Oil futures settled above $45 a barrel on Tuesday as news of potential OPEC production curbs for Libya and Nigeria and a lower forecast for 2018 domestic crude output sparked a jump in settlements, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude rose 64 cents, or 1.4%, to settle …
July 11, 2017 archive
Permits to Drill July 12, 2017
Blaine County AMERICAN HORSE SWD #2, July 11 2017 02 15N 13W NWNENESE API: 01123825 Lat: 35.804450264059476, Long: -98.54477733214291 OVERFLOW ENERGY LLC SH, DR, 5500 ft, WOLFCAMPIAN(3450), VIRGILIAN(4810) Blaine County FAY SWD #1, July 11 2017 31 16N 13W NENWNWSW API: 01123827 Lat: 35.81905239557924, Long: -98.63076336527386 OVERFLOW ENERGY LLC SH, DR, 5500 ft, WOLFCAMPIAN(3450), VIRGILIAN(4810) Blaine …
Judge’s Retirement Opens Door for Another Trump Court Appointee
In a move that will likely affect numerous environmental issues, including those having an impact on Oklahoma, Judge Janice Rogers Brown of the U.S. Court of Appeals for the District of Columbia Circuit has announced her retirement. It opens the door for President Trump to appoint someone who is friendly to his environmental policies. Brown …
State Treasurer Proclaims State’s Economic Recession is Over
Oklahoma State Treasurer Ken Miller says the state’s recession is officially over and the economic recovery is well underway. And he credits most of it to the oil and gas exploration in the past year as gross production tax revenues increased for the year and again in June. “Monthly gross receipts have been higher than …
Slight Jump in Gasoline Prices Seen in Oklahoma
Oklahoma’s average gasoline prices rose 4.5 cents a gallon in the past week, reaching a new statewide average of $2.01 a gallon, according to AAA Oklahoma. At the same time, the national average gas price rose 3 cents to reach $2.26 a gallon, an increase for the first time in five weeks. It means drivers …
Electricity Investment Overtakes Oil and Gas Worldwide
Electricity investment has overtaken oil and gas for the first time ever according to a report issued Tuesday by the International Energy Agency. Investment in the electricity sector grew by 12 percentage points to reach 43 percent between 2014 and 2016. The IEA said fossil fuels are no longer the largest recipient of investment in …
$300 million Commitment by EnCap Flatrock Midstream to New Firm
San Antonio-based EnCap Flatrock Midstream, a company with offices in Oklahoma City and Houston has made an initial $300 million equity commitment to Houston-based greenfield Midstream. Greenfield’s an independent company formed this year and focuses on the development of midstream infrastructure across North America. Its services include natural gas gathering, processing, treating and compression as …
Legislator Says Wind Farm and Air Force Base Study is Not Anti-Wind
Proclaiming his interim legislative study of wind farms and their impact on Air Force bases in Oklahoma is not ‘anti-wind’, Altus Rep. Charles Ortega says it’s about the economy. “When you look at the Air Force bases, just the Air Force bases, we’re talking about a $20 billion aerial impact, economic impact,” he said in …
Trial Date Set for Prague Earthquake Lawsuit
An attorney who recently settled an earthquake lawsuit against one of two oil and gas companies called it significant because it was the first such legal action linked to earthquakes in Oklahoma. Scott Poynter, an attorney based in Little Rock, Arkansas represented Sandra Ladra, a woman hurt in the 2011 earthquake in Prague. She sued to …
Stocks Tumble Following Westar and Great Plans Energy Merger Announcement
Monday’s announcement of a newly redrawn merger of Westar Energy and Great Plains Energy companies in Kansas saw stocks plunge as investors reacted to the news. Stock in Westar Energy dropped $2.75 a share, an indication that investors had expected a premium out of the deal rather than a stock-for-stock situation according to a report …
