The sliding oil prices have prompted Tulsa-based WPX Energy to take protective steps this week as it announced Wednesday it has added more hedges to protect cash flows and repurchased a portion of notes that are due in early 2017. The company said near…
January 2016 archive
Anti-WOTUS Legislation Vetoed by President Obama
Oklahoma’s Republicans in the U.S. House and Senate knew it was coming and President Obama handed them what they expected—a veto of their anti-Waters of the U.S. Rule resolution. Every member from Oklahoma in the House voted last week in support of t…
Wind Beats Nuclear Power for Electricity in Texas
A report by the Electric Reliability Council of Texas shows wind energy surpassed nuclear power in 2015 to become the third biggest source of electricity in the Council’s region. It says wind power provided 11.7 percent or about 40.8 million mwh of the…
Wind Turbines Leading Cause of Bat Deaths Worldwide
Wind turbines worldwide are being blamed for an increase in the deaths of bats, according to an analysis led by the U.S. Geological Survey and published in Mammal Review. Collisions with wind turbines worldwide and the disease white-nose syndrome in No…
OSU Students Study Earthquakes in Africa
It seems odd at first blush why Oklahoma State University would send four geology students to Malawi in Africa to study earthquakes when Oklahoma is now home of the largest number of earthquakes in the U.S.
Nonetheless, the students spent last summer …
Grady County Getting Enel Green Wind Farm
Grady County is the site of construction of one of the latest wind farm projects in Oklahoma, one begun by Enel Green Power North America Inc. Enel is building a 108-megawatt farm called the Drift Sand and work is expected to be completed by the end of…
More Quakes Around Fairview
Not quite a week after the Oklahoma Corporation Commission took steps to reduce operations of several wastewater injection wells around Fairview and Alva, northern Oklahoma was rattled Tuesday by six more earthquakes.
The total reduction by 18 percent…
U.S. Crude Prices Absorb Iran News on Tuesday
It was West Texas Intermediate crude’s turn to absorb the news that Iran will be re-joining the global oil markets soon. February contracts on the New York Mercantile Exchange lost 96 cents to settle at $28.46 a barrel. It was the first day of trading …
Sen. Holt Calls for Better Savings in Wake of Lower Energy Prices
In light of Oklahoma struggling with lower oil and gas prices once again, Oklahoma City State Senator David Holt proposes a way to increase the way the state government saves for troubled times like these. Holt introduced Senate Joint Resolution 44 whi…
Lower Oil Prices Fail to Hinder STACK Development Deal
Despite lower energy prices, plans are being made to further develop a stretch of the STACK play in Kingfisher County. Bayou City Energy affiliate BCE-STACK Development LLC (DrillCo) has entered into a Joint Development Agreement (JDA) with Alta Mesa H…