Millions of Barrels of Oil Out of Production Due to Hurricane Harvey

The experts say millions of barrels of oil have been taken out of the U.S. energy market by Hurricane Harvey and consequently gasoline prices will rise, not a matter of ‘if’ they rise. S and P Global Platts says at least 2.2 million barrels a day of refining capacity has been lost since the storm …

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Government Asks Judge to Approve Bankruptcy Deal with Coal Mining Company

  The government’s asking a Missouri bankruptcy judge to sign off on a $43 million dollar settlement with Peabody Energy Corp., the company that filed bankruptcy a few years ago. The deal sought by the U.S. Justice Department focuses on environmental liabilities at 13 Superfund sites. Peabody came out of bankruptcy in April and agreed …

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Environmental Groups Don’t Like Being Sued by Pipeline Developer

With the tables turned on them, environmental groups sued by the developer of the Dakota Access oil pipeline in North Dakota are calling the suit an attack on free speech. “Harassment by corporate bullies,” is how Greenpeace attorney Tom Wetterer described the lawsuit filed last week by Dallas-based Energy Transfer Partners. The suit was filed …

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State Asks Supreme Court to Have Sierra Club Lawsuit Put on Hold

While the Oklahoma Supreme Court wrestles with a constitutional challenge to a tax on electric cars, a similar lawsuit filed by the Sierra Club could be on hold. The original challenge to HB 1449 was filed by former U.S. Attorney Gary Richardson, now a candidate for the GOP nomination for governor. Oral arguments were held …

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Energy Markets on Shaky Ground After Hurricane Harvey Slams Texas Coast

Hurricane Harvey has disrupted nearly 15% of U.S. refinery capacity in the Gulf and will likely cause a rise in fuel prices across the country. Energy markets may be in for a bumpy ride when they open Monday as investors try to gauge the impact of the disruption, according to Bloomberg MarketWatch. After slamming into …

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3.5 Magnitude Earthquake Rocks Western Oklahoma on Sunday Afternoon

The U.S. Geological Survey recorded a 3.5 magnitude earthquake on Sunday afternoon in western Oklahoma. The quake was reported about 4:25 p.m. on Sunday. The epicenter was about 18 miles north, northeast of Weatherford, 30 miles west, northwest of El Reno and 64 miles west, northwest of Oklahoma City. Reports indicate that the quake could …

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Marathon Scores a 1,600 Barrel a Day Well in STACK

Marathon Oil’s reporting a large well in Oklahoma’s STACK, one producing nearly 1,600 barrels of oil a day in Blaine County. Details shown in OK Energy Today’s Well Completion reports, indicate the Chapman well, 26 15N 11W is located about 3 miles northeast of the community of Greenfield. Its official completion report stated the production …

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PSO Crews in Texas Helping With Damage from Hurricane Harvey

An estimated 300 utility workers for Public Service Company of Oklahoma headed Friday to south Texas to assist with repairs following the arrival of Hurricane Harvey. Most were workers from Tulsa, McAlester and Lawton areas. Some were line and tree crews wile engineers also were sent to stage Friday night in San Antonio to await …

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Jericho Oil to Start Exploration of Oklahoma’s STACK

A day after announcing it was venturing into exploration of Oklahoma’s big STACK play, Tulsa-based Jericho Oil announced efforts to raise $10 million to help finance the effort. The company earlier announced the acquisition of an interest in 9,400 net surface acres in the STACK. It stated the transition provided the company the option to …

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Energy Companies Eager to Begin Longer Laterals in Oklahoma

While a new law allowing greater horizontal drilling in Oklahoma won’t take effect until Nov. 1, 2017, an emergency designation with Senate Bill 867 is allowing some companies to begin the drilling now. As the Oklahoman reported, Tapstone Energy in Oklahoma City could become the first company to start drilling horizontal wells up to two …

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