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OKC Mayor Cornett Joins Fight Against Wind Rebates
Laying out at least one side of the fight over wind industry rebates opposed by the state’s oil and gas industry, Oklahoma Treasurer Ken Miller discusses the issue he titled “Gone with the Wind” in his monthly Oklahoma Economic Report.
The repor…
“Earth (Quake) Day” Planned at State Capitol by Oil and Gas Protesters
A rally against giving the Oklahoma Corporation Commission the power to enforce rules and regulations over the oil and gas sector is drawing opponents who plan what they call an “809 Rally” later this month at the State Capitol.
Sponsored by the…
Nearly 90 New Jobs Created by State Quality Jobs Program
About 90 more jobs in the state are being created as the State Commerce Department’s giving financial assistance through the Quality Jobs Program to two firms, one in Sapulpa and another in Norman.
Ardagh Glass Inc. in Sapulpa will create 70 jobs thro…
Oklahoma Rebate Program Grows to Help Oil and Gas Industry
More than a year after oil prices plunged from more than $100 a barrel to the $30s, the State Tax Commission says it will pay nearly $158 million in rebates next year to certain operators of what are called “economically at-risk” wells.
Those ar…
USGS Begins Major Rock Study in Upper Midwest
While the U.S. Geological Survey is busy monitoring earthquakes in northern Oklahoma, it is also in the process of beginning a major study to define what minerals lie beneath portions of the upper Midwest.
Scientists are conducting a high-resolution a…
PostRock Energy Corporation Files Bankruptcy
PostRock Energy Corporation announced Friday that it filed for Chapter 11 bankruptcy reorganization to facilitate an orderly sale of substantially all of their assets.
In its bankruptcy filing, Oklahoma City-based PostRock said it had assets ranging b…
Rig Count Losses Grow in U.S. and Oklahoma
More oil and gas rigs were lost in the U.S. and in Oklahoma in the past week, according to figures from Baker Hughes Company and the losses reflect more dramatically the impact of the energy downturn in the nation. Oklahoma lost two more rigs, droppin…
Devon Closes South Texas Operation in Houston
Devon Energy confirms it is closing its Houston area offices, affecting about 60 workers. The move comes about a month after the Oklahoma City-based energy firm announced a cutback of 20 percent of its total workforce. The layoffs in February af…
Hunereds of Millions in $ Handled By DEQ and Water Resources Board
A recently-completed audit of the State government of Oklahoma for 2015 shows we’re talking some serious money handled by the Oklahoma Water Resources Board and the Department of Environmental Quality.
The audit conducted by State Auditor and Inspecto…
Monthly Survey Shows Only Slight Improvement in Regional Economy
A survey of supply managers in Oklahoma and 8 other midwestern states shows only a slight improvement in the regional economies, according to the Mid-American Business Conditions Index compiled by Creighton University economist Ernie Goss. He said desp…