Two years after he left Oklahoma’s SandRidge Energy to take over the Lower 48 operations of British Petroleum, David Lawler still has some sights set on Oklahoma oil production. It’s what he indicated in a recent interview with Forbes. Lawler, 46, is the brother of Chesapeake Energy Corp. CEO Doug Lawler. “It is an honor …
Oklahoma’s average gasoline price has taken another drop in the past week, reaching a level of $1.97, the lowest since May 12, according to data released by AAA Oklahoma. Nationally, the average is $2.21 a gallon, the lowest mark for this time of year since 2004. It is also 55 cents below the price average …
While it has been tasked with reviewing and making recommendations about the fate of dozens of tax credit programs from wind farms to ethanol in Oklahoma to next year’s legislature, the Oklahoma Incentive Commission is not exactly racing down the stretch. Lyle Roggow, chairman of the Commission said afterward, “we’re making great headway.” In last week’s …
So much for the partying after a massive settlement of a lawsuit against an Oklahoma City energy company. One of the attorneys who sued and brought about a $53 million settlement with Chesapeake Energy in a Texas royalty fight now has gone to court against his co-counsel. Jim Ward wants a third of the legal …
Closely following a significant $125 million acquisition in the Midland Basin area, Tulsa-based Laredo Petroleum, Inc. announced that the company is partnering with Credit Suisse Securities (USA) LLC for a stock offering expected to net $136.3 million. According to Laredo’s Form 8-K filed with the U.S. Securities and Exchange Commission on July 18, 2016, the …
From high tech where he made his millions to owning the Dallas Mavericks, businessman Mark Cuban now is investing in oil and gas. Using his Radical Investments, he’s become the first external investor of BetaZi, a firm described as an early-stage data science company. And Cuban’s excited about it. “BetaZi is the definition of disruptive …
Six new wells, including two producing more than 1,000 barrels of oil a day each have been reported by Newfield Exploration in Oklahoma. The two largest wells are in Garvin County’s Woodford play. Both are named PARKS wells and are at the same site located near the small community of Purdy located south of Lindsay and …
Oklahoma’s STACK play is reaping rewards for Devon Energy Corporation. The company announced on Monday that it has brought online a record-setting oil well in southwest Kingfisher County in addition to completing another successful spacing test. Devon announced the Pony Express 27-1H was drilled in southwest Kingfisher County with a 5,000-foot lateral and achieved a …
Crude oil futures ended lower on Monday, shortly before a government report was issued revealing less-than-anticipated declines in U.S. shale oil output, according to a news report by Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude slid 71 cents, or 1.6%, to end trading at $45.24 a barrel. September Brent …
BLAINE COUNTY Chesapeake Operating Llc 14 16N 10W Castonguay 14-16-10 1h, June 15, 2016 HH, TA, TD: 20203 ft Lat: 35.86939, Long: -98.24176 API: 35011236000000 GARVIN COUNTY Newfield Exploration Mid-con Inc Woodford(11970): Oil 1069 Gas 1760 Water 2324 Flow 30 3N 3W Parks 6h-31x, April 29, 2016 HH, OIL, TD: 21215 ft Lat: 34.69688, Long: …
