Author's posts
OKC Office Building Sold to Groendyke Family for $11.5 million
The $11.5 million purchase of a north Oklahoma City office building by Goendyke Oil and Gas Properties LP wasn’t what it appears to be. Turns out the purchase of the Northshore Office Plaza at 10,900 Hefner Pointe Drive was a Groendyke family investment, not one by the Groendyke Transportation Company based in Enid. Company spokesman …
Energy Tax Debate Remains Emotional for All Sides in Oklahoma
One thing is clear about the ongoing debate before the legislature about Oklahoma’s gross production tax against the oil and gas industry….it is an emotional issue on all sides. It pits vertical-well drillers against horizontal well operators in a battle to increase the gross production tax from the current 2 percent to 7 percent. Legislation …
Senators Move to Reauthorize Brownfield Environmental Cleanup Program
An EPA program that helped finance cleanups of Oklahoma City’s Bricktown, a new baseball park in Tulsa and dozens of other sites across the state was the subject of reauthorization efforts by Senators Jim Inhofe and others. Inhofe’s a senior member of the Senate Environment and Public Works Committee. He and others filed the Brownfields …
Legislature Becomes Battle Ground Between Oil and Gas Groups
The state legislature has become the battle ground between the “little guys” and the “big guys” in a fight over gross production tax rates in Oklahoma. Members of the newly-formed Oklahoma Energy Producers Alliance rallied Wednesday morning at the capitol then lobbied legislators to increase the gross production tax on major energy companies. As former …
State’s Oil and Gas Industry Revenue Only Bright Spot in Tax Collections
After two months of a slight surge in gross receipts to the State treasury, they fell below collections made in March of 2016, according to State Treasurer Ken Miller. But he said there was a bright spot and that was the collections from crude oil and natural gas gross production taxes. They were more than …
Newfield Reports Two More Major Wells in Kingfisher County
Newfield Exploration is reporting two more major wells in Kingfisher county, one of the three counties that make up the so-called STACK oil play in the state. Both are producing more than 1,000 barrels of oil a day as indicated in completion reports published by OK Energy Today. The Lucile well, located at 27 17N …
Firm Unloads $400 million in Wind Farms in Oklahoma and other States
Trying to cut its debt, Exelon Corporation, the nation’s largest utility owner is selling nearly half of its interest in a 1,300-megawatt renewable generation portfolio that includes its operations in Oklahoma. John Hancock Life Insurance company is the buyer in the $400 million deal, according to documents on file with the Securities and Exchange Commission. …
Environmental Group Was Warned a Study Critical of Oklahoma Leaders was Based on Outdated Material
An environmental group that claimed in a study it had discovered a “major weakness” in the way Oklahoma protects drinking water from oil and gas wells had been told by state officials their study was based on out-dated data. Matt Skinner, a spokesman for the Oklahoma Corporation Commission explained to OK Energy Today commission officials …
New Natural Gas Pipeline Announced to Handle Permian Basin Growth
As the oil and gas industry worries about a shortage of pipelines to handle the growing production in the Permian Basin, something we wrote about earlier this week at OK Energy Today, Houston based NAmerico Energy Holdings LLC has announced plans to build a 468 mile intrastate natural gas system in West Texas. The 42-inch …
North Dakota Legislators Back Away from Wind vs. Coal Study
While the Oklahoma legislature’s moving ahead with reducing tax credits for the wind industry, North Dakota state legislators have decided to kill a long-term energy study that pitted the wind-energy industry against the coal industry. The North Dakota State House voted this week against such a study as proposed in the State Senate. Those behind …