The money’s flowing as much as the oil when it comes to the Permian Basin in West Texas. Oasis Petroleum in Houston is paying nearly $1 billion for thousands of acres in the Delaware Basin. The purchase from Forge Energy based in San Antonio involves 20,300 net acres. It is a $946 million deal including …
After coming out of bankruptcy in the past year, Houston-based Linn Energy is dividing itself into three standalone companies with one of them focusing on the oil and gas plays in Oklahoma. The division came after Linn came out of an $8.3 billion bankruptcy as two companies, Linn and Berry Petroleum. But now, Linn is …
Scientists at Stanford University claim they have devised a way of detecting thousands of faint, previously missed earthquakes triggered by fracking. It’s a claim that could have a profound impact in Oklahoma where thousands of earthquakes have been recorded in the last several years, prompting state regulators to control wastewater injection wells. Only in one …
Tulsa’s WPX Energy says it will discuss its fourth-quarter and full-year 2017 financial and operations results during a webcast on Fe. 22, 2018. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance on that Thursday morning. Investors can access the event at …
Another wind farm in Oklahoma has gone operational. EDF Renewable Energy announced that it’s 154 megawatt Rock Falls Wind Project in Kay and Grant Counties in northern Oklahoma started commercial operation this week. Kimberly-Clark Corporation signed an agreement earlier in the year with EDF for 120 MW of generation. It is also Kimberly-Clark’s first …
A natural gas line exploded Thursday afternoon in Kingfisher but no one was injured in the incident. The road was damaged in the explosion that happened south of 2880 Road and 810 Road intersection. A 15-foot section of the road was damaged in the blast and authorities closed 2880 Road due to the damage. The …
The Oklahoma Water Resources Board has come through a State Auditor’s Operational Audit with only a few recommendations of changes in the way it manages money. Released Thursday, the operational audit covered July 1, 2014 through Dec. 31, 2016. One recommendation indicated revenues were at risk “due to inadequate segregation of duties.” The auditor …
COUNTY Well name OPERATOR SCTN TWN RNG SPOT Completion Date Oil Gas Water Scan Date API Document Blaine COMPTON 10-2-35XH CONTINENTAL RESOURCE 11 15N 11W NE NW NE NE Aug-16-2017 2216 3584 450 Dec-08-2017 01123705 500622387 Blaine COMPTON 2-2-35XH CONTINENTAL RESOURCE 11 15N 11W NW NE NW NW Oct-02-2017 1331 2687 2267 Dec-11-2017 …
EPA Chief Scott Pruitt’s facing criticism for flying off to Morocco this week with four staffers on a trip that cost taxpayers some $40,000. He made the trip to encourage the North African kingdom to import liquefied natural gas from the United States. But Democrats and advocacy groups immediately questioned the need of the …
Oklahoma U.S. Sen. Jim Inhofe continued his criticism this week of why the U.S. continues to lag behind in the permitting process for more nuclear power plants in the country. He made clear his opinion at a hearing held by the Senate Committee on Environment and Public Works where Nuclear Regulatory Commission chairman Kristine …
