Cruz Wins Iowa Despite Ethanol Debate

He didn’t support the renewable fuel standard while Donald Trump supported the ethanol industry and criticized him for it. Yet it was Texas Sen. Ted Cruz who walked away Monday night with the win in the Iowa caucuses. Trump used Cruz’s stance over etha…

Continue reading »

Gasoline Reaches $1.50 Average in Oklahoma

Oklahoma’s gasoline prices are down to a statewide average of $1.50 while the national average is at $1.79, according to the latest Fuel Gauge Report issued by AAA Oklahoma.
“Oklahoma’s pump prices are mimicking the national downward trend, although t…

Continue reading »

Democrats Criticize Governor for Not Discussing Earthquakes in Annual Address

Yes, OK Energy Today wasn’t the only one to notice how Governor Mary Fallin did not mention the word ‘earthquake’ in her Monday State of the State address. So did Democrats in the State House where Rep. Scott Inman, the House Minority Leader made menti…

Continue reading »

Kingfisher and Stephens Counties Site of Large Producing New Wells

Those $35 a barrel oil prices aren’t stopping production by energy companies in Oklahoma as some are reporting 1,400 a barrel a day wells in the state according to the Completion Reports published on OK Energy Today.
Newfield Exploration of Hous…

Continue reading »

China Ruins Crude Price Rally on Monday

Signals of a weakening Chinese economy halted the crude oil price rally on Monday. March West Texas Intermediate crude dropped $2 to end trade at $31.62 a barrel on the New York Mercantile Exchange. On the London ICE Futures Exchange, April Brent crude…

Continue reading »

Magellan Midstream and Partner Extend Pipeline Offering

Magellan Midstream Partners and one of its Houston based partners are extending the open season on its 50/50 owned BridgeTex Pipeline. Magellan and Plains All American Pipeline are planning to build a new pipeline origin point in Grimes County, Texas. …

Continue reading »

Governor Lays out Budget Plan hurt by Oil and Gas Downturn and Makes No Menton of What to Do t

In a speech marked by references to the “damaged” oil and natural gas sector and calls for “rolling up our sleeves and doing the hard work,” Governor Mary Fallin on Monday said nothing about the state’s growing problems of earthquakes and wastewater in…

Continue reading »

Bankruptcies Expected to Grow Among Oil and Gas Companies

It might be a case of waiting for the other shoe to drop. First oil prices plunged then some 42 firms filed for bankruptcy last year across the country. In Oklahoma, SandRidge Energy is at the top of the list of those speculating or betting on w…

Continue reading »

Oklahoma and Louisiana Very Much Alike in Dealing with Oil and Gas Downturn Impact

While Oklahoma government leaders grapple with a budget hole of an estimated $1.1 billion, the state of Louisiana has an even bigger budget hole of $1.9 billion. Both states are suffering because of the massive downturn in the oil and gas indust…

Continue reading »

Bankrtupcies Expected to Grow Among Oil and Gas Companies

It might be a case of waiting for the other shoe to drop. First oil prices plunged then some 42 firms filed for bankruptcy last year across the country. In Oklahoma, SandRidge Energy is at the top of the list of those speculating or betting on w…

Continue reading »