Monday saw an extension of a drop in oil prices as they slipped by at least 3 percent in trading. Why? Experts say geopolitical concerns that were behind last week’s rally faded. West Texas Intermediate crude ended the day down $2.09 or 3 percent at $62.85 a barrel for May futures on the New York …
A legal fight between two energy companies over trade secrets has led to a Texas Supreme Court denial of a request from Terra Energy Partners LLC to force the defendant to reveal which trade secrets were allegedly stolen. The case stems from a 2016 lawsuit by Sanchez Oil and Gas Corporation which accused Terra Energy …
Gasoline and diesel fuel prices climbed again in Oklahoma in the past week with gasoline increasing 2 cents a gallon reaching a statewide average of $2.42 a gallon. The increases are part of a nationwide movement seen as marketers continue to get rid of winter-blend gasoline to make room for summer storage. AAA Oklahoma reports …
While an estimated 30,000 teachers walked out of the classroom on Monday and gathered at the state capitol, one legislator was blaming the wind industry for some of the funding problems in education. The charge came from Rep. Bobby Cleveland, a Republican whose district 20 in the State House includes Cleveland, garvin, McClain and Pottawatomie …
The February Mid-America Business Conditions Index released Monday by Creighton University showed continued improvements in Oklahoma. Economist Ernie Goss said Oklahoma’s index has remained above the 50.0 threshold for the last seven months, thanks to increased oil prices. He said the overall index from a monthly survey of supply managers improved to 60.5 from January’s …
As development of the Permian Basin mushrooms, the search for water and the protection of existing sources is becoming critical. Water levels in the Ogallala Aquifer have already dropped in the past several years. With fears that it will plunge if exploration expands, many operations have switched the source of their fracking fluid from …
Tulsa’s NGL Energy Partners LP is selling part of its Retail Propane business in a $200 million deal. NGL announced Monday it will sell a portion of the business to DCC LPG. The sale was announced last fall and was closed on March 30 of this year. At the same time, NGL said its partnership …
Turns out Oklahomans didn’t have to worry about falling space debris this past weekend. China’s Tiangong-1 met a Sunday night fiery end over the South Pacific Ocean and scientists say only about 10 percent actually crash-landed on earth. Astrophysicist Brad Tuckers told Reuters, most of the out-of-control space station, China’s first, was destroyed during re-entry. …
“I think he’s in real trouble.” US Senator on Scott Pruitt’s latest ethical issue. Politicians believe Scott Pruitt could be on his way out at EPA following reports last week he had lived for several months in a Washington D-C condo co-owned by the wife of a top lobbyist for energy firms. “I don’t …
Speculation is growing that two Tulsa energy companies could be among those targeted for buyouts in the Permian Basin of Texas and New Mexico. The possibility that Laredo Petroleum and WPX Energy could be on the list comes after word last week of the $8 billion buyout of RSP Permian by Concho Resources. As the …
