OKLAHOMA CITY (AP) — The Oklahoma Senate on Wednesday approved a $6.8 billion budget proposal to fund state government over the objections of members who say it relies too much on one-time sources of revenue that won’t be available the following year. The Senate voted 30-16 for the budget bill and sent it to the House, where there is bipartisan ...
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Top Eagle Ford Shale news stories – May 21-27
Another week gone by and another deluge of news, and another weekly recap! Check out the list below to see what news articles our readers found most engaging this past week. Enjoy! 5. Texas firm cancels application to build $3.3B natural gas pipeline ALBANY, N.Y. (AP) — Houston-based Kinder Morgan has withdrawn its application for a federal permit to build a ...
Read More »Texas retail gas prices average $2.05 per gallon across state
COPPELL, Texas (AP) — Retail gasoline prices across Texas have jumped 6 cents this week to reach an average $2.05 per gallon. AAA Texas on Thursday reported the nationwide price at the pump also rose 6 cents this week to average $2.26 per gallon. The association survey found that Dallas has the most expensive gasoline in Texas this week at ...
Read More »Oklahoma lawmakers to consider $141 million in new revenue
OKLAHOMA CITY (AP) — Leaders in the Oklahoma Legislature are moving quickly now to pass revenue increases before unveiling a formal budget plan that would close an estimated $1.3 billion shortfall. Lawmakers on Thursday took some of their biggest steps yet toward plugging the revenue gap for the fiscal year beginning in July, advancing roughly $274 million in proposed revenue ...
Read More »Energy leaders agree to cap Oklahoma tax rebate program
OKLAHOMA CITY (AP) — A tax rebate for oil and natural gas wells projected to cost Oklahoma $133 million in the upcoming fiscal year would be capped at $25 million per year under a bill that’s been agreed to by some of the state’s top energy industry leaders. The Oklahoma Independent Petroleum Association announced Thursday its governing board agreed to ...
Read More »Top Eagle Ford news stories: May 6-13
Recap the top Eagle Ford news stories that graced our pages this week. Layoffs and legal struggles earned the top two spots in this week’s list. 5. Colorado bracing to repay millions in energy taxes DENVER (AP) — Colorado will have to cough up hundreds of millions in tax refunds to energy companies over the next couple years. And state ...
Read More »Texas lawmakers champion local control, to a point
DALLAS (AP) — Texas leaders have sued the federal government dozens of times, costing millions of dollars, for what they contend are policies that infringe on local control and states’ rights. But when cities across Texas have attempted to pass laws on issues from fracking bans to regulating ride-hailing companies, state lawmakers time and again have moved to quash those ...
Read More »Arson caused Texas fertilizer plant explosion, officials say
DALLAS (AP) — One question has lingered in the Central Texas farming town of West since a fertilizer plant caught fire in 2013 and exploded, killing 15 people and damaging at least $100 million in property: What caused the blaze? On Wednesday, federal officials came to West with an answer — and in the process cast a much different light ...
Read More »Texas-based Newfield Exploration announces Oklahoma layoffs
TULSA, Okla. (AP) — Texas-based Newfield Exploration Co. has announced plans to lay off about 50 employees in Tulsa and to move about 150 more Tulsa employees to its headquarters in The Woodlands. Newfield spokeswoman Cindy Hassler told reporters Tuesday that the moves are due to low oil and natural gas prices and that fewer than 10 employees will remain ...
Read More »Top Eagle Ford news stories: April 29 – May 6
Here’s a recap on the top Eagle Ford news stories from the past week. Energy producers continue to struggle with depressed oil prices and two oil majors abandoned plans for a merger as opposition from regulators mounted. 5. Exxon sees smallest profit in 16 years, Chevron posts loss DALLAS (AP) — Motorists are saving billions on cheaper gasoline, but the ...
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