While Oklahoma and other states have imposed fees on electric vehicle operators in order to get their fair share of highway construction and maintenance, Texas did not this year. The new tax was expected but legislators failed to follow through on the idea and now there are reports such an EV tax might be …
June 2021 archive
Energy news in brief
** U.S. gasoline stockpiles have jumped to the highest in three-months, while a measure of demand fell to a three-month low, according to a government report published Wednesday. ** The U.S. Energy Information Administration forecasted West Texas Intermediate crude prices for the rest of the year will be at an average of $61.85 a barrel, up …
Produced water session to be presented Friday
The Oklahoma Water Resources Center will hold a second session on Friday of its Produced Water Treatment and Reuse Seminar series. The largest volume by-product of oil and gas production is produced water. The average oil well in the U.S. produces over 9 barrels of water per barrel of oil. The Friday session will begin …
Former SandRidge Energy tower renamed
Once home to SandRidge Energy, the company’s former headquarters tower in downtown Oklahoma City has been officially renamed the “Strata Tower at Oklahoma Commons.” Located at 123 Robert S. Kerr Avenue, the 30-story building is now home to about 1,200 state employees after SandRidge went bankrupt and sold it to the state. The renaming …
Oil recovery boosts New Mexico’s revenues
New Mexico’s oil production is recovering from the pandemic despite fewer oil rigs according to state officials who said this week revenues are tracking ahead of forecasts by nearly $350 million. A state official who testified before a legislative committee this week indicated overall gross receipts tax collections are still down compared with fiscal …
New Mexico stream access fight attracts US Senator
The long-running dispute in New Mexico over public access to rivers and streams that flow through private property has attracted the attention of Democratic U.S Sen. Martin Heinrich. He’s opposed to a 3-year old state Game Commission rule that gives landowners the ability to petition state officials to certify the waters on private property …
Keystone XL pipeline is officially dead
This week’s decision by TC Energy to officially pull out of development of the Keystone XL oil sands pipeline drew quick responses from Oklahomans in congress and others who supported the project. The abandonment left the Keystone officially dead and in the obituary columns. Oklahoma U.S. Rep. Markwayne Mullin immediately tweeted his reaction. Markwayne …
Inhofe blasts Biden reversal of Trump water rule
The Biden administration’s EPA decision this week to reverse the 2020 Navigable Waters Protection Rule drawn up by the Trump administration drew a rebuke from Oklahoma U.S. Sen. Jim Inhofe. The senior member of the Senate Environment and Public Works Committee was a supporter of the rule that replaced the illegal Obama-era Waters of …
$2 billion Devon note exchange completed
Devon Energy says it finished a nearly $2 billion offer to exchange notes of WPX Energy Inc., the Tulsa firm that merged with Devon earlier this year. In a filing with the Securities Exchange Commission, Devon stated it exchanged approximately $1.96 billion or 97.45% of the WPX notes that were outstanding. The WPX notes …
Oklahoma ports of entry produce revenue
Violations by truckers entering Oklahoma brought in more than $900,000 in revenue for the state Corporation Commission during the month of April. Commissioners were told this week that the Motor Carrier Division issued nearly 4,500 citations to drivers who stopped at weigh stations and ports of entry. Oklahoma has four ports of entry and …