The growing demand by Americans for more gasoline is sending gasoline prices upward as the nation rushes to free itself from the lockdown caused by the coronavirus. Oklahoma gasoline prices rose 6 cents a gallon in the past week to reach a new average of $1.82 according to AAA Oklahoma. A week ago, the …
The Arkansas Public Service Commission has refused to approve a plan by Entergy to charge a special rate for power generated by a new solar power facility. The growing solar power industry saw it as a blow to their business according to the Arkansas Business report. They recently won a PSC order, over Entergy objections, preserving a special rate …
While the oil and gas industry has lost 100,000 jobs this year, other industries are suffering too. The Oklahoma Office of Workforce Development reports that The Children’s Place will be closing 300 stores nationwide. Oklahoma has 8 stores in Oklahoma City, Tulsa, Lawton and Ardmore. It’s unclear if any of the 8 will be among …
Tulsa-based NGL Energy Partners LP announced this week its board declared a distribution for the quarter ending June 30 to be paid to holders of its preferred units. The payments range from 56 to 60 cents a unit, depending on the kind. NGL’s distribution will be 56 cents for each of the partnership’s 9% …
With only 10 oil and gas rigs operating in Oklahoma, interest in drilling for new wells remains low. But three filings were made this week for permits to drill in Canadian, Kay and Kingfisher Counties. Citizen Energy III LLC of Tulsa received permits to drill three Loves wells near the Love’s Travel Stop at …
Oklahoma City’s Mammoth Energy Services has filed additional proxy material for its upcoming July 2 annual meeting of shareholders. In the SEC filing, the company explained the material follows the June 10 proxy statement furnished to stockholders for use at the annual meeting. “The purpose of this information is to inform you that the Company …
Ruling against environmentalists, the U.S. Supreme Court on Monday decided that the federal government has the authority to allow a proposed $7.5 billion natural gas pipeline to cross under the popular Appalachian Trail in rural Virginia. The 7-2 ruling was a victory for Dominion Energy Inc and President Donald Trump’s administration, both of which …
Have leaders at Oklahoma City’s Chesapeake Energy Corp. decided to pull the trigger on filing for bankruptcy? Reuters says its sources contend the struggling massive company, with a campus in north Oklahoma City and more than $9 billion in debt, might take the action yet this week. If so, Chesapeake would be the largest …
Crude-oil production from seven major U.S. shale plays is forecast to decline by 93,000 barrels a day in July to 7.632 million barrels a day, according to a report from the Energy Information Administration released Monday. Shale output from all major U.S. shale plays is expected to post monthly declines, with the Eagle Ford region forecast …
Completion reports filed on June 15, 2020. ALFALFA COUNTY Bce-mach Llc Mississippian(6420): Oil 179 Gas 370 Water 823 Gaslift 19 24N 10W Jenkins Family Trust 19-24-10 1h, January 22, 2020 HH, OIL, TD: 11303 ft Lat: 36.53605, Long: -98.31264 API: 35003233930000
