The monster snow storm which hit the northeast U.S. also impacted oil prices, but crude managed to stay above $30 a barrel. March West Texas Intermediate crude slipped $1.85 to end trade at $30.34 a barrel on the New York Mercantile Exchange. March Bre…
January 25, 2016 archive
Completion Reports January 26 2016
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Permits to Drill January 26 2016
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Cypress Energy Partners Announces Distribution, Shows Confidence
Cypress Energy Partners will pay out a cash distribution for the fourth quarter of 2015. The Tulsa company’s board of directors approved the distribution of .406413 per limited partner unit which is unchanged from the previous quarter. It is a 4.88 per…
12-year old Energy Lawsuit Goes to Trial in Oklahoma County
Jury selection was scheduled to begin Monday in Oklahoma County District court in a nearly 12-year old lawsuit filed by some taxpayers against ConocoPhillips and the Oklahoma Corporation Commission in a dispute involving nearly $4 million paid to the e…
SandRidge Energy Reportedly Explores Debt Restructuring Options
With a debt burden of nearly $4 billion, Oklahoma City-based SandRidge Energy Inc. reportedly is exploring debt restructuring options. In short, the company could be headed to chapter 11 bankruptcy. As the website Zero Hedge put it in a headline, “San…
AG Won’t Challenge Corporation Commission Judge over OGE Rate Case
Oklahoma Attorney General Scott Pruitt indicates his office will not challenge the recommendation of an administrative law judge at the State Corporation Commission who recommended the commission deny Pruitt’s bid to include $500,000 as consumer expens…
Williams Slashes $1 billion from Capital Expenditures as Prices Remain Low
Tulsa based Williams and Williams Partners have announced they’re slashing their 2016 growth capital funding by nearly $1 billion or 32 percent from the partnership’s previous plans. The new funding goal totals $2 billion and according to the Mon…
Williams Slashes $1 billion from Capital Expenditures as Prices Remain Low
Tulsa based Williams and Williams Partners have announced they’re slashing their 2016 growth capital funding by nearly $1 billion or 32 percent from the partnership’s previous plans. The new funding goal totals $2 billion and according to the Monday an…
Impact of Low Energy Prices on Your 401K
As oil prices fluctuate in the upper 20s and low 30s, it’s also been bad news for the average 401(k) that many Americans have.
A report by News 9 reporter Lacie Lowry indicates the average 401(k) lost $6,500 in the last week weeks. But she found that…
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