The Oklahoma Court of Civil Appeals handed a victory this week to a pipeline company in a fight over eminent domain and condemned land in Logan County. The Court ruled in favor of DCP Southern Hills pipeline, LLC of Denver, Colorado after it had been sued in 2018 following the 2012-2013 construction of a …
January 31, 2025 archive
Trump’s tariffs on Mexico and Canada sent crude prices down on Friday
As President Trump prepared to carry out his tariff on Canada and Mexico on Saturday, crude oil prices fell on Friday, adding to the week of losses. The 25% tariffs impacted investors and added to a 2.9% loss for the week by West Texas Intermediate crude. Brent fell 2.1% for the week. Both benchmarks …
Oklahoma sees a gain in rig activity
Oklahoma was one of three oil-producing states that saw an increase in rig activity in the past week, according to the most recent Baker Hughes Rig Report. Oklahoma gained one to reach 45 total rigs, compared to the 42 rigs reported one year ago. New Mexico saw a gain of 4 rigs for a …