Author's posts
Tulsa’s BlueStone Wraps up Purchase of 1,000 Wells in Barnett Shale Play
The 4-year old Tulsa company, BlueStone Natural Resources II, LLC has closed on its purchase of Fort Worth’s bankrupt Quicksilver Resources Inc.’s U.S. oil and gas assets. They consist of 1,017 producing wells in the Barnett Shale play with others in W…
Investor Confident of Forcing Continental Resources to Issue Methane Emissions Reports
The California State Teachers Retirement System indicates it believes there is support for its call to have Continental Resources, Inc. to start issuing reports on how it monitors and manages methane emissions from its oil and gas operations. The syste…
Oil and Gas Job Losses Grow—–while Government Job Numbers Increase
The growing number of layoffs in the state’s oil and gas sector has caused an increase in Oklahoma’s jobless rate, according to new figures released by the Oklahoma Employment Security Commission. But one area of employment that continues to grow is go…
Layoffs at Chart Industries in Tulsa—-Oil Slump to Blame
Layoffs have occurred at Tulsa-based Chart Industries Inc. and the drop in oil prices is being blamed by company officials.
As sales dropped from $339 million in 2014 to $187 million last year, the company took steps to trim its workforce.
Chart Ind…
Company Appeals Fine Over Fracking Acid Spill
What is called the largest fracking acid spill in state history has gone before the Oklahoma Supreme Court. Blake Production Co. has appealed a more than $10,000 fine from the Oklahoma Corporation Commission as a result of the spill that involved an e…
Significant Inventory Decline Leads to Big Jump in Crude Oil Futures
The U.S. oil benchmark scored its biggest one day jump in three weeks Wednesday after weekly government data showed a large and unexpected fall in U.S. crude inventories and an increase in demand by refineries.
On the New York Mercantile Exchange, We…
Williams Sues ETE and Billionaire Founder Warren Over Disclosed Stock Deal
Two weeks after Tulsa was stunned by the possible loss of Williams Cos. in its merger with Dallas-based Energy Transfer Equity, Williams has filed suit against ETE and its billionaire founder Kelcy Warren over a private stock offering revealed in early…
Federal Government to Block Halliburton Merger with Baker Hughes
The U.S. Justice Department is moving to court in an attempt to block Halliburton Company’s nearly $35 billion purchase of Baker Hughes Inc. The lawsuit was filed Wednesday in the U.S. District Court for the District of Delaware where the two companie…
Oil Futures Down Again as Traders Anxiously Await Data
Oil futures ended lower in a wild trading session Tuesday, unable to overcome doubts that a major global agreement to freeze production will be reached this month.
On the New York Mercantile Exchange, West Texas Intermediate crude futures for delivery…
California Teachers System Wants to Hold Continental Resources Accountable for Methane Emissions
The recent controversial massive gas leak in California that forced the evacuation of thousands of residents is apparently having a spillover effect on one Oklahoma City oil and gas company. After increasing its stake to more than $3 million in shares …
