Category Archive: General

BLM Launches New Sage Grouse Hearings

All in the name of protecting greater sage grouse habitat, the Bureau of Land Management plans to hold a series of public meetings in Idaho, Colorado, California and Oregon next month on potential changes to plans.

The BLM said that given a finding by a Nevada federal judge that the BLM’s designation of Sagebrush …

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Gas Prices Drop Nationally But Go Up in Oklahoma

While gasoline prices have dropped slightly across the nation, they have risen in the past week in Oklahoma reaching a new statewide average of $2.25 a gallon, according to AAA.

A week ago, Oklahoma’s average was $2.23 a gallon for regular unleaded. However, some service stations in Lawton, Norman and Oklahoma City were pumping …

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Budget Deal Announced—-No Oil and Gas Production Tax Hike

An apparent deal has been reached by Oklahoma Gov. Mary Fallin and leaders of the legislature to fix the state’s $215 million budget hole. It reportedly does not include any hike in  the gross production taxes on oil and gas, based on the initial announcement from the governor’s office.

“It’s time now to bring …

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OKC Firm Wins $200 Million Contract to Restore Electrical Power to Puerto Rico

Oklahoma City-based Mammoth Energy Services announced its wholly owned subsidiary, Cobra Acquisitions LLC has won a nearly $200 million contract to restore power to Puerto Rico following the hurricane.

Cobra is a utility infrastructure business that focuses on the repair and construction of transmission and distribution networks.

“After witnessing the destruction from Hurricane Maria …

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Oklahoma Gets $1.6 million in GM Lawsuit Settlement

Oklahoma is receiving $1.6 million as the result of a multistate settlement with General Motors Co.

It is a settlement stemming from lawsuits filed by Oklahoma and other states over faulty ignition switches in vehicles. The receipt of the settlement was announced Friday by Oklahoma Attorney General Mike Hunter who explained the overall judgment …

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Letter from Oil and Gas Groups Results in Scolding from Governor’s Chief of Staff

Two major oil and gas groups obviously don’t like talk at the capitol of increasing the gross production tax and their letter to Governor Mary Fallin in recent days prompted a scolding from her chief of staff.

As the Oklahoman and Non-DOC, a political news website reported, the Oklahoma Oil and Gas Association …

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Rig Count Steady in Oklahoma But Nation’s Count Drops 15

Oklahoma’s rig count remained the same in the past week while the nationwide count slipped by 15 as oil prices slipped in the past few days.

The Baker Hughes Co. reported the U.S. rig count fell to 913. The number of oil rigs fell by 7to reach 736 while the gas rig count dropped …

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McClendon Firm Could Be For Sale

The Wall Street Journal is reporting that an oil and gas company founded by the late Aubrey McClendon in Oklahoma could see a major development—-either a sale or an initial public offering.

The speculation centers on Ascent Resources LLC and the paper indicated the company anticipates aIn stock-market valuation of more than $3.5 billion. …

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Corn Staters Lobby to Protect Ethanol

While a two-day ethanol summit is underway in Houston featuring industry and government officials from more than 15 countries, the issue was at the focus of political posturing in Washington DC this week too. Right in the middle of it was former Oklahoma Attorney General Scott Pruitt who now heads the Environmental Protection Agency. Here’s …

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Moody’s Report Says Oklahoma is Least Prepared to Handle Another Recession

Revenue from the gross production tax on oil and gas has definitely propped up Oklahoma’s state government but a new report from Moody’s Analytics indicates Oklahoma is one of three states ‘least’ prepared for another recession.

The report indicated 15 state government don’t have enough money saved to make up for the revenue …

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