Author's posts
Gary England Bridge Proclaimed Near Seiling by Governor Mary Fallin
With the stroke of her pen, Oklahoma Gov. Mary Fallin signed a bill into law on Monday proclaiming a bridge over the North Canadian River near Seiling to be the “Meteorologist Gary England Bridge.” The bridge spans the river on U.S. Highway 60 north of the hometown of England who later went on to …
Tax Rebate Program for At-Risk Oil Wells Cut with Governor’s Signature
The measure cutting Oklahoma’s tax credit for at-risk oil wells to $12,500,000 a year was signed into law Monday by Gov. Mary Fallin. Senate Bill 1577 was sent to her last week after the legislature debated its merits. The cost-cutting move came after experts decided that falling energy prices might increase the credit to …
Enid Considering Sales Tax to Finance Kaw Lake Water Pipeline
The city of Enid is considering a possible election to allow voters to decide on a sales tax hike to fund a Kaw Lake water pipeline project. City Commissioners might ask voters to create a new 1/4 percent tax to pick up where a quarter percent tax funding capital improvements will end in March 2018. …
Oklahoma Gasoline Averages $2.13 a gallon, but Texas Flooding Might Affect Prices
Gasoline prices in Oklahoma continue holding at an average of $2.13 a gallon, according to the latest price survey from AAA Oklahoma. It is the same price as one week ago. Nationally, the average is $2.36 a gallon a increase of four cents a gallon since last week’s Memorial Day Holiday. “The state average has …
Chevron Still Fighting Superfund Cleanup at Abandoned Mine near Red River, N.M.
Chevron USA is still fighting the Environmental Protection Agency, contending that the Federal government should pay some of the cleanup costs at the Superfund site that once was the company’s Questa Mine in northern New Mexico. The company made recent arguments to the U.S. 10th Circuit court of Appeals in Denver, hoping to revive its …
Energy Bill in Doubt as Politics Grows
Unless Oklahoma congressman Markwayne Mullin and 39 others named to serve on a joint House-Senate committee negotiating a final Energy Bill agree to Democrats demands, the prospect of the first major energy bill in nearly a decade could be quickly fading. Rep. Mullin was named recently to help negotiate differences in what the U.S. Senate …
Oregon Town Still Cleaning up After Oil Tanker Derailment and Fire
Union Pacific Railroad investigators blame track failure as the cause of last week’s fiery oil tanker derailment in Oregon. The railroad company inspects the tracks that run through Mosier, Oregon at least twice a week and the most recent inspection was on May 31 prior to the crash that forced the evacuation of nearly 100 …
Mewbourne Oil Starts $6 million Office Expansion
Amidst the energy downturn, a Tyler,Texas company is investing more than $6 million in new headquarters in the Permian Basin. Mewbourne Oil has started construction on a 32,000-square-foot office in Hobbs, New Mexico. The Hobbs News-Sun quotes Mewbourne Oil President Ken Waits as saying the existing offices in the eastern New Mexico city are old …
Oil and Gas Tax Collections Rebound Slightly While State’s Overall Collections Hit 6-year Low
Oklahoma State Treasurer Ken Miller announced Monday that the monthly gross receipts reached a six-year low for the month of May while oil and natural gas gross production collections finally rose slightly over the month. But Miller also said all major revenue streams, income, sales, gross production, and motor vehicle taxes are lower than May …
WPX Offers $485 million in Common Stock
Tulsa’s WPX Energy has priced a public offering of 49,500,000 shares of its common stock of nearly $485 million. In making the announcement, the company said it will use the net proceeds from the offering for general corporate purposes which might include an acceleration of drilling and completion activities as well as acreage acquisitions and …