Oil prices are on the rebound, which should eventually generate revenue and help Oklahoma’s state budget situation. Still, another budget hole — that could be as large as $600 million — will likely have to be filled during the 2017 legislative session. One emerging idea that could put an extra billion dollars in state coffers: Selling the Grand River Dam Authority. Continue Reading
Oklahoma’s oil and gas regulator for the first time will issue guidelines designed to reduce earthquake activity linked to hydraulic fracturing. Continue Reading
President-elect Donald Trump has picked Oklahoma Attorney General Scott Pruitt to lead the U.S. Environmental Protection Agency. Pruitt made a name for himself fighting against the very federal agency he is poised to lead, and the pick is seen by many as a clear signal that Trump intends to dismantle the environmental legacy of President Obama. Continue Reading
It’s been 10 years since the state of Oklahoma sold hundreds of acres at Texoma State Park to a private developer that never fulfilled its promise to build an elaborate lakeside resort. Now the Chickasaw Nation is stepping in to bring some economic activity back to the area.
Attorneys are asking a district court judge to approve a class-action lawsuit against oil and gas companies after a 5.0-magnitude earthquake rattled near the town of Cushing in November. Continue Reading
“Gov. Mary Fallin and the state’s tribal governments have not always seen eye-to-eye,” The Tulsa World’s Randy Krehbiel and Curtis Killman report, “but that apparently is not preventing at least some of the tribes from giving Fallin their unreserved support for secretary of the interior in President-elect Donald Trump’s new administration.”
“Anytime we can get anybody in as secretary of the interior who we have a history of working with and who will help advance the priorities of Indian country, I’m in,” said Cherokee Chief Bill John Baker.Related story: Oil and gas industry would welcome Mary Fallin as secretary of interior. Continue Reading
Scientists may have a promising seismic forecast for Oklahoma over the next few years: A lot less shaky with a smaller chance for damaging earthquakes. Continue Reading
From board rooms to drilling rigs, much of the U.S. fossil fuel industry has been counting down the days until President Barack Obama turns over the keys of the White House. Donald Trump doesn’t officially take the wheel of the nation’s energy policy for a couple of months, but Oklahoma’s oil and gas industry says its prospects have already improved under the president-elect.
The idea has been floated before but never really gained traction, The Journal Record‘s Sarah Terry-Cobo reports: “… An industry-funded entity that taxes oil and gas production, collecting fees for earthquake-related damages.”
Oklahoma Geological Survey Director Jeremy Boak said California’s geothermal industry has an indemnity fund to cover damage claims related to temblors triggered by geothermal activity. But in Oklahoma, it will be challenging to determine which damages were related to quakes, and which are the result of clay soils shrinking and expanding related to weather. Continue Reading