The imminent return of Iran’s oil to global markets sent crude prices below $30 on Friday. February West Texas Intermediate crude lost $1.78 to settle at $29.42 a barrel on the New York Mercantile Exchange. On the London ICE Futures Exchange, March Bre…
Responding to the recent reports of the deal between Williams Companies and Energy Transfer Equity L.P. as shaky, Williams Board of Directors underlined their commitment to the deal. Calling the media reports market speculation, the Board made the move…
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While speculation mounts whether the merger between Williams Cos. in Tulsa and Energy Transfer Equity in Dallas might fall apart, a shareholder in the Tulsa-based Willias Cos. has filed a class-action lawsuit against both firms. It was filed by John Bu…
Records show the volume of wastewater from oil and gas wells in Oklahoma rose 81 percent in the past six years, according to a report in The Tulsa World. The paper found that the amount of wastewater injected into the Arbuckle, the state’s deepest geol…
State Rep. Mike Shelton, (D-OKC) figures if the oil and gas industry gets huge tax breaks from the Oklahoma legislature, then homeowners who bought insurance because of earthquakes should get a break too.
He plans to file such a bill in the coming leg…
The nation’s oil and gas rig count fell again last week while was one of the few states to see an increase, according to figures released by Baker Hughes Company of Houston, Texas. Nationally, the count slipped by 14 while Oklahoma added four rigs to r…
