2016 archive

USGS Begins Major Rock Study in Upper Midwest

While the U.S. Geological Survey is busy monitoring earthquakes in northern Oklahoma, it is also in the process of beginning a major study to define what minerals lie beneath portions of the upper Midwest.
Scientists are conducting a high-resolution a…

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Saudi Comments Cause Sharp Oil Futures Price Drop

Oil futures ended sharply lower on Friday, taking their weekly loss to nearly 7%, after comments from a Saudi Arabian prince cast doubt on whether the major crude producer would participate in any plan to stabilize global output, according to Bloomberg…

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PostRock Energy Corporation Files Bankruptcy

PostRock Energy Corporation announced Friday that it filed for Chapter 11 bankruptcy reorganization to facilitate an orderly sale of substantially all of their assets.
In its bankruptcy filing, Oklahoma City-based PostRock said it had assets ranging b…

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Rig Count Losses Grow in U.S. and Oklahoma

More oil and gas rigs were lost in the U.S. and in Oklahoma in the past week, according to figures from Baker Hughes Company and the losses reflect more dramatically the impact of the energy downturn in the nation. Oklahoma lost two more rigs, droppin…

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Rig County Losses Grow in U.S. and Oklahoma

More oil and gas rigs were lost in the U.S. and in Oklahoma in the past week, according to figures from Baker Huges Company and the losses reflect more dramatically the impact of the energy downturn in the nation. Oklahoma lost two more rigs, dropping…

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Completion Reports April 4, 2016

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Permits to Drill April 4, 2016

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Devon Closes South Texas Operation in Houston

Devon Energy confirms it is closing its Houston area offices, affecting about 60 workers. The move comes about a month after the Oklahoma City-based energy firm announced a cutback of 20 percent of its total workforce. The layoffs in February af…

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Devon Closes South Texas Operation in Houston

Devon Energy confirms it is closing its Houston area offices, affecting about 60 workers. The move comes about a month after the Oklahoma City-based energy firm announced a cutback of 20 percent of its total workforce. The layoffs in February affected…

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Hunereds of Millions in $ Handled By DEQ and Water Resources Board

A recently-completed audit of the State government of Oklahoma for 2015 shows we’re talking some serious money handled by the Oklahoma Water Resources Board and the Department of Environmental Quality.
The audit conducted by State Auditor and Inspecto…

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