Nearly 7 years after SandRidge Energy Inc. and three individuals were sued and accused of violating federal securities laws, the lawsuit is still underway in Oklahoma City federal court. U.S. District Judge Charles B. Goodwin recently ruled in favor of SandRidge in its efforts to reject some expert testimony that presented new arguments. Judge Goodwin …
Oklahomans are finding gas prices that are 19-cents less than a month ago, averaging $2.37 a gallon, according to AAA. The state ranks 10th in the nation in greatest decline in prices at the pump since May. The national average price of gas dropped six cents on the week to $2.69, following an unusual, but consistent downward trend since …
The Permian Basin in West Texas and Eastern New Mexico is turning out far more oil than the U.S. government ever estimated. One report by the Norwegian research firm of Rystad Energy predicts the Permian production will eventually push U.S. crude output even higher. U.S. oil production likely hit a record of 12.5 million …
As the U.S. House picks up Tuesday with a review of the four-bill minibus, hundreds of amendments will be debated regarding the Energy-Water and Defense sections. One is from Oklahoma U.S. Rep. Markwayne Mullin who is attempting to limit any expenditure of funds meant to study the “Social Cost of Carbon.” In other words, his …
From a tornado in northern Oklahoma to strong winds in the western part of the state. The trail of damage was evident. But there were no injuries. The tornado was reported near Omega, a small community deep in the heart of an active oil and gas area of the STACK. Omega is located north of …
A new aerospace study suggests America’s aviation industry will find challenging times in the coming year and it will have a direct impact on the nearly 37,000 aerospace workers in central Oklahoma and the 230 aerospace firms in the region. And oil prices will play a role in whether some aerospace firms are profitable. The …
Williams announced the completion of the formation of a US$3.8 billion joint venture with Canada Pension Plan Investment Board that includes Williams’ owned and operated Ohio Valley Midstream system in the western Marcellus and Williams’ owned and operated Utica East Ohio Midstream system in the Utica Shale play in eastern Ohio. The finalization of this joint …
The State of Texas gets a new water discharge bill. Gov. Greg Abbott signed a bill to allow the discharge of oil and gas produced water into rivers and streams but at the same time gave new powers to the State’s Commission on Environmental Quality. The power had previously been with the Texas Railroad Commission …
The U.S. Geological Survey confirms it was a 3.6 magnitude earthquake that hit the Eagle Ford Shale southeast of San Antonio over the weekend. The epicenter of the earthquake was about 2 miles north of the Karnes County town of Falls City and the quake hit around 8 o’clock Saturday night. Falls City is about …
