Oklahoma Corporation Commissioners will get an update Thursday morning on federal funding for orphaned well site plugging operations. In their 9:30 a.m. meeting, the regulators will get the update from the agency’s Oil and Gas Conservation Division regarding funding under the federal Infrastructure Investment and Jobs Act. Commissioners will also consider and take a …
May 4, 2022 archive
Continental Resources loses court fight over $2.4 million in overbilling
The Oklahoma Supreme Court ruled against Continental Resources Inc. this week in a lawsuit in which the Oklahoma City-based oil and gas company alleged it had been overbilled $2.4 million by a North Dakota oilfield company. Continental’s lawsuit was against Wolla Oilfield Services, LLC, a North Dakota limited liability company that operates as a …
More energy headlines
** According to the most recent results from the Residential Energy Consumption Survey (RECS), 56% of U.S. homes used at least one internet streaming device with a TV in 2020—an increase from 29% in 2015. An equal percentage of U.S. homes, 56%, used at least one set-top box with a TV in 2020, which is a decline from …
Oklahoma tax collections hit record level in April but oil and gas figures declined
Oklahoma Treasurer Randy McDaniel announced gross receipts to the Treasury in April surged to a record high driven by income tax payments, but gross production taxes on oil and natural gas decreased. Revenue from gross production taxes totaled $132.1 million, a decrease of $1.6 million or 1.2%. Despite the decline for April, collections generated $1.36 …
- 1
- 2
