Category: Oil & Gas

Fracking Disclosure Report Not Kind to Continental Resources

The 2015 Disclosing the Facts report on fracking is out with rankings of 30 publicly-traded energy companies and their disclosures of the chemicals used in the controversial process.
Eight oil and gas companies made improvements in their 2015 disclosu…

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Crude Futures Fall on Friday, Gain for Fifth Consecutive Week

Oil futures settled lower on Friday, pulling back from a rally a day earlier, as Baker Hughes reported the first weekly rise in the U.S. oil drilling rig count this year.
West Texas Intermediate crude futures for April delivery fell 76 cents, or 1.9%,…

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Rig Counts Slip Again in Oklahoma and the U.S.

The latest weekly oil and gas rig count showed declines in Oklahoma and the nation, according to Baker Hughes Company of Houston, Texas. Oklahoma’s count fell by one in the past week to reach 66 compared to the 136 a year ago. The nation’s rig count dr…

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WPX Restates Financial Revolver

Tulsa-based WPX Energy announced it amended and restated its revolving credity facility, getting a total commitments of $1.2 billion on a senior secured facility with an initial borrowing base of $1.025 billion. The revolver matures Oct. 29, 2019.
“Th…

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TransCanada’s $13 billion Pipeline Company Purchase Affects Four Oklahoma Companies.

TransCanada, the company that constructed the Keystone pipeline from Cushing south to the Gulf Coast but failed to win approval of the northern leg from Canada to Nebraska, is paying $13 billion to buy the U.S. gas pipeline company, Columbia Pipeline.

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New Pipeline Safety Rules Proposed by Federal Government

Midstream energy companies no doubt are wondering how new regulations proposed by the Pipeline and Hazardous Materials Safety Administration will affect them. The rules were announced Thursday and will soon be posted in the Federal Register as a Notice…

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Devon Energy Could Benefit from Government Decision in Montana

The move by the Obama administration to finally give up a several year running fight over oil and gas leases on land outside Montana’s Glacier National Park has a direct bearing on Oklahoma City-based Devon Energy. The land is considered sacred to the …

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Anti-Fracking Petition Drive Allowed in Colorado—–Could Lead to Statewide Vote

Despite layoffs in Colorado’s oil patch and low prices for oil and natural gas, anti-fracking activists aren’t giving up their fight to ban fracking. And now they have won approval to circulate petitions to put such a ban before Colorado voters.
The A…

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Anti-Fracking Petiton Drive Allowed in Colorado—–Could Lead to Statewide Vote

Despite layoffs in Colorado’s oil patch and low prices for oil and natural gas, anti-fracking activists aren’t giving up their fight to ban fracking. And now they have won approval to circulate petitions to put such a ban before Colorado voters.
The A…

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US Futures Close Above $40

The U.S. oil futures benchmark closed above $40 a barrel for the first time in 2016, a day after the Federal Reserve dialed back its expectations for rate increases and major oil producers set a meeting date to discuss a supply freeze.
On the New York…

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