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 …
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 …
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 …
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 …
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 …
Crude oil futures ended higher on Monday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude tacked on 17 cents, or 0.4%, to settle at $44.40 a barrel. September Brent crude, the global benchmark, also added 17 cents, or 0.4%, to end trading at $46.88 a barrel on the London ICE …
Blaine County GRIZZLY 36_25-16N-12W #1HX, July 10 2017 02 15N 12W NWNENENE API: 01123823 Lat: 35.81161927219996, Long: -98.43823598286444 DEVON ENERGY PRODUCTION CO LP HH, DR, 21676 ft, MISSISSIPPIAN (EX CHESTER)(9974), WOODFORD(11754) Canadian County RAFTER J #1H-17-20, July 10 2017 08 11N 8W SWSWSWSW API: 01725038 Lat: 35.43573308375762, Long: -98.07781300610615 CITIZEN ENERGY II LLC HH, DR, 22610 …
A re-shuffling of the leadership of the U.S. Interior Department has resulted in Secretary Ryan Zinke’s naming of Gavin Clarkson of Oklahoma’s Choctaw nation as a deputy assistant secretary. Clarkson took over last month and is in charge of overseeing the Offices of Indian Energy and Economic Development, Indian Gaming and Self-Governance within the Office …
Tulsa’s Williams Partners has run into opposition from some Pennsylvania nuns as the company tries to build a natural gas pipeline. The sisters are members of the Catholic Adorers of the Blood of Christ and to show their opposition to the 183-mile long pipeline, they’ve built a prayer chapel on the proposed right of way. …
If an analysis of Oklahoma’s horizontal well production is accurate, then maybe state lawmakers should realize their tax rates on oil and gas wells are focused the opposite of when they should be. If you’re an oil and gas developer, you’ll want taxes to remain as they are. The analysis by Oklahoma Watch found that …
