An eastern Oklahoma gravel mine operator who faces a contempt hearing over a Clean Water Act case that he lost in federal court, as well as a second lawsuit on the same grounds, is standing resolute. “I’m being shown to be the bad guy on this deal, and I’ve done nothing wrong,” said Brad …
The slight dip in oil futures on Friday was not echoed by most energy companies with Oklahoma connections. Most energy companies saw their stocks climb in value including Devon Energy where shares finished up 34 cents or 3.15% and settled at $11.10. Chesapeake Energy slipped 15 cents for a 3.28% decline to $4.43 per …
Oil futures ended modestly lower Friday, but tallied a weekly gain a day after Hurricane Laura made landfall on the Gulf Coast as a Category 4 storm but refineries were spared from extensive damage. Now the industry waits to see how traders respond on Monday. West Texas Intermediate crude for October delivery fell 7 cents, …
The Trump administration faces more lawsuits over its efforts to reduce the regulations on trains carrying liquefied natural gas. Environmental groups contend in their legal actions that the transportation of LNG creates in effect a “bomb train” with explosive potential to level entire towns. The suing nonprofit Earthjustice makes the claim that just …
The hot weather of August has helped natural gas prices climb by 75% since the end of June when they hit their lowest level since 1995. But as of Friday, prices hit a nine-month high of $2.579 per MMBtu, thanks mostly to the scorching weather in July and August. Natural gas prices rose as …
