Chesapeake Energy’s bankruptcy move to cancel a nearly $300 million contract won’t be quickly approved in court as the Federal Energy Regulatory Commission has entered the fight. U.S. energy regulators sided with pipeline operator Energy Transfer in a challenge to bankrupt oil and gas producer Chesapeake Energy’s request to cancel a nearly $300 million …
A U.S. Court judge in Austin has ruled against an environmental group and said the nearly-finished $2.3 billion Permian Highway pipeline can continue. Sierra Club in April challenged federal approval of the 428-mile Kinder Morgan Inc pipeline, alleging regulators reviews under a streamlined process were faulty. The line’s path crosses areas with two endangered …
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 …
Completion reports filed on August 28, 2020. PITTSBURG COUNTY Complete Energy Services Inc 27 7N 15E Nichols Swd 2-27, June 17, 2020 SH, COMM, TD: 3418 ft Lat: 35.05682, Long: -95.71517 API: 35121246640002 SEMINOLE COUNTY Silver Creek Oil & Gas Llc Woodford(3849): Oil 142 Gas 913 Water 769 Flow 18 6N 8E Reunion 7-3h, April 22, 2018 HH, OIL, TD: 9012 ft …
Permits to drill issued on August 28, 2020. Carter County STRAWBERRY HILL #1-18, August 28 2020 18 3S 2W CSWNW API: 01925174 Lat: 34.290780790744115, Long: -97.45520982106787 CHARTER OAK PRODUCTION CO LLC SH, RC, 9241 ft, HUNTON(6292), VIOLA(7078), MCLISH(8922) Hughes County HAMILTON #3-14-2WH, January 23 2020 14 8N 12E SWNWSESW API: 06324906 Lat: 35.16174558389017, Long: -96.01294890077996 CALYX ENERGY …
Oklahoma’s jobless situation is possibly improving, at least based on better numbers of Oklahomans who made unemployment claims. The state reports a drop in the claims for the ninth consecutive week. However as the McCarville Report indicated, the state has still paid more than $1 billion in claims since March 1. Click here for …
