A Reduction in Supply Fails to Boost Crude Prices Wednesday

Despite a reduction in crude supplies, prices continued to fall. February West Texas Intermediate crude lost two dollars to end trade at $33.97 a barrel on the New York Mercantile Exchange. Meanwhile on the London ICE Futures Exchange, February Brent c…

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NYSE Delisting SandRidge Energy Stock

StreetInsider.com reported Wednesday afternoon that the New York Stock Exchange (NYSE) was moving forward to delist SandRidge Energy’s common stock. Trading in the company’s common stock will be suspended immediately.
The NYSE Regulation has determine…

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The Linde Group Consolidates Natural Gas Engineering Companies

A family of engineering companies is forming a single entity and will have a major presence in Tulsa. The Linde Process Plants and Linde Engineering North American with its Hydro-Chem division will create the new Linde Engineering North America Inc. (L…

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State Gets “Lukewarm” Support over Earthquake Moves at Edmond

The Oklahoma Corporation Commission’s move to reduce operations of five wastewater injection wells in an effort to curb the growing earthquakes in Edmond is getting strong support from some but lukewarm from others.
Attorney Scott Poynter, the Little …

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Central Louisiana Oil Fields Acquired by Swift Energy

In the midst of a chapter 11 bankruptcy reorganization, Houston-based Swift Energy Company is selling 75 percent of its holdings in two oil and gas fields in central Louisiana to Texegy LLC.
Closing is expected to happen on or before March 15, 2…

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Tallgrass Energy Increases Holdings in Pipeline

Despite the oil and gas downturn in the past year, some of the mid-stream companies are surging with major purchases. Take for example the announcement by Tallgrass Energy Partners, LP. The Leawood, Kansas based firm is buying another 31.3 percen…

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Fourth Quarter Announcements Coming

It’s about that time of year again when energy firms announce the dates for their fourth-quarter financial results announcements. Mark it on your calendar because Phillips 66 will host a conference call at 11 a.m. Oklahoma time on Friday, Jan. 29…

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Samson Expands Holdings in North Dakota and Montana

A big oil and gas purchase in North Dakota and Montana. Samson Oil and Gas USA Inc. is buying 41 net producing wells and more than 51,000 acres of leases for $16.5 million. The company, based in Denver, Colorado and with its parent owner in Aust…

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Directors Chosen at Enterprise Products

Houston-based Enterprise Products Partners L.P., a firm with extensive pipeline operations in Oklahoma announced the election of directors constituting the board of its general partner, Enterprise Products Holdings LLC.
Richard H. Bachman, presi…

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1,000 barrel Oil Well in Garvin County

Houston, Texas-based Marathon Oil reports some success in southern Oklahoma with a more than 1,000-barrel-a-day well. The latest completion reports, as published on OK Energy Today, shows Marathon hit the well about 7 miles southeast of Lindsays…

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