All that frigid weather in the eastern part of the U.S. last week led to a record amount of natural gas delivered by Williams Partners L.P. on its Transco interstate gas pipeline. While environmentalists have fought extensions of the line, there didn’t appear to be any opposition to the natural gas being used to provide …
Arkansas-based Murphy Oil Corporation plans to release its fourth quarter 2017 earnings after the close of market on Wednesday, Jan. 31, 2018. Headquartered in El Dorado, the company will host a conference call and webcast beginning at 11 a.m. Eastern time on Thursday, Feb. 1, 2018. Senior management will also review year-end 2017 results as …
December proved to be another month of increased revenues for Oklahoma as collections were 22 percent higher than a year ago. However, gross production taxes on oil and gas came in below state estimates. State Finance Secretary Preston Doerflinger released figures this week showing the general revenue fund collections totaled $512.6 million, a figure that …
The political fight by one group pushing for a statewide vote to increase the gross production tax on oil and gas in Oklahoma is turning into a legal battle. The Oklahoma Independent Petroleum Association has filed two legal challenges with the State Supreme Court to the drive for state question 795 led by Restore Oklahoma …
The Corporation Commission voted on Tuesday in favor of Oklahoma Attorney General Mike Hunter’s recommendation requiring five state utilities to account for savings from Tax Cut and Jobs Act of 2017, according to a report published in The Oklahoman. Passed by a vote of 2-1, the order was supported by Commissioner Todd Hiett and Commission …
Oklahoma isn’t the only state monitoring the impact of tax changes on public utilities. In West Virginia, the Public Service Commission has directed all privately-owned electric, gas, water, sewer and solid waste facilities to track the tax savings on a monthly basis beginning in January. The law went into effect after President Trump signed the …
A 3.1 magnitude earthquake rattled north central Oklahoma early Sunday afternoon. The earthquake happened around 1:37 p.m. in Kingfisher County, registering at two miles deep. The U.S. Geological Survey reported the epicenter was about 10 miles east of Hennessey and 28 miles west/northwest of Stillwater. There are no reports of damage or injuries.
OGE trucks are finally making their long slow ocean voyage to Puerto Rico where crews will begin working to restore electric power to the island ravaged by a fall hurricane. The utility tweeted over the weekend that 50 of its trucks were loaded on a barge. It would take an estimated 12 days to make …
Some state economic leaders are already celebrating legislative changes they credit for more than $24 million in new revenue in December. State Treasurer Ken Miller said the additional revenue came primarily from changes in sales tax exemptions and gross production incentive tax rates. At the same time, gross production taxes on oil and natural gas …
Those six consumers who believe a bribed 1989 Corporation Commission vote should not be allowed to stand are headed to the U.S. Supreme Court in their fight against the state. In a story followed for years by OK Energy Today, the consumers include a retired FBI agent, a retired Air Force General, a former City …