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Marathon Oil Unloads $235 million in Holdings
A year after Marathon Oil spent $888 million acquiring holdings in Oklahoma’s Anadarko shale reserve, the company has signed a deal to sell some of its non-core assets in western Texas and New Mexico for $235 million. The company did not reveal the identity of the buy but explained the properties produced nearly 4,000 barrels …
Pawnee Rattled by Another Earthquake
Nearly a month after a record 5.8 magnitude earthquake struck Pawnee, the city was rattled early Tuesday morning by a 3.5 magnitude quake. The U.S. Geological Survey says its epicenter was about 10 miles northwest of the city but at last word, there were no reports of damage or injury. It is the latest …
20th Annual Oklahoma Oil and Gas Expo Set for Thursday
“Networking is priceless. Can’t put a value on it, especially right now. It’s a great show, it really is.” Pat Brown, on SOER’s 20th annual Expo. From small operators to large producers, they will gather Thursday in Oklahoma City for the 20th annual Oklahoma Oil and Gas Expo. And Bristow independent oilman Pat Brown, …
New Dominion’s Earthquake Related Lawsuit Against Lloyd’s of London Moved to New York
Tulsa-based New Dominion recently won a judge’s decision to move one of its earthquake-related lawsuits from Oklahoma to New York. The energy company, sued for the 2011 earthquake in Prague turned around and filed suit last spring in Tulsa against Lloyd’s of London, trying to force the insurer to pay for property damage. Dominion argued …
Natural Gas Drilling Resumes in Arkansas’ Fayetteville Shale Play
In Arkansas, there is some excitement since the first natural gas drilling rig in the state since the end of 2015 has gone up in the Fayetteville Shale play. KUAR radio, a National Public Radio affiliate in Little Rock reports the rig is believed to be operated by Houston-based Southwestern Energy. The company reported last …
Governors Want National Energy Policy in Political Debate
From the Associated Press in Little Rock. Oklahoma Gov. Mary Fallin and Arkansas Gov. Asa Hutchinson agreed when they spoke Monday at the Interstate Oil and Gas Compact Commission‘s annual conference that energy policy needs to be included in the national political debate. But the two governors disagreed on a controversial transmission line project that …
Gasoline Hits $2.05 Average in Oklahoma
A slight drop in gasoline prices was reflected over the past week in Oklahoma as the statewide price average hit $2.05 a gallon, according to the latest Fuel Gauge Report from AAA Oklahoma. The average is nearly the same as reported on Sept. 22, Aug. 20, July 5 and May 19. “Gas prices are playing …
State Commits to Finish Highway and Bridge Improvements
Those highways and bridges where oil and gas trucks and big rigs hauling wind farm blades travel in Oklahoma are the target of an 8-year Construction Work Plan approved Monday by the Oklahoma Transportation Commission. The DOT said major improvements have already been made through the Eight-year Construction Work Plan but “much work remains …
Treasurer Still Pessimistic About State’s Economy
“We keep scouring through the data to find signs of an impending turnaround, but it’s just not there.” Treasurer Ken Miller on State’s economy. Those August gross receipts to the Oklahoma Treasury still weigh heavily on the mind of Treasurer Ken Miller as he releases his monthly Oklahoma Economic Report. He doesn’t sound optimistic …
Labor Unions Tell President his Involvement to Stop Dakota Access Pipeline is Chilling
Dallas-based Energy Transfer just got the support of five labor unions this week in the company’s fight to finish construction of its $4 billion Dakota Access Pipeline opposed by the Obama administration. The unions include LiUNA and the International Brotherhood of Teamsters who sent a letter to President Obama expressing deep concerns about his administration’s …