energy

Customers pump gas at the OnCue Express at Interstate 35 and S. Fourth Street in Moore.
Brent Fuchs / The Journal Record

A new study from JP Morgan Chase found that low gas prices led most consumers to spend their money on restaurants and retail, rather than increasing savings or paying down debt.

Oklahoma City’s drop - as a portion of income – was three or four times greater than many other large metro areas, even when regional price differences are factored in, The Journal Record’s Brian Brus reports:

The restored Electric Transformer House at 2412 North Olie Ave. in Oklahoma City.
Logan Layden / StateImpact Oklahoma

The latest update of the National Register of Historic Places includes the kinds of Oklahoma buildings you’d expect to be on such a list: a school in Atoka built for black students during the New Deal era, a church in Garfield County barely altered since its construction in 1928, a hotel in Guymon that’s been the tallest building in town for nearly 70 years.

But not all of the properties on the list immediately flash their historic value, like a nondescript one-room brick building in Oklahoma City called the Electric Transformer House.

Susan Holmes in the living room of her home in Bokoshe, Oklahoma.
Joe Wertz / StateImpact Oklahoma
Devon Tower in downtown Oklahoma City.
Brian Hardzinski / KGOU

Oklahoma oil and gas companies are asking a federal judge to dismiss a lawsuit filed by members of an environmental group that seeks to reduce production waste that could be fueling a spike in earthquakes.

Gov. Mary Fallin speaking at the 2013 Governor's Energy Conference in Tulsa, Okla.
Joe Wertz / StateImpact Oklahoma

Gov. Mary Fallin on Friday signed into law legislation that banks boom-time tax revenues to cushion the state during energy downturns.

The Energy Revenues Stabilization Act was created through House Bill 2763, authored by Rep. John Montgomery, R-Lawton. The measure siphons off above-average tax revenues levied on corporations and oil and gas production and saves it in an account that can be tapped during state funding emergencies.

oil pump jack
Paul Lowry / Flickr

A bill that would bank tax revenues to cushion the state budget during energy industry downturns awaits the governor’s signature.  

Columbus Oil Company owner Darlene Wallace in the field with a "stripper well," which produces two-and-a-half barrels of oil a day.
Joe Wertz / StateImpact Oklahoma

The deadline to fund state government is rapidly approaching, and legislators are struggling to bridge a $1.3 billion budget gap. One idea is to end a tax rebate for unprofitable oil and gas wells, but small oil and gas producers say their safety net shouldn’t be used to plug the state’s budget hole.

Revenue, Rebates

The Oklahoma House of Representatives is in session, and Darlene Wallace is blocking the ornate entrance to the main floor. She’s an obstacle, an oil producer — and she’s clutching a clipboard with the names of lawmakers.

An American Energy Woodford well near Perkins, Okla.
Joe Wertz / StateImpact Oklahoma

The oil boom minted millionaire executives and transformed Oklahoma City into a corporate energy hub, but industry tax breaks and funding cuts kept much of the prosperity from reaching public services, a new Reuters investigation shows.

An artist’s conception of the new convention center in downtown Oklahoma City.
Populous and GSB Inc.

During Tuesday’s Oklahoma City Council meeting, Ward 5’s David Greenwell said it’s hard to get excited about things like the proposed MAPS 3 convention center until you see some of the architectural renderings.

Those were presented this week, and one of the issues with this new convention center seems to be parking.

Ward 2 councilman Ed Shadid, who’s pretty vocal about his concerns when it comes to using public money for large-scale projects, raised the point during the architects’ presentation.

Gov. Mary Fallin
Joe Wertz / StateImpact Oklahoma

Oklahoma Gov. Mary Fallin on Monday signed legislation that clarifies state regulators’ authority to take action on oil and gas operations linked to earthquakes.

The measure, House Bill 3158, authored by Republican House Speaker Jeff Hickman of Fairview, takes effect immediately.

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