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Tag Archives: Oklahoma

NM rakes in $33 billion

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The state of New Mexico scored a hefty chunk of change following U.S. Bureau of Land Management’s recent oil and gas lease sale. The sale include 69 federal leases throughout Texas, Oklahoma and New Mexico, the Albuquerque Business Journal reports. Of the more than $70 million in BLM revenues, New Mexico is entitled to about $33.4 million from its 53 ...

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Oklahoma broadens oil and gas drilling regulations to stem quakes

Oklahoma is expanding restrictions on oil and gas drilling activities to stem a sharp increase in earthquakes that has worried residents, damaged homes and raised concerns about the future of the energy industry in the state. But the action, announced on Friday, fell short of more drastic measures expected after a further increase in the rate of significant quakes last ...

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Editorial: Wind power the future for Tennessee?

In a few years a share of the electricity you use may come not from TVA, which makes all Memphis’ power, but from a windy patch of Oklahoma where Carroll Beaman’s forebears settled a century ago. Beaman, 83, an oil driller in Amarillo, Texas, has gained control of 204,000 acres on the Oklahoma Panhandle for one purpose: Lease the land ...

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Sales tax, low oil prices impact revenue

Depressed sales tax receipts throughout much of Cleveland County mirrored state trends this month as the oil and gas driven economy struggles. Norman’s sales tax revenue fell 2.71 percent below collections for the same period last year. Receipts came in at $5,292,000 with $755,999 diverting to the Public Safety Sales Tax fund. “It was obviously a disappointing return,” said Norman ...

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May wettest month ever recorded in U.S.

May was the wettest month ever recorded in the contiguous United States, the National Oceanic and Atmospheric Administration reported Monday. May saw an average rainfall of 4.36 inches across the nation, some 1.45 inches above normal and not only the wettest May on record but also the wettest month in 121 years of record keeping. For the meteorological spring season ...

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Local ban nullified by state, fracking resumes in Denton

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DENTON, Texas — A North Texas city whose fracking ban prompted lawmakers to limit such local power says a driller has revealed plans to resume fracking gas wells in the city. According to documents obtained through an open records request, the Denton Record-Chronicle (http://bit.ly/1IQ9kPl) reports Vantage Energy notified the city early Tuesday of its plans to begin fracking on Denton’s ...

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Vanguard Natural Resources to acquire Eagle Rock Energy

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HOUSTON — Vanguard Natural Resources LLC will acquire Eagle Rock Energy Partners LP in a $474 million deal. The agreement was announced Thursday by the Houston-based companies. Vanguard Natural Resources will also assume $140 million of debt from Eagle Rock Energy Partners, which will become a wholly-owned indirect subsidiary. The agreement requires approval of the boards of both companies. Vanguard ...

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