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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Energy Index—Worst Yet to Come

“The worst of this economic period still lies in the future.” Dr. Russell Evans.

Another report suggests Oklahoma’s oil and gas industry is struggling in the downturn. The Oklahkoma Energy Index continues its downward trend and the correlation b…

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Slowing Demand in China Sends Crude Prices Lower Tuesday

U.S. crude prices slipped below $36 a barrel on Tuesday as worries about slowing demand trumped rising Middle East tensions. February West Texas Intermediate crude shed 79 cents to settle at $35.97 a barrel on the New York Mercantile Exchange. On the L…

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Energy Patch States At Risk to See Home Prices Fall

A mortgage market review indicates Oklahoma housing prices can be expected to stay about the same level as they were in 2015, while other energy producing states could be facing a slide in prices. The Arch Mortgage Insurance Company (Arch MI) Winter 20…

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Judge Won’t Dismiss Prague Earthquake Lawsuit

A Lincoln County District Court Judge has refused to dismiss the lawsuit filed against two energy companies accusing them of causing the 5.6 magnitude 2011 earthquake that damaged homes and businesses and injured some residents in Prague.
Judge …

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Gasoline Prices Keep Slipping in Oklahoma

Gasoline prices in Oklahoma continue falling across the state as the new statewide average stands at $1.75 a gallon, according to AAA Oklahoma. Bartlesville has the cheapest gasoline in the state with an average price of $1.63, a decline of a dime a ga…

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Mustang Oilfield Injection Well Fight Heads to Trial in Late February

A trial date has been set for late February in the fight by Mustang residents against the efforts of Dallas-based Mid-Con Energy to create 15 injection wells in a waterflood project to recover oil from an old oilfield site near the city.
Residen…

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