Another big find by Continental Resources in the SCOOP

One of Continental Resources latest successes revealed in a completion report on file with the Oklahoma Corporation Commission shows production of more than 1,600 barrels of oil a day. And it was the company’s latest discovery in the SCOOP. The Triple H 2-30-31hs well is located about 8 miles east of Chickasha next to State …

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Congressman says Oklahoma should not be ashamed of oil and gas industry

Congressman Steve Russell (R-OK) spoke at the 2018 Annual Meeting of the Oklahoma Oil and Gas Association, the oldest trade organization in the U.S., in Oklahoma City on Friday.  “The oil and gas industry is vital to America’s economy, security and high standard of living,” Russell said. “Because of our energy sector, hundreds of thousands …

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Nation’s rig count climbs while Oklahoma’s slips

The latest oil and gas rig counts saw Oklahoma’s slip by one to 141 while the national numbers rose by 4 to reach 1,067. Baker Hughes in Houston and the Independent Oil and Gas Association in Wichita reported the figures on Friday. The U.S. count included the addition of 4 oil rigs to reach a …

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Colorado businessman loses appeal in fight with Phillips 66

Colorado businessman Baljit S. Nanda has again lost his lawsuit against Phillips 66 company in a fight over the more than $1 million sale of some of his gas stations and convenience stores in Oklahoma and other states. The 10th U.S. Circuit Court of Appeals upheld a lower court jury’s decision  in a counter-lawsuit filed …

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OKC Energy company denies allegations in lawsuit over deadly well blowout

One of the energy companies sued over the January 2018 gas rig explosion that killed five men near Quinton, Oklahoma has responded to the allegations in the suit. Red Mountain Energy of Oklahoma City filed its answer to the suit in Pittsburg County District Court. The suit was filed by families of two of the …

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TRUST honors for House Speaker for work to improve Oklahoma highways

A former Oklahoma legislative leader has been honored by a transportation group for his efforts to improve transportation in the state. The Guardian of Transportation Award was given to former House Speaker and former Secretary of State Chris Benge by the Transportation Revenues Used Strictly for Transportation advocacy group. Better known as the TRUST group, …

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Study says Tulsa and OKC drivers pay some of the highest costs due to bad streets and highways

The latest report from a Washington, D.C. based non-profit highway group says drivers in Tulsa and Oklahoma City pay some of the highest driving costs in the nation, thanks to the poor condition of roads and highways. Tulsa is ranked 5 and Oklahoma City 6 in terms of the cost to drivers, according to the …

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Regulators meet to consider OGE’s request for protection of confidential information

  State regulators plan a special meeting on Monday to consider a request by Oklahoma Gas and Electric for protection of confidential information. OGE  filed an application for a Protective Order regarding confidential information associated with its 2018 request for proposals. The Corporation Commission could take a vote at the meeting scheduled for 3:30 p.m. …

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Chesapeake Energy declares 3Q dividend

Oklahoma City-based Chesapeake Energy declared a third quarter dividend on Friday. Chesapeake Energy Corporation announced that its Board of Directors has declared dividends on its outstanding convertible preferred stock issues, as stated below.   4.50% 5% 5.75% 5.75% (Series A) NYSE Symbol CHK Pr D N/A N/A N/A Date of Original Issue September 14, 2005 November …

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Merger approved of Energy Transfer owners

A merger of Dallas-based Energy Transfer Equity, L.P. and Energy Transfer Partners, L.P. Common unitholders approved the move at a meeting in Dallas. More than 98% of the common units supported the merger. The merger was closed Oct. 19 and a new name was approved as well. Energy Transfer Equity will change its name to …

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