Author's posts
Two Legislators Argued It’s time to Stop Propping up Oil and Gas in Oklahoma
The passage of the bill creating a $12.5 million cap on tax credits for at-risk oil and gas wells in Oklahoma by the State House didn’t come without some opposition. Although the 93-2 passage didn’t appear to offer much opposition, two Representatives, Cory Williams, a Democrat from Stillwater and Mike Brown, a Democrat from Tahlequah …
Albuquerque Considers Pledge of 25% Electricity from Solar Power
The City of Albuquerque, New Mexico is considering a move to joint other communities in setting goals to acquire more electricity from renewable resources including solar production. The City council voted recently to delay a decision for two weeks on a resolution to get at least 25 percent of the electricity from solar …
SandRidge Uses Bankruptcy to Fight Conspiracy Lawsuit in Duncan
An attorney who filed a class-action lawsuit in southern Oklahoma accusing SandRidge Energy of the same kind of conspiracy allegations leveled in federal lawsuits does not believe the company’s Chapter 11 bankruptcy will affect his suit. Attorney Jim Sill responded after SandRidge attorneys filed a stay for the suit in Stephens county, according to a …
Houston Firm with Western Oklahoma Holdings Experiences $29 million Quarterly Loss
Another Texas-based exploration and production company with deep interests in Oklahoma reports it experienced a net loss of $29 million in the first quarter of the year. EV Energy Partners, L.P. based in Houston says the loss figured to $0.58 per basic and diluted weighted average limited partner unit. The adjusted earnings before taxes …
Record Holiday Travel Predicted by AAA
The American Automobile Association predicts the nation’s Memorial Day travel this year will be the heaviest in eleven years. More than 38 million are expected to travel and that is the second-highest number on record. AAA Oklahoma indicated the high volume of travel is spurred by the lowest gasoline prices in more than a decade. …
Waiting Game for Continental Resources in the Bakken
It’s all about profit when it comes to drilling for oil and natural gas and producing it. Ask any of the energy producers who have gone to Chapter 11 reorganization bankruptcy. It’s also how the big companies continue to exist—making sure there is profit when a well is completed and starts producing. A report …
EPA Wants Increase in Renewable Fuels Standards for 2017
The U.S. Environmental Protection Agency wants to boost renewable fuels standards for 2017, increasing the amount of corn-based ethanol and biofuels that fuel producers will have to mix into diesel and gasoline. Under the standards announced this week, the EPA wants 18.8 billion gallons to be blended into the nation’s fuel supply next year which …
Aeronautics Commission Education Program Deadline May 31
Oklahoma’s Aeronautics Commission is preparing to wrap up its application acceptance for FY 17 Aviation Education Program. Sandra Shelton with the Commission says the deadline for teachers and others to apply is May 31. The funding is part of more than $200,000 provided by the agency in the coming 12 months to programs statewide aimed …
Man Pleads Guilty in 5-State Cooking Oil Theft Ring
It was a southwest Missouri case involving the theft of oil, but not the kind of oil that comes out of the ground. The last of the men arrested in a more than $5 million cooking oil theft ring has pleaded guilty in Joplin, Missouri, admitting he stole used cooking oil from restaurants and sold …
Ethanol Production in the U.S. Drops Again
Another down week for ethanol production in the U.S. as the U.S. Energy Information Administration reports production was down 14,000 barrels a day from the previous week. The production ending May 13 averaged 948,000 barrels a day or 39.82 million gallons. The four-week average for ethanol production stood at 940,000 barrels a day which translates …