oil and gasoline

Oil & Gas in Oklahoma
8:01 pm
Tue May 27, 2014

Oklahoma oil and gas production tax cut passes legislature

Credit auvet/Flickr

The Oklahoma Legislature passed a bill making tax incentives for oil and gas production permanent.

Governor Mary Fallin is expected to sign the controversial legislation, despite threats of a constitutional challenge posed by an Oklahoma City attorney.

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Oil & Gas
8:00 pm
Thu January 30, 2014

Reducing Oklahoma oil and gas tax breaks could be a key to a balanced state budget

Tax breaks for certain kinds of oil and gas production will cost Oklahoma millions this year.
Credit OU

Energy production tax breaks will cost Oklahoma $307 million in 2014, and $304 million in 2015.  This year state leaders expect $170 million budget shortfall.  In other words, the expected budget shortfall is about half what the state gives away in tax breaks to oil and gas companies reported Matt Trotter for Public Radio Tulsa.  

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Oil & Gas
8:00 pm
Sun August 4, 2013

Domestic Oil and Gas Production is Booming: Why Are Gas Prices Still High?

Credit Indiana Public Media

It doesn’t make sense, does it?  Domestic oil and gas production is booming, and yet prices are still pretty high.  Dr. Tec Patzek, Chairman of the Department of Petroleum and Geosystems Engineering at the University of Texas at Austin, said there are many reasons in an article by State Impact Texas.   

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7:29 am
Mon June 10, 2013

After the Oil Party's Over, Who Will Clean Up?

Lead in text: 
Hydraulic fracturing and horizontal drilling allows drillers to retrieve oil and gas from places that were previously inaccessible. There are comparisons likening current conditions to the days of wildcatters. In the midst of drought, oil is once again having significant economic impact in Colorado, Kansas, Oklahoma and Texas, but it's not a risk-free. A Texas man's legal battle with an oil producer brings another issue to light... abandoned oil wells. Who will clean up the mess after the party is over?
LULING, Tex. - Amid the dry weeds on a 470-acre ranch here, a rusted head of steel pokes up, a vestige of an oil well abandoned decades ago. Across the field stand two huge, old wooden oil tanks, one of them tilting like a smokestack on the Titanic.