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…
Category: General
Oklahoma Rebate Program Grows to Help Oil and Gas Industry
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…
Cities, States and Environmental Groups Side with EPA in Clean Power Plan Fight
Oklahoma Attorney General Scott Pruitt and the other attorneys generals from 28 states have new opposition in their lawsuit challenging the Environmental Protection agency’s Clean Power Plan, the one put on hold by the U.S. Supreme court.
A coal…
Tallgrass Energy Expands Natural Gas Pipeline Holdings
Tallgrass Energy based in Leawood, Kansas is paying $440 million for part of the Rockies Express Pipeline company. The purchase is being made by Tallgrass Development’s wholly owned subsidiary, Rockies Express Holdings, LLC. The firm is acquiring…
Study Leads to Changes in State Bridge Inspections Following Earthquakes
The Oklahoma Department of Transportation says a new study shows it is unlikely that a 4.6 magnitude or less earthquake in the state would damage any bridges or highways.
The $575,000 study by Infrastructure Engineers Inc. validated the State Highway …