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New Oil Pay Zone Found in West Central Texas
A Dallas-based energy company says it drilled six straight wells in Coleman County, Texas and hit six straight times. International Western Petroleum, Inc. of Irving recently completed the 6-well drilling program on 220 acres in the county located sou…
Old Environmental Lawsuit Resurrected by New Mexico Supreme Court
The New Mexico Supreme Court has overturned a lower court ruling in a lawsuit filed by residents against Shell Oil Co. several years ago. The high court says the lower court was wrong to prevent residents of a southeastern New Mexico neighborhood from …
SOER Event to be Held Wednesday
The Committee for Sustaining Oklahoma’s Energy Resources (SOER) will hold a free roundtable forum Wednesday in Oklahoma City to helpl oil and natural gas producers with management of properties considered to be marginal or in the red because of market …
Oklahoma, US, Canada Rig Counts Continue to Decline
Oklahoma and regional states continued to lose active oil drilling rigs as a result of the energy slump, according to Baker Hughes Incorporated. Oklahoma lost three more rigs to reach a level of 70 this week, almost half in comparison to the 139 rigs i…
State to Unveil Another Earthquake and Disposal Well Plan
Coming soon—another earthquake and wastewater disposal well plan from the Oklahoma Corporation Commission. Weeks after announcing a plan that covered at least 5,200 square miles and 245 disposal wells in northwestern Oklahoma, the commission now says…
More Condolences for Oklahoma Oil Industry Pioneer, Aubrey McClendon
Condolences continued to pour in on the tragic death of Oklahoma oil industry legend, Aubrey Kerr McClendon, who died Wednesday morning following a single-vehicle accident.
Oklahoma Senator James Lankford stated, “The death of Aubrey McClendon is a tremendous tragedy for his family and for Oklahoma. His death leaves an empty void for many in the Oklahoma City community.”
Chad Warmington, President of the Oklahoma Oil & Gas Association, spoke of the late McClendon as an oil and natural gas industry pioneer.
“His vision and leadership helped make Oklahoma the leader it is in oil and natural gas development. The impact of his life’s work is evident throughout the industry. He was also an incredibly proud Oklahoman who loved his state and demonstrated that through incredible generosity,” said Warmington.
McClendon co-founded Chesapeake Energy Corporation with Tom Ward in 1989. Following his departure from Chesapeake, McClendon founded American Energy Partners, LP in 2013. He was indicted on March 1, 2016 on allegations of bid rigging in northwest Oklahoma. His death remains under investigation.
McClendon Should have Seen the Indictment Coming
The federal indictment this week against Oklahoma oilman Aubrey McClendon should not have been a surprise to him nor to his attorneys. Unless he felt that with his departure as the head of Chesapeake Energy, the Justice Department no longer was interes…
Ethanol Production Dips Nationally
Another drop in ethanol production in the U.S. was reported last week. The production averaged 987,000 barrels a day or 41.45 million gallons daily. But that is a decline of 7,000 barrels a day from the previous week, according to the Energy Informatio…
Oklahoma’s 2015 Oil Production Grew before Starting Decline in December
The government says crude oil production was up in 2015 nationwide and in Oklahoma. But production also started showing some declines in December as oil prices continued their plunge, rigs were idled and layoffs started in the oil patch.
The U.S. Ener…
Oklahoma Economic Report Details Impact of Energy Slump
Oklahoma State Treasurer Ken Miller is out with his latest Oklahoma Economic Report detailing how the energy slump continues to hurt the state’s economy. As Miller announced earlier, the monthly gross receipts to the Treasury in January took their larg…