Two of the tax measures to be considered by a state House subcommittee this week deal with energy, including one calling for a reduction in the gross production tax on oil production. Another bill by Rep. Brad Boles, HB1372, would reduce the gross production tax on recovery wells that are on the state corporation …
State tax revenue from Oklahoma’s oil and gas production saw a gain of more than 6% in January, according to the latest tax receipt report from the State Treasurer. Gross Production Tax revenue totaled $84 million which was a gain of $4.8 million or 6.1% over the previous month. Overall tax receipts for …
** President Trump wants to increase drilling to lower oil prices, but producers are hesitant. Sources told The Wall Street Journal that White House advisers recognize this and don’t expect the US shale industry to increase output. Corporate leaders have hinted as much in recent earnings commentary, cautioning not to expect a major drilling ramp-up. ** President Donald …
A northern Oklahoma landowners group is calling on Oklahoma Gov. Kevin Stitt to adopt an immediate emergency moratorium on green energy projects in the state. In a letter to the governor, leaders of the Garfield County Conservation Coalition questioned why he is “contrary to President Trump’s stance on so called “green energy.” They openly …
A South Texas electric cooperative received more than $1 billion from the USDA to switch its electrical power production to battery and solar energy. The San Miguel Electric Cooperative received $1.4 billion investment to power 47 counties using renewable energy. The Agriculture Department said the wind and solar power production will have the environmental …
The former CEO of the Workforce & Technology COuncil, Leslie Beyer has been appointed to be part of the Trump administration in the job of Assistant Secretary of Land and Minerals Management at the U.S. Department of the Interior. Beyer led the Council from 2014 to 2023 and is considered to have played a …
Rep. Mike Dobrinski, R-Okeene led approval Tuesday of a measure in committee to expand a program to eradicate harmful trees and shrubs in certain watersheds statewide. House Bill 2162 would create the Terry Peach Watershed Restoration Act. The act would build on House Bill 2239 enacted in 2023, which created a pilot program focused on the North …
Crude oil benchmarks went different ways at the end of Tuesday’s trading in the middle of the tariff skirmishes ensued by the Trump administration. While tariffs against Mexico and Canada were paused for 30 days, the President resumed his first-term pressure on Iran in yet another effort to drive Iranian oil exports to zero. …
Part of Public Service Company’s requests with state regulators that sparked filings against Corporation Commissioner Todd Hiett’s particicpation goes again before the commission this week. Just a few weeks after Hiett and Corporation Commissioner Kim David approved a $119.5 million rate hike that will mean another $12 a month more for ratepayers, they will …
Oklahoma landowners fighting transmission lines, solar and wind farms and eminent domain are part of what appears to be a growing movement across the nation. Take for example Washington state where farmers in one county are fighting a transmission line. They live in Grant County and learned that it’s easier for the local utility …
