Devon Energy’s CEO—-No Sacred Cows Around Here

The layoffs of at least 700 workers at Devon Energy’s headquarters in downtown Oklahoma City should be complete by week’s end. But the total number of layoffs in the company will be 1,000 and another 600 could be affected when the energy company …

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Transportation Secretary says Bill would Devastate 8-Year Highway Improvement Plan

Oklahoma Secretary of Transportation Gary Ridley says if the legislature approves a bill approved in Senate committee to remove nearly $60 million from the State’s road and bridge fund, it will devastate the Department’s 8-year road improvement plan.

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Iran Remarks Boost Crude Prices on Wednesday

Remarks by Iran’s oil minister sparked a rally for crude on Wednesday. March West Texas Intermediate crude tacked on $1.62 to end trade at $30.66 a barrel on the New York Mercantile Exchange. April Brent crude added $2.32 to settle at $34.50 a barrel o…

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OKC’s LSB Closer to Completion of $750 million Ammonia Plant in Arkansas

Oklahoma based LSB Industries, Inc. says its new 375,000 ton ammonia plant is now mechanically complete at the El Dorado, Arkansas facility. The completion of the nearly $730 million project includes the installation of process vessels and rotating equ…

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North Dakotans Fight Deep Drilling Experiment

Residents of a North Dakota County are putting up a fight over a deep borehole project they contend will be used for nuclear waste disposal.
Officials of Battelle Memorial Institute, the leader researcher and drilling partner Energy and Environmental …

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Seventy Seven Energy Still Struggling—Voluntary Bankruptcy is Still On the Table

Oklahoma City-based Seventy Seven Energy Inc., the spinoff from Chesapeake Energy a few years ago reported Wednesday a drop in fourth quarter 2015 earnings as well as total revenues for 2015 and an increase in losses. And at the same time, it con…

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Latest in SandRidge Energy—-Delays Making Interest Payments

A week before it is scheduled to release its 2015 earnings report, financially-challenged SandRidge Energy, Inc. announced it chose to exercise a grace period and defer making nearly $22 million in interest payments that were due on Tuesday, Feb….

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House Speaker Says New Plan Helps State Get Ahead of Earthquakes

The state’s new earthquake plan for disposal wells in northwestern Oklahoma gets the support of Oklahoma House Speaker, Rep. Jeff Hickman.
In a statement issued Tuesday, he called it appropriate action by the Oklahoma Corporation Commission.
“T…

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Gasoline Prices Go Back Up to Hit $1.41 Statewide Average

Gasoline prices have jumped back up in some sites in Oklahoma and state’s price average is up to $1.41 a gallon, according to the latest Fuel Gauge Report from AAA Oklahoma. It had been down to $1.34 as of last weekend.
“Normally, given the time of th…

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State Announces Funding to Monitor Disposal Wells and Earthquakes

The same day the Oklahoma Corporation Commission unveiled a new and larger earthquake plan targeting disposal wells in northwestern Oklahoma, the Governor’s Coordinating Council on Seismic Activity announced the awarding of a research grant to cr…

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