Author's posts
Chesapeake Settles More Fort Worth Lawsuits in Royalty Fight
Oklahoma City-based Chesapeake Energy has reached settlements in more of the trials scheduled in Fort Worth in legal fights over claims the company cheated thousands out of millions of dollars in natural gas royalties.
At least 22,000 plaintiffs had m…
Oklahoma’s Rig Count Remains Steady While National Total Drops More
Oklahoma City-based Chesapeake Energy has reached settlements in more of the trials scheduled in Fort Worth in legal fights over claims the company cheated thousands out of millions of dollars in natural gas royalties.
At least 22,000 plaintiffs had m…
Five Years Later and FracFocus is Stronger Than Ever
The fifth anniversary of the creation of FracFocus is being observed this month by the two groups that formed it April 11, 2011—the Ground Water Protection Council and Interstate Oil and Gas Compact Commission.
When FracFocus.org was created, there …
Quarterly Financial Results to be Released by Williams
While Williams Cos. proceeds in its merger with Energy Transfer Equity of Dallas, Texas, the Tulsa, Oklahoma based company also prepares to release its first quarter 2016 financial results.
They will be released after the market closes on Wednesday, M…
Crude Oil Futures End Lower Before OPEC Meeting in Qatar
Oil futures finished with a loss for a second day in a row on Thursday, as the market weighed the likelihood that key producers meeting this weekend will reach a pact to cap output, according to Bloomberg MarketWatch.
“If there is to be a production f…
15,000 Wells Later for the OERB
Welcome rainfall on Wednesday might have prevented the Oklahoma Energy Resources Board members from celebrating well number 15,000 to be environmentally cleaned up in the state at the well site, but as the old saying goes, it did not dampen spirits.
I…
Bloomberg News—-How Wall Street Misjudged the Oil Boom
Reading a Bloomberg News article about how Wells Fargo Bank and Wall Street misjudged the oil boom of 2014 reminds one of how the same thing happened in the early 1980s in Oklahoma, leading to the Penn Square Bank collapse. Bank executives in the 80s …
Energy XXI Latest to File Bankruptcy Amidst Energy Downturn
Another oil and gas producer has gone to bankruptcy court, trying to resolve its billions in debt. Houston, Texas based Energy XXI filed for Chapter 11 restructuring in federal bankruptcy court this week in Houston, trying to eliminate $2.8 billion in …
Ethanol Production Drops Nationally to 8-month Low
The nation’s output of ethanol production was the lowest in the past week since the week of September 18, 2015, according to figures released this week by the U.S. Energy Information Administration.
Production averaged 938,000 barrels a day or 39.40 m…
Oil Logs A Loss After Three Days of Gains
Oil futures settled with a loss on Wednesday, putting an end to three sessions of gains as weekly data showed a hefty jump in U.S. crude supplies, according to Bloomberg MarketWatch.
Prices finished off the session’s lows, finding support from decline…