A $170 million cash sale of holdings in the North Burbank and Texas Panhandle has been announced by Oklahoma City-based Chaparral Energy, Inc. The company said the sale also included certain contingent payments but it did not reveal the identity of the buyer. “The sale of these assets marks a major milestone in the transition …
October 14, 2017 archive
Oil and Gas Rig Counts Slip in Oklahoma and the Nation
Figures from Baker Hughes Co. and the Independent Oil and Gas Service indicate a nationwide drop of at least 8 units in the latest weekly oil and gas rig count. Oklahoma’s count fell by 3 rigs in the past week to reach 124 still seeking new energy. The two rig accounting firms reported a total …
Ponca City Legislator Asks for Support of Fuel Tax Hike
If the Republican leadership in the Oklahoma legislature gets its way, motorists in Oklahoma will be paying higher motor fuel taxes. Rep. Steve Vaughan of Ponca City chairs the House Transportation Committee and wants the support of voters in raising the tax on gasoline and diesel fuel by 6 cents a gallon. “At 23 cents …
Legislators Still Negotiating a Budget Deal
Still no deal in the Oklahoma legislature as the special session continues with legislative leaders and Gov. Mary Fallin in talks with hopes of reaching an agreement to resolve the $215 million budget hole. At last word, House Floor Leader Jon Echols indicated legislators were told to prepare to return for work on Oct. …