Tag Archives: goverment

Oklahoma Senate in Favor of Oil and Gas Tax Hike

OKLAHOMA CITY (AP) — The Republican-controlled Oklahoma Senate indicated it would be willing to double the current production tax on oil and gas wells as a way to break a stalemate to fix a $215 million budget hole. Senators approved a resolution Thursday urging their colleagues in the House to push through a package of tax hikes that includes a 4 percent tax rate on all new oil and gas wells. The current rate is 2 percent. The Senate adopted the resolution on a voice vote, suggesting they will have enough votes to increase the […]

Gas Line Explosions Bring New Safety Proposal

March 2016, Vol. 243, No. 3

BILLINGS, Mont. (AP) — U.S. officials moved Thursday to strengthen safety rules for the nation’s 300,000-mile network of natural gas transmission pipelines in response to numerous fiery accidents, including a 2010 California explosion that killed eight people and injured more than 50. The Department of Transportation proposal would expand inspection and repair rules to include lines in some rural areas and recently-installed lines in burgeoning gas drilling fields. Pressure-testing for leaks would be required on older lines that were previously exempt, such as the Pacific Gas and Electric Company pipe constructed in 1956 that broke […]