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Crude Oil Futures Dip, Natural Gas Futures Rise
Crude oil prices turned lower Thursday, retreating from their highest levels of the year reached a day earlier, as doubts emerged over a potential meeting set for March 20 between major oil producers regarding a production freeze.
April West Texas Int…
Phase One of ONEOK Pipeline Finished in Southwest Texas
Tulsa-based ONEOK Partners says it has completed the first phase of construction of its nearly $480 million Roadrunner Gas Transmission pipeline project in the Permian Basin of west Texas.
The 200-mile pipeline connects ONEOK Partners’ WesTex natural …
Iran’s Missile Tests and How They Affect Oklahoma Energy Producers
The issue of the move by the Obama administration to drop economic sanctions against Iran and allow the country to export more oil, affecting Oklahoma energy producers rose again this week when Iran test fired two ballistic missiles.
“This did not sur…
Williams and Energy Transfer Equity Merger Moves Forward
Energy Transfer Equity, L.P. completed a private offering of convertible shares to some of its investors in order to help pay for its proposed purchase of rival pipeline company, Williams Companies.
According to the Form 8-K filed with the federal Sec…
Oil Futures Continue to Rise
Oil futures reached another high for the year on Wednesday, bolstered by expectations that major producers will make a move this month to stabilize their crude output levels and stem the rise in the glut of oil inventories.
April West Texas Intermedia…
US Believes Brent Crude Prices to Finish 2016 Lower than First Predicted
More oil is in storage worldwide than the U.S. Energy Information Administration thought, leading the government agency this week to lower its forecast of the average price of Brent crude oil for the remainder of the year. The EIA forecast the price to…
Crude Oil Slips After Reaching High for the Year
Oil prices settled lower Tuesday, a day after hitting their highest settlements of the year.
April West Texas Intermediate ended trading at $36.50 a barrel, down $1.40, or 3.7%, on the New York Mercantile Exchange after tapping highs above $38 earlier…
Oil and Gas Future Prices On the Rise
Oil futures rallied on Monday, posting their highest settlements of the year, on hopes that major producers will curtail supply and amid hopes of improving demand.
April West Texas Intermediate crude climbed by $1.98, or 5.5%, to settle at $37.90 a ba…
New Earthquake Response Plan Laid Out by State
Not only is the Oklahoma Corporation Commission’s Oil and Gas Division targeting another 400 Arbuckle disposal wells for reduction in a new earthquake response plan for central Oklahoma, it is expanding an “area of interest” encompassing nearly 10,000 …
Senate Passes Pipeline Safety Bill—–US House has Yet to Act
While U.S. Senator Jim Inhofe and others on the Senate Environment and Public Works Committee pressure the Pipeline and Hazardous Materials Safety Administration to finish proposing safety rules required under a 5-year old law, the senate’s given unani…
