Author's posts
High Pressure Gas Line Blast Kills Two Workers in South Texas
Authorities are investigating more details of the Tuesday pipeline explosion in South Texas that left two workers dead and another injured. It happened near the small town of Woodsboro, northeast of Corpus Christi and west of the popular Port Aransas G…
Gross Production Taxes on Oklahoma Oil Shrinks to $600,000 in March
For the first time since July of 2015, general revenue fund collections for March exceeded the state’s estimate, according to the Oklahoma Office of Management and Enterprise Services. It was the first bit of good news in the past year since state reve…
Oil Futures Reach Highest Settlement of 2016
Oil futures rallied to their highest settlement of 2016 on speculation that Saudi Arabia and Russia have reached a deal to stabilize production ahead of an OPEC meeting in Qatar this weekend.
Adding further support to prices, a U.S. government agency …
SandRidge Energy Added to Earthquake Lawsuit by Sierra Club
While the Oklahoma Sierra Club was preparing for an “Earth (Quake) Day” protest at the state capitol, its attorneys with Public Justice based in Washington, D.C. were filing an amended lawsuit naming SandRidge Energy as another defendant accused of cau…
Marathon Dumps Nearly $1 billion More in Assets
Houston-based Marathon Oil Corporation has sold nearly $1 billion of its assets in a recent deal involving its Wyoming upstream and midstream assets. Makes a total of $1.3 billion in assets the company has unloaded since August.
Marathon did not ident…
What Chesapeake Did to Get $4 billion in Credit Line
In order to get a new $4 billion line of credit this week, executives at Oklahoma City-based Chesapeake Energy Corporation nearly had to sell their souls. What they did was to put up nearly all of the company’s natural gas fields to reach an agreement …
Crafty Oil Thieves in Mexico
It’s not just drug lords you have to worry about in Mexico, but ingenious oil thieves too. In central Mexico, police have discovered just how crafty the thieves were as they tapped into government oil pipelines. They built a camouflage truck to haul t…
Oil Rises Above $40 A Barrel
Oil futures settled back above $40 a barrel on Monday for the first time since late March, buoyed by a third straight week of declines in the number of U.S. rigs drilling for crude, according to Bloomberg MarketWatch.
Prices got an added boost after U…
Indian Land Leases up for Auction in Anadarko
The Bureau of Indian Affairs plans an auction of oil and gas mining leases on Indian lands later in the month. The oral action will be held at 9 a.m. on April 27 at the BIA offices in Anadarko and cover leases of Kiowa, Comanche, Apache, Fort Sill Apa…
Texas Company Wants Fracking Contamination Verdict Thrown Out in Pennsylvania
Houston-based Cabot Oil and Gas wants a federal judge in Pennsylvania to throw out a $4.24 million jury verdict that the company’s fracking operations contaminated well water for two families in the state. The verdict came down in early March and the o…