2016 archive

Lost Jobs Mount in Growing Oil and Gas Downturn

While Oklahoma’s loss in the oil patch figures to be close to 12,000 employees in the past year, in the state of Texas an estimated 288,000 have lost jobs because of what’s happened to energy prices. One report says 72,000 of those are direct losses in…

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Completion Reports January 29 2016

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Permits to Drill January 29 2016

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Crude Winning Streak Extends to Three Sessions on Thursday

Make it three sessions in a row for gains on U.S. crude oil. On the New York Mercantile Exchange, March West Texas Intermediate crude climbed 92 cents to settle at $33.22 a barrel. March Brent crude added 79 cents to end trade at $33.89 a barrel on the…

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Governor Fallin Releases $1.4 Million in Emergency Funds to Address Earthquakes

Governor Mary Fallin has approved moving funds from the state emergency fund to bolster earthquake research efforts. The Governor has moved $1.4 million to the Oklahoma Corporation Commission and the Oklahoma Geological Survey. The Coordinating Council…

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Large Fracing Operation Sold to Houston Company

The Canadian company which owns the tenth largest fracing operation in the U.S. announced it was selling its American frac operations to a Houston based company. Trican Well Service is selling the assets to the Keane Group for a total consideration of …

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Pickens, Son Settle Lawsuit Over Pay

Right before a trial was to start this week between oilman T. Boone Pickens and his son Michael Pickens, the two came to a settlement. The younger Pickens claimed his father didn’t pay him more than $15 million for work performed and failed to transfer…

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Oklahoma, Nation Adding Wind Energy at Near Record Pace

The American Wind Energy Association (AWEA) released its Fourth Quarter 2015 Market Report this week showing the industry had the second strongest quarter ever. During the fourth quarter alone, the American wind industry installed 5,001 megawatts (MW)….

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Inhofe Calls on Department of Justice to Investigate EPA Actions

Senator Jim Inhofe is joined by Senator Ben Sasse of Nebraska in sending a letter asking the Department of Justice to investigate a possible violation of the Anti-Deficiency Act by the Environmental Protection Agency. The concern they raised is over th…

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Crude Continues to Rally on Wednesday

Despite a growing supply crude prices made gains on Wednesday. March West Texas Intermediate crude added 85 cents to end trade on the New York Mercantile Exchange at $32.33 a barrel. On the London ICE Futures Exchange, March Brent crude tacked on $1.30…

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