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Governor Gives Explicit Powers to Corporation Commission Covering Injection Wells
Oklahoma Governor Mary Fallin signed a bill into law this week giving the State Corporation Commission the explicit power to order the shutdown of any wastewater injection well in the state, a bill that arose from the dispute SandRidge Energy had with …
Seventy Seven Energy Headed Toward Chapter 11 Bankruptcy
Oklahoma City-based Seventy Seven Energy, the spin-off from Chesapeake Energy, is the latest Oklahoma energy firm to indicate it will file Chapter 11 bankruptcy, seeking protection from its creditors. In an announcement on Tuesday, the company, headed …
Oil Patch Monitor Expects Many More Energy Bankruptcies
At least three more Texas oil and gas companies joined the list of those filing for bankruptcy in the past week.
They joined Energy XXI which OK Energy Today reported on last week, bringing the nationwide total of energy bankruptcies to 21 since the s…
Official Predicts More Oil and Gas Bankruptcies Coming to Texas
Oklahoma’s legislature is not alone in struggling with a budget wounded badly by the slump in oil and natural gas prices worldwide. While Oklahoma’s budget hole totals $1.3 billion, some believe the Texas legislature will be faced with a $3 billion ho…
Could Low Oil Prices Result in Fewer Saudi Arabian Students at US Schools?
If it’s happening in Kansas—-it’s happening in Oklahoma. Fewer Saudi Arabian students at universities and colleges because of the drop in oil prices. Officials at Wichita State University recently said losing the Saudi Arabian students could cost t…
AG’s Lawsuit Stops $11 million in Settlements with Chesapeake Energy in Pennsylvania
While recently settling a few lawsuits on claims of royalty payments, Oklahoma City-based Chesapeake Energy is also right in the middle of similar problems in Pennsylvania. It was there recently that Attorney General Kathleen Kane filed suit and as a r…
New Law Grants Weight Exemption to CNG Fueled Vehicles
One of the new laws signed recently by Governor Mary Fallin gives a weight limit exemption to vehicles fueled by compressed or liquefied natural gas. Under SB 1317 by Sen. Clark Jolley and Rep. Wendel Watson, the vehicle will be allowed to exceed the g…
Crude Oil Futures End Lower on Friday, Higher for Week
Oil futures settled lower on Friday but still finished the week with a gain, according to Bloomberg MarketWatch.
Prices briefly pared some of their earlier losses after Baker Hughes, Inc. reported that the number of active U.S. oil rigs fell by 3 to 3…
Nation’s Rig Count Drops While Oklahoma Holds Steady at 63
The nation lost three more drilling rigs in the past week while Oklahoma remained steady with a count of 63 according to the latest figures from Baker Hughes Co. of Houston, Texas.
The state’s count compares to 118 one year ago while nationally, the …
Nation’s Rig Count Dops While Oklahoma Holds Steady at 63
The nation lost three more drilling rigs in the past week while Oklahoma remained steady with a count of 63 according to the latest figures from Baker Hughes Co. of Houston, Texas.
The state’s count compares to 118 one year ago while nationally, the …