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NARO Convention to Feature Earthquakes, Oklahoma History and Legislative Update
The 2017 OK NARO convention is set to begin in about a week in Norman. Jay Freede with the Oklahoma chapter of the National Association of Royalty Owners said the event will begin with a social gathering Wednesday evening on April 19 at Devon Tower’s Vast Restaurant. But the rest of the events will be …
Importance of Gross Production Tax on Oil and Gas in Oklahoma
State Treasurer Ken Miller devotes most of his April Oklahoma Economic Report on the gross production tax and the impact of the rates as well as the energy downturn. “In the past five years, the effective tax rate on Oklahoma crude oil and natural gas gross production has been cut in half,” started Miller. His …
Fracking Fight Moves to Montana Legislature
Advancing in the Montana legislature…a bill to make oil and gas developers justify and get state approval in order to keep secret the chemicals used in hydraulic fracturing. Under the bill, companies have to submit their requests for confidentiality and a $25 feet to the Montana Oil and Gas Conservation Board. It would not be …
Pruitt Keeps Busy Meeting Governors and Others
As Politico’s Morning Energy reports, EPA Administrator and former Oklahoma Attorney General Scott Pruitt’s had face-to-face meetings with 17 governors, state and regional environmental officials and five congressional lawmakers. The five in congress are Rep. Lamar Smith who chairs the U.S. House Science Committee, Rep. David McKinley and Sens. Shelley Moore Capito, Luther Strange and …
Coal Industry in Talks for A New Coal Plant
President Trump’s recent move to roll back clilmate regulations on fossil fuels has prompted the American Coalition for Clean Coal Electricity to start talks about building a new coal plant somewhere in the U.S. Paul Bailey, ACCCE’s President and CEO said the talks are being held with an “unnamed state’s governor and lawmakers” about …
Auditor Wants 5% Tax on Oil and Gas—-and Wind
Oklahoma state Auditor Gary Jones has a plan to do something about Oklahoma’s budget problems and it revolves around the number ‘5’. He’s proposing a 5% gross production tax on oil and gas……and on wind production. And he says it’s time there was a moratorium tax credits made by the state. “We need to correct …
Protester’s Body Left Behind at Dakota Access Site
While workers deal with the cleanup of the trash left by the environmental protesters at the Dakota Access Pipeline in North Dakota, the protesters left something else behind. A body. The Morton county sheriff announced the body of a California activist was pulled from the Cannonball River where it had been left with all the …
Correction in Rig Count of Permian Basin
Yes, we made a mistake in reporting the most recent rig count in the Permian Basin. A typographical error showed the Basin with a 123 rig increase when it should have stated an increase of “12” bringing the basin’s total to 331 active oil and gas rigs. A year ago, the Permian Basin had 142 …
Continental Resources Reports Latest Big STACK Well
One of the latest big wells to be reported in Oklahoma’s STACK is producing more than 1,000 barrels of oil a day. Continental Resources Inc. reports the Herod Fiu well, located at 8 16N 12W in Blaine county has daily production of 1,126 barrels of oil daily along with 4,688 Mcf of natural gas. The …
Environmentalists Wait on Justice Gorsuch’s Rulings
He’s now Justice Neil Gorsuch. He was sworn into office Monday morning after winning Senate confirmation last week. Now the environmentalists are assessing how he might handle cases involving the climate and environmental concerns. “It’s not going to change a whole lot in the short term,” Joanne Spalding, chief climate counsel for the Sierra Club, …