Oil futures recovered and traded higher on Wednesday after U.S. government data confirmed a drop in crude oil inventories, marking the third unexpected weekly decline in a row, according to Bloomberg MarketWatch. November West Texas Intermediate crude tacked on $1.29, or 2.9%, to settle at $45.34 a barrel on the New York Mercantile Exchange. November Brent …
September 21, 2016 archive
Permits to Drill September 22, 2016
Carter County BENITEZ #3, September 21 2016 25 2S 2W S2SENWSW API: 01926231 Lat: 34.35116051453534, Long: -97.36642028362377 WILLIAMS R J OIL & GAS LLC SH, DR, 1200 ft, PONTOTOC(1), DEESE(500) Carter County MS JONES #1, September 21 2016 25 2S 2W NWNESWSW API: 01926230 Lat: 34.350157606022364, Long: -97.3667184842545 WILLIAMS R J OIL & GAS LLC …
Fallin Blames Tough Legislative Session on Oil and Gas Downturn
The slumping economy in Oklahoma and the accompanying downturn in the oil and gas sector have obviously been a weighty concern for Gov. Mary Fallin, something she reflected on this week during a speech to the Enid Rotary club. “I know it hasn’t been an easy time for Enid,” stated the governor, according to a …
Energy Employment Losses Boost State’s Jobless Rate
As Oklahoma’s oil and gas industry added more workers to the list of the unemployed in August, it also resulted in a slight increase in the state’s overall unemployment rate, according to the Oklahoma Employment Security Commission. The Commission’s latest report shows the state’s jobless rate stands at 5.1 percent, up 0.1 of a percent …
The Politics of Oil, Presidential Candidates and Divorce
Under the headline “Clinton and Trump Used as Pawns in $1 Billion Divorce”, Vanity Fair is still writing about the messy divorce between billionaire oilman Harold Hamm and his ex-wife, Sue Ann Arnall. But now it’s exploring how Hamm’s a big Donald Trump supporter and Arnall is a supporter of Hillary Clinton. The magazine contends …
Hamm’s Divorce Fight Still Before the Courts
Billionaire oilman Harold Hamm’s ex-wife Sue Ann Amall has won a ruling from the State Court of Civil Appeals allowing part of her challenge of their 2014 divorce to move ahead. The court ruled in a fight between the two over the valuation of Jolette Oil LLC and Mineral Acquisitions LLC, firms whose assets were …
Senate Committee Says EPA and Army Corps ‘Are Running Rogue’
Oklahoma U.S. Sen. Jim Inhofe and other Republicans on the U.S. Senate Environment and Public Works Committee say the EPA and the Army Corps of Engineers are out of control when it comes to the Waters of the US Rule. Inhofe chairs the committee and released a Majority Committee report detailing how the Environmental Protection …
L’Oreal Expanding its Solar Power Projects in Arkansas and Kentucky
Cosmetics maker L’Oreal USA says it’s building thousands of solar panels at its operations in Arkansas and Kentucky. The company calls it a move to help cut carbon emissions and also create two of the largest solar-powered projects in each state. At least 4,000 solar panels will be installed at the L’Oreal operation in North …
Group Says Pipelines are Still Safest Way to Move Oil and Gas
While Native Americans protest in North Dakota and environmentalists do the same in Oklahoma and other states with oil pipelines, a report from the Association of Oil Pipe Lines says they are still the safest way to move oil and gas across the country. David Murk, API Pipeline Manager says the report confirms the priority …