Oklahoma House Democrats came out this week with their legislative agenda and one thing absent was any reference or mention of energy issues. No mention of oil and gas, drilling, natural gas, fighting eminent domain, the Corporation Commission, or electrical transmission lines. Instead, the Democrats identified other topics of concern. Democratic leader Rep. Cyndi Munson …
Category: Oil & Gas
US crude stocks make big gain in past week
The nation’s crude oil stocks surged in the most reporting period, jumping nearly 9 million barrels. Crude held at Oklahoma’s Cushing Hub declined a small amount. The latest report from the U.S. Energy Information Administration update showed as of January 31, the nation’s total in crude oil was 423.8 million barrels, up 8.7 million …
Legislators take first look at reducing gross production tax on oil
Two of the tax measures to be considered by a state House subcommittee this week deal with energy, including one calling for a reduction in the gross production tax on oil production. Another bill by Rep. Brad Boles, HB1372, would reduce the gross production tax on recovery wells that are on the state corporation …
Gross production revenue grew in January in Oklahoma
State tax revenue from Oklahoma’s oil and gas production saw a gain of more than 6% in January, according to the latest tax receipt report from the State Treasurer. Gross Production Tax revenue totaled $84 million which was a gain of $4.8 million or 6.1% over the previous month. Overall tax receipts for …
Energy briefs
** President Trump wants to increase drilling to lower oil prices, but producers are hesitant. Sources told The Wall Street Journal that White House advisers recognize this and don’t expect the US shale industry to increase output. Corporate leaders have hinted as much in recent earnings commentary, cautioning not to expect a major drilling ramp-up. ** President Donald …
Group wants Governor to put moratorium on green energy in the state
A northern Oklahoma landowners group is calling on Oklahoma Gov. Kevin Stitt to adopt an immediate emergency moratorium on green energy projects in the state. In a letter to the governor, leaders of the Garfield County Conservation Coalition questioned why he is “contrary to President Trump’s stance on so called “green energy.” They openly …
Former CEO named to Interior Department post
The former CEO of the Workforce & Technology COuncil, Leslie Beyer has been appointed to be part of the Trump administration in the job of Assistant Secretary of Land and Minerals Management at the U.S. Department of the Interior. Beyer led the Council from 2014 to 2023 and is considered to have played a …
Crude oil splits while Trump restores oil pressure on Iran
Crude oil benchmarks went different ways at the end of Tuesday’s trading in the middle of the tariff skirmishes ensued by the Trump administration. While tariffs against Mexico and Canada were paused for 30 days, the President resumed his first-term pressure on Iran in yet another effort to drive Iranian oil exports to zero. …
PSO’s fuel costs to get critical review by regulators
Part of Public Service Company’s requests with state regulators that sparked filings against Corporation Commissioner Todd Hiett’s particicpation goes again before the commission this week. Just a few weeks after Hiett and Corporation Commissioner Kim David approved a $119.5 million rate hike that will mean another $12 a month more for ratepayers, they will …
Slow cleanup from southern Colorado gasoline spill
More than a month after 23,000 gallons of gasoline spilled from a southern Colorado pipeline, some Durango families are dealing with the impact on their wells and homes. The pipeline owned by Enterprise Products Partners carried car fuel from Texas through New Mexico and into Colorado. It burst Dec. 5. Click here for Durango …