Oklahoma Congressman Markwayne Mullin and other members of a House Energy Subcommittee will explore the country’s nuclear supply chain and international nuclear market opportunities in a hearing this week. The Energy and Commerce Committee’s subcommittee on Energy will hold the hearing February 6 and hear from at least 9 witnesses. Among them are representatives of …
US House Committee Focuses on BLM’s Drilling Permits
The controversial issue of drilling permits for federal lands is getting the attention of members of the House Committee on Natural Resources. Two top Democrats, Rep. Raul Grijalva of Arizona and Rep. Alan Lowenthal of California have asked the Government Accountability Office to examine how many federal on shore oil and gas drilling permits were …
Quakes Rattle Southern and Northern Oklahoma
Earthquakes shook southern Oklahoma on Sunday then rattled the northern part of the state early Monday morning, according to the U.S. Geological Survey. But no injuries were reported and no damage as well. Southern Oklahoma normally doesn’t get many quakes but the Sunday event near Elmore City in Garvin County measured 3.1 magnitude. It was …
Step Up Charges Wind Industry with Undermining Tax Efforts
If anyone thought relations between the wind industry and the civic group called Step Up Oklahoma were smooth, forget it! The group of civic and business leaders who believe the State government can tax its way out of the budget crisis has accused the Wind Coalition and its director Jeff Clark of working to run …
Jones Pushes for Compromise Gross Production Tax in His Run for Governor
As he makes a run for Governor, Oklahoma Auditor and Inspector Gary Jones thinks the oil and gas industry has made the right move in agreeing to a proposed change in the gross production tax. He too has changed his original call for a 5 percent gross production tax for the first three years of …
$3 billion Track-Improvement Project Announced by BNSF
Railroad tracks run by the BNSF railway in Oklahoma could be among the 13,000 miles of track the company plans to improve in a $3.3 billion project in 2018. The company has a total of 32,500 miles of tracks in Oklahoma and 27 other states as well as three provinces in Canada. The Fort Worth-based …
Rig Counts Remain Steady in Oklahoma
New figures on the oil and gas drilling rig counts show Oklahoma maintained its count of 117 in the past week while the national count dropped by one to hit 946. Reports from Baker Hughes and the Independent Oil and Gas Association indicated the rig activity in the past week. Baker Hughes reported an increase …
New Study Says Depth of Wastewater Injection Wells is Critical to Causing Oklahoma’s Earthquakes
Yet another scientific study of Oklahoma’s earthquakes and their connection to the energy industry claims it’s the depth of wastewater injection wells that is critical to reducing the number of the seismic events. The journal Science reported this week that a “major” study by the University of Bristol and involving the University of Southampton, Delft …
Asset Sale Announced by Samson Oil and Gas Falls Apart
So much for the $41.5 million assets sale announced just a few weeks ago by Samson Oil and Gas Limited. The Australian-based company with much of its U.S. focus in Colorado, Wyoming, Montana and North Dakota announced the prospective buyer couldn’t get the financing. The deal with Firehawk Oil and Gas LLC of Denver was …
Frack Sand Operations Expanding in Permian Basin
In the Permian Basin of West Texas, getting frack sand can be a challenge these days. That’s why more mining operations are under construction. Atlas Sand Company of Austin says it has obtained financing to complete two fracking sand plants. Atlas joined BlackGold Capital Management to get a $150 million credit line to pay for …