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Governor Gives Explicit Powers to Corporation Commission Covering Injection Wells
Oklahoma Governor Mary Fallin signed a bill into law this week giving the State Corporation Commission the explicit power to order the shutdown of any wastewater injection well in the state, a bill that arose from the dispute SandRidge Energy had…
State Insurance Commissioner to Investigate Earthquake Insurance Rate Hikes
Oklahoma Insurance Commissioner John Doak’s ordered a public hearing to explore an increase in earthquake insurance rates in the state. The hearing will be held May 24 and will include data gathered by his department.
“This is a proactive move to prot…
Seventy Seven Energy Headed Toward Chapter 11 Bankruptcy
Oklahoma City-based Seventy Seven Energy, the spin-off from Chesapeake Energy, is the latest Oklahoma energy firm to indicate it will file Chapter 11 bankruptcy, seeking protection from its creditors. In an announcement on Tuesday, the company, h…
Energy Job Losses Increase Oklahoma’s Jobless Rate
The most recent jobless figures released by the Oklahoma Employment Security Commission clearly showed a loss of energy jobs in the past year. The State’s seasonally adjusted unemployment rate rose 0.2 percentage point to reach 4.4 percent for March a…
Congressman Ready for a Fight with the FCC over Broadband Internet Access
Oklahoma Rep. Steve Russell is ready to take on FCC Chairman Tom Wheeler in a fight over whether the Federal Communications Commission should be able to regulate broadband rates in the nation.
Russell is among those who recently voted to approve HR 26…
EPA Wants Feedlot Pollution Lawsuit Thrown Out of Court
The U.S. Environmental Protection Agency has responded to a lawsuit by several farm groups challenging a rule over animal feedlot pollution reporting requirements. The Agency is asking the D.C. Circuit Court to throw out the challenges to the rul…
WPX Layoffs Hit Tulsa
WPX Energy, Inc. on Monday laid off 42 employees, including 38 at its Tulsa headquarters.
The oil and natural gas producer also cut three positions in Killdeer, North Dakota and one in Carlsbad, New Mexico. The layoffs represent 4% of the company’s to…
Oklahoma Gasoline Prices Hit $1.91 Average
Hard to believe but this week’s average gasoline price in Oklahoma is just 9 cents under the $2 a gallon mark. The $1.91 average, according to AAA Oklahoma’s Fuel Gauge report, is 57 cents more than the state average on Valentine’s Day. And at least on…
Oil Patch Monitor Expects Many More Energy Bankruptcies
At least three more Texas oil and gas companies joined the list of those filing for bankruptcy in the past week.
They joined Energy XXI which OK Energy Today reported on last week, bringing the nationwide total of energy bankruptcies to 21 since…
Weekend Rains Ease Much of Oklahoma’s Drought
Weekend rains took care of the drought in western and northwestern Oklahoma, according to the Oklahoma Mesonet.
“Obviously the drought is going to take a huge hit, although there will be a few areas that still didn’t get their fair share—western Rog…