The battle lines are drawn on one energy bill before the Oklahoma legislature—one that proposes the elimination of tax credits for the wind industry.
Rep. Lee Denney and Sen. Jason Smalley, both Republicans, introduced HB 2818 and it is pendin…
Wind Industry Prepares to Fight Tax Credit Elimination in Oklahoma Legislature
President’s EPA and Oil Tax Plans—-D.O.A. on Capitol Hill Says Sen. Inhofe
Calling it a “power grab,” U.S. Senator Jim Inhofe also says the President’s budget proposal to increase funding for loans and grants from the U.S. Environmental Protection Agency and removing some from states won’t happen.,
“Don’t worry about i…
Ethanol Exports Remain High—Canada’s the Biggest Customer
Figures show the U.S. had a record year in 2015 when it came to ethanol exports and their byproducts.
The nation finished the year in December with 81.7 million gallons of ethanol shipped out for the month to both emerging and longtime markets, accord…
Hearing for New Anti-Flaring Rules to be held in OKC
The U.S. Interior Department is preparing to hold a public meeting later this month in Oklahoma City on a proposed rule targeting the practice of “flaring” or what Interior Secretary Sally Jewell calls the “harmful release of natural gas.”
The m…
EPA Dodges $40 million Wyoming Lawsuit
A federal judge in Wyoming agreed this week that the former owners of a chemical and environmental analysis company took too long to sue the U.S. Environmental Protection Agency over an armed raid that occurred in 2007. The judge tossed the $40 m…
Saudi Arabia Doesn’t Want Production Cut, Prices Tumble on Monday
More evidence that Saudi Arabia is not on board with production cuts sends crude prices lower on Monday. March West Texas Intermediate crude fell by $1.20 to settle at $29.69 a barrel on the New York Mercantile Exchange. April Brent crude lost $1.18 to…
Panhandle Oil and Gas Reports First Quarter Loss
Panhandle Oil and Gas reported a net loss of $2.8 million for its fiscal first quarter 2016. That’s comes out to a loss of 17 cents a share. During the same time of the previous year, Panhandle had a profit of $10.2 million or 61 cents a share. While t…
Well Plugging Fund Makes It Out of Subcommittee
The funding to plug abandoned wells in Oklahoma was pushed forward on Monday. House Bill 2303 extends the life of the Well Plugging Fund for another five years and made it past the House Appropriations and Budget Subcommittee on Natural Resources and R…
Chesaspeake Shares Tumble on Mistaken Report—Company Denies It’s Headed to Bankrtupcy
Shares of Chesapeake Energy Corp. crashed on Monday in the wake of news accounts that the Oklahoma City energy company had hired consultants to assist with restructuring the firm’s $10 billion in debt. At the same time, Chesapeake denied it was headed …
Chesapeake Denies it’s Headed to Bankruptcy While Shares Plummet
Shares of Chesapeake Energy Corp. crashed on Monday in the wake of news accounts that the Oklahoma City energy company had hired consultants to assist with restructuring the firm’s $10 billion in debt. At the same time, Chesapeake denied it was headed …
