April 16, 2018 archive

Oil Prices Slipped in Monday’s Trading

Oil prices ended lower on Monday as the market gave back some of the gains made last week in trading. The price for one barrel of West Texas Intermediate crude, as set at the Cushing hub was $66.29 for May contracts. It was a drop of $1.10 per barrel in trading on the New York …

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Newfield Cleared in Bid-Rigging Allegations and Lawsuit

A federal judge in Colorado has cleared a subsidiary of Newfield Exploration, a company with heavy operations in Oklahoma’s STACK play. In a recent ruling, the judge said there was no evidence as claimed by two companies that Newfield Production Company convinced a competitor majority-owned by the Ute Tribe to stay out of bidding for …

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Correction to Corporation Commission Filings

Our mistake. There is only one Oklahoma Corporation Commission seat to be determined in the 2018 elections. Commissioner Bob Anthony, the incumbent is seeking re-election. He will face a June 26th primary for the GOP nomination  from former State Senate President Pro tempore Brian Bingman of Sapulpa. As we noted earlier, Commissioner Dana Murphy is …

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Texas Supreme Court Rules in Favor of Chesapeake Energy in Acreage Fight

Oklahoma City’s  Chesapeake Energy has come away a winner before the Texas Supreme Court in a battle with another energy company over acreage clauses. The Supreme Court, in a ruling on Friday upheld a lower court ruling in favor of Chesapeake Exploration Limited Partnership and Chesapeake Exploration, LLC. Chesapeake was sued by XOG Operating LLC …

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Robocalls and FERC on Congressman Mullin’s Schedule this Week

Oklahoma Congressman Markwayne Mullin will be delving into FERC and robocalls this week. And out of the two, it’s a good bet that most interest will be in those annoying robocalls. He  sits on two subcommittees of the U.S. House Energy and Commerce committee and will be part of two hearings. One on Tuesday by …

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Groundwater Hearing Set for Wednesday in D-C

Oklahoma U.S. Sen. Jim Inhofe and others on the Senate Environment and Public Works Committee plan a hearing this week to explore the protection of groundwater and the role of the governments. Entitled, “The Appropriate Rule of States and the Federal Government in Protecting Groundwater, the hearing will be held Wednesday beginning at 9 o’clock …

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State House Prepares to Take up Latest Anti-Wind Bill

Last week, the head of the Oklahoma Wind Coalition said the industry was at a breaking point as the Oklahoma legislature prepared to hit it again with another law. And he charged that the state once again was going back on its word and breaking an agreement. The State House on Tuesday is prepared to …

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Energy Operations Interrupted by State’s Wildfires

It’s still unclear as to the extent of wildfire damage possibly to energy operations in northwest Oklahoma.  Whether any wind farms or oil and gas operations were damaged or destroyed is not yet known. But the wildfires burned an estimated 300,000 acres and left at least two persons dead—a 61-year old man overcome by smoke …

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Gasoline Prices Climb Again in Oklahoma

With national gasoline prices hitting an average of $2.71 a gallon, prices in Oklahoma have risen too over the past week.  The new state average is $2.43 per gallon of gasoline while diesel fuel prices are up to $2.72 a gallon. AAA Oklahoma reports the gasoline average rose 3 cents per gallon over the past …

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EarthX Conference to be Held in Dallas as Part of EarthDay Activities

As part of EarthDay activities, a massive EarthX conference will be held this week in Dallas, texas. It will include discussions on the latest scientific research on oceans and our environment as well as introducing investors to clean-tech companies. The Conference will be held April 19-22. “As the largest gathering of its kind in the …

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