December 2018 archive

Oklahoma has some of the cheapest gasoline in the U.S.

Nearly 20 percent of the states have gasoline prices below $2 a gallon and Oklahoma is one of them. The prices for the last day of 2018 average $1.93 in Oklahoma compared to $1.99 a week ago. Nationally, the average is down 8 cents to $2.28 per gallon. Pottawatomie County, where Shawnee is the county …

Continue reading »

Denver energy firm wraps up $480 million purchase of assets in San Juan Basin

Denver-based DJR Energy has concluded its $480 million purchase of assets in northern New Mexico’s San Juan Basin. The purchase was of the assets of Encana Oil and Gas and was originally announced in October. It gives DJR more than 350,000 net acres in the Basin including an inventory of more than 1,100 high-value drilling …

Continue reading »

PrimeEnergy announces name change

The Houston-based PrimeEnergy Company, a firm with operations throughout Oklahoma, Texas and West Virginia has announced a change of its name. The Company’s Board of Directors recently voted to approve amendments to the company’s Articles of Incorporation including changing the company name to PrimeEnergy Resources Corporation. The board also voted to reduce to the number …

Continue reading »

Energy Transfer opens another new gas pipeline

Energy Transfer LP based in Dallas announced its Mariner East 2 natural gas liquids pipeline is in service carrying products from Ohio and across West Virginia and Pennsylvania. The 350-mile NGL pipeline carris the ethane, propane and butane east to Energy Transfer’s Marcus Hook Industrial Complex in Delaware County, Pennsylvania Mariner East 2 is part …

Continue reading »

Legislator settles lawsuit over tracking controversy

A published report indicated that Rep. Mark McBride of Moore has made a financial settlement in his lawsuit against a Texas political consultant who allegedly put a tracking device on the legislator’s pickup truck. The Oklahoman reports McBride would not comment on the settlement with George Shipley of Austin, Texas.  McBride was known for his …

Continue reading »

Remember Oklahoma’s extreme weather in 2018?

Anyone who worked outdoors in Oklahoma’s energy industry experienced some record weather instances over the past year. The Oklahoma Mesonet reviewed some of the 2018 records compiled by State Climatologist Gary McManus. The lowest wind chill recorded in the past year was minus 22.1 degrees at Eva in the Panhandle on January 16, 2018. The …

Continue reading »

Rig count grew nationally but slipped in Oklahoma

Oklahoma’s rig count dropped by one in the past week while nationally, numbers grew by 3 to reach 1,083 active oil and gas rigs. Oklahoma’s count dropped to 140 according to Baker Hughes Co. The national count saw an addition of 2 oil rigs to reach a total of 885 while the number of gas …

Continue reading »

ConocoPhillips stands alone on Energy Index

ConocoPhillips workers in Oklahoma, Texas and elsewhere can rejoice at the end of the year knowing the company they work for is the only one in Standard and Poor’s 500 Energy Index that posted a year-to-date gain. Through Monday’s close, ConocoPhillips was up 3.9 percent for the year. But the other 29 members of the …

Continue reading »

Conflict of interest charges fly over New Mexico’s expanded oil and gas drilling

The New Mexico State Land Commission is calling for a state attorney general’s investigation of regulators and Hilcorp Energy Co. of Texas. Commissioner Aubrey Dunn contends there are potential conflicts of interest as the New Mexico Oil Conservation Commission approved expanded drilling by Hilcorp in the San Juan Basin located in northern New Mexico. The …

Continue reading »

Another director joins grab of Chesapeake Energy shares

Still another director of Chesapeake Energy based in Oklahoma City has made a big acquisition of company shares. Director Thomas L. Ryan made a nearly $3,618,000 purchase this week of 200,000 shares, according to a Form 4 filing made by the company with the Securities and Exchange Commission. He paid an average $1.809 per share …

Continue reading »