Patterson, …
Tax Revenue Increases Again for State—Gross Production Revenue Leads the Way
With a nearly 84 percent increase in gross production tax revenue on oil and gas from January 2017 to January 2018, monthly gross receipts to the Oklahoma Treasury entered a second year of growth. State Treasurer Ken Miller said the collections in January topped the same month of the prior year by more than 15 …
US Senate Explores Impact of Federal Water Rules on Farming Industry
Oklahoma U.S. Sen. Jim Inhofe made it clear he didn’t appreciate the controversial WOTUS rules drawn up in the Obama administration and eliminated by the Trump administration. During a Senate Environment and Public Works Committee hearing on Thursday, he had an opportunity to question a number of representatives of farm organizations about the impact of …
Corporation Commissioner Says PSO Customers Will See Savings Because of Federal Corporate Tax Cuts
Oklahoma Corporation Commissioner Bob Anthony is praising the move by the commission in recent days to create a $31 million favorable rate adjustment to PSO. The Company had originally applied for a $169 million rate increase but the OCC’s final order determined instead a $111 million increase. The original request was lowered by $31 million …
Energy Firm Drills Without Permission at Union City
A legal fight is brewing between a drilling company and Union City in Canadian County. The flap with S and S Star Operating LLC, a nearly 2-year old Oklahoma City firm, started when the company made a mistake and drilled a wastewater injection well inside the municipal limits without city permission. The Yukon Review reported …
Wind Farm Donates to Volunteer Fire Departments in Southern Oklahoma
One of the biggest wind farm operators in the State of Oklahoma, Enel Green Power North America has donated $65,000 to help first responders in three counties. The funding actually came from Enel Green’s Origin Wind Farm at Hennepin. The emergency response agencies in Murray, Carter and Garvin counties in south central Oklahoma received the …