Larry Nichols was recently named as the inaugural recipient of Hart Energy’s Shale Visionary Award, according to a press release issued Tuesday. Nichols, who co-founded Oklahoma City-based Devon Energy Corporation with his father in 1971, accepted the award at Hart Energy’s annual Executive Oil Conference held in Midland. “Today, horizontal drilling and hydraulic fracturing are …
November 7, 2017 archive
WTI and Brent Crude Retreat on Tuesday
Oil prices finished lower Tuesday, retreating from the more than two-year highs they reached a day earlier on the back of a purge of high-level figures in Saudi Arabia, a key crude producer. On the New York Mercantile Exchange, December West Texas Intermediate crude declined by 15 cents, or 0.3%, to settle at $57.20 a barrel. …
Pony Oil Hires Nick Strawn as Chief Legal Officer
Dallas-based Pony Oil, LLC has hired Nicholas Strawn to serve as the company’s chief legal officer, according to a company press release issued Tuesday. Strawn will be responsible for leading the legal team and reviewing all oil and gas transactions. “We are excited for Nick to be joining our team,” said John Paul Merritt, Pony …
More ‘Political Pressure’ Testimony from Former State Seismologist
More of the claims of “political pressure” of a former state seismologist are being heard in one of Oklahoma’s earthquake lawsuits. As OK Energy Today reported in October, Dr. Austin Holland told his side of the story in how he departed the University of Oklahoma in a difference of opinion whether the quakes are related …
Williams Cos. in Legal Fight With Nuns in Pennsylvania
Williams Cos. in Tulsa is assessing what might happen next after a three-judge panel of the D.C. Circuit temporarily stopped construction of the company’s $3 billion Atlantic Sunrise natural gas pipeline in Pennsylvania. Williams finds itself in a fight with Catholic nuns. The court in its ruling on Monday indicated it wants more time to …
Pleas From Oil and Gas Industry Not Being Heard at the Oklahoma Capitol
It is apparent that the complaints from Oklahoma’s oil and gas industry about a hike in the gross production tax on oil and gas are falling on deaf ears at the State Capitol. Following passage of House Bill 1035X on Monday in the State Senate, Gov. Mary Fallin issued a statement in which she applauded …
Ground Breaking for State’s Largest CNG Station in Tulsa
Groundbreaking was set for this week to create the state’s largest capacity CNG station in Tulsa. Sparq Natural Gas, headquartered in Oklahoma City planned the installation along with Timmons Oil, Dericks Leasing and Financial and J-W Power. The CNG station will be located at the Timmons Oil company, 3003 E. Admiral Place in Tulsa. It …
Oklahoma Senate Passes Tax Hike on Oil and Gas—-Industry is Disappointed
In a move that rankled the oil and gas industry, the Oklahoma Senate on Monday passed a measure giving pay raises to teachers and state workers and increased the gross production tax on oil and gas. The vote was 37-5 in support of what the Senators called a “bipartisan revenue bill.” Senate president pro tem …
State to Hold Listening Session to Get Input on VW Lawsuit Settlement
Oklahoma’s Department of Environmental Quality is planning a public meeting next month to take comments and get input on how the state should spend its $21 million share of the government lawsuit settlement against Volkswagen. The mitigation plan that came out of the settlement is under the oversight of the Oklahoma Secretary of Energy and …