Declining tax revenue from oil and gas production continues to push total gross receipts revenues down in Oklahoma. Treasury Secretary Todd Russ reported receipts for the last 12 months total $16.96 billion, a decrease of $480 million, or 2.7 percent, when comparing revenue from the previous year. All tax sources in December total $1.41 …
New Mexico’s Gov. Michelle Lujan Grisham wants to fund more payouts for electric vehicles purchases in her state—and how does she proposed to pay for it? By using money generated from taxes on oil and gas revenue. The governor wants to increase general fund spending by 10% to strengthen housing opportunities, childhood literacy and …
Heading into the past weekend, gasoline prices were down from 7 to 9 cents a gallon on average in Oklahoma City and Tulsa. AAA reported the national average for a gallon of gas dipped slightly by four cents since last week to $3.08. One reason could be lower demand, as fewer people are fueling …
\ While Oklahoma wrestles with the possible idea of Right of First Refusal for utilities planning major transmission line projects, the Southwest Power Pool is examining what has become a controversial issue. SPP said it is accepting applications to create a pool of industry experts. These experts may be chosen to serve on an …
The number of active oil and gas rigs across the U.S. declined by one to 621 rigs while Oklahoma’s numbers remained unchanged, according to a release by Baker Hughes Co. on Friday. The US count saw an addition of one oil rig for a total of 501 while the number of gas-drilling rigs declined …
