Oklahoma Governor Mary Fallin announced this week the appointment of James Denton to the Incentive Evaluation Commission, an eight-member commission that will study the state’s tax incentives.
Denton is from Edmond and is an auditor with a private aud…
Category: General
New Member to Help Study Oklahoma’s Tax Incentives
Bill to Eliminate Daylight Savings Time in Oklahoma Wins Committee Support
If the state were really to move in that direction of eliminating the Daylight Savings Time program, it would obviously affect any resident of the state. But judging by the indications from a State House committee that passed HB 2557 by Rep. Harold Wri…
Harold Hamm Not Ready to Say Who He’ll Support in GOP Presidential Race
Don’t expect Oklahoma billionaire oilman Harold Hamm to spill the beans about who he’s supporting in the Presidential campaign. As Politico’s Morning Energy Report revealed Thursday, Hamm, the chairman and founder of Continental Resources based in Okl…
Legislators Still Rewriting Pipeline Eminent Domain Bill
When the Oklahoma House Judiciary Committee passed Rep. Lee Denney’s pipeline eminent domain bill this week, it wasn’t exactly smooth sailing for the Cushing Republican. She explained it was a short and simple bill giving more protection to landowners …
Beltway Out of Touch Over Lost Energy Jobs?
As layoffs in Oklahoma’s energy sector grow weekly, is the story being heard in Washington D.C.’s Beltway? U.S. Senator James Lankford says it is among those like him who represent oil and natural gas states.
“I would disagree with those affect…
WTI Slips Below $28 a Barrel on Wednesday
Despite a dip in crude supplies, West Texas Intermediate crude dropped below $28 while Brent managed to make gains Wednesday. March WTI lost 49 cents to end trade at $27.45 a barrel on the New York Mercantile Exchange. April Brent crude added 52 cents …
Continental Resources Proved Reserves Dip in 2015
Continental Resources reported Wednesday it has proved reserves of 1.23 billion barrels of oil equivalent (Boe) as of the end of the year. That compares to 1.35 billion Boe at the end of 2014. The 2015 year end reserves were 57 percent crude oil, 87 pe…
NGL Energy Partners Reports Quarterly Profit
NGL Energy Partners reported its fiscal third quarter net income of $29.6 million dollars compared to a net loss of $5.3 million for the same period the previous year. Adjusted EBITDA did slow for the Tulsa based company. For the fiscal third quarter, …
WPX Energy to Close Oklahoma City Office, 60 Jobs Eliminated
NewsOK.com and the Tulsa World report WPX Energy is closings its Oklahoma City office. It means 60 employees will soon not have jobs. Thirty-three workers are relocating to the Tulsa headquarters while two others have been offered a position in the Car…
Recovery Will Take Too Long for Some Oil Companies to Survive
Survival. It’s what oil and natural gas companies are dealing with as energy prices swirl lower and lower. The very idea that some major companies that once could afford to wait out the low prices now cannot because they accumulated too much debt…