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“Earth (Quake) Day” Planned at State Capitol by Oil and Gas Protesters
A rally against giving the Oklahoma Corporation Commission the power to enforce rules and regulations over the oil and gas sector is drawing opponents who plan what they call an “809 Rally” later this month at the State Capitol.
Sponsored by the Sierr…
Oklahoma Rebate Program Grows to Help Oil and Gas Industry
More than a year after oil prices plunged from more than $100 a barrel to the $30s, the State Tax Commission says it will pay nearly $158 million in rebates next year to certain operators of what are called “economically at-risk” wells.
Those are well…
Saudi Comments Cause Sharp Oil Futures Price Drop
Oil futures ended sharply lower on Friday, taking their weekly loss to nearly 7%, after comments from a Saudi Arabian prince cast doubt on whether the major crude producer would participate in any plan to stabilize global output, according to Bloomberg…
Rig County Losses Grow in U.S. and Oklahoma
More oil and gas rigs were lost in the U.S. and in Oklahoma in the past week, according to figures from Baker Huges Company and the losses reflect more dramatically the impact of the energy downturn in the nation. Oklahoma lost two more rigs, dropping…
Devon Closes South Texas Operation in Houston
Devon Energy confirms it is closing its Houston area offices, affecting about 60 workers. The move comes about a month after the Oklahoma City-based energy firm announced a cutback of 20 percent of its total workforce. The layoffs in February affected…
Tallgrass Energy Expands Natural Gas Pipeline Holdings
Tallgrass Energy based in Leawood, Kansas is paying $440 million for part of the Rockies Express Pipeline company. The purchase is being made by Tallgrass Development’s wholly owned subsidiary, Rockies Express Holdings, LLC. The firm is acquiring Sempr…
SandRidge Debt Grows——Company Slashes Capital Spending by 60 percent
SandRidge Energy in Oklahoma City released its long-awaited fourth quarter and 2015 fiscal reports, indicating its debt has grown to $3.6 billion dollars after losses were reported in both the fourth quarter and for the year.
The debt for 2015 grew to…
Feds order Firms to Cough up $1.5 million for Not Paying OT to Oilfield Workers
Some 241 oil well service workers in Texas and New Mexico are being paid a total of $1.5 million, including $750,000 in back wages following a federal government investigation into the oil and gas sectors in both states.
Nova Mud Inc., Nova Hardbandin…
SandRidge Debt Grows——Company Slahses Capital Spending by 60 percent
SandRidge Energy in Oklahoma City released its long-awaited fourth quarter and 2015 fiscal reports, indicating its debt has grown to $3.6 billion dollars after losses were reported in both the fourth quarter and for the year.
The debt for 2015 grew to…
WTI, Brent Crude Futures Slip Below $40 A Barrel
Oil futures fell for a fifth straight session on Tuesday to settle at their lowest level in two weeks, as traders braced for industry reports that are likely to show another increase in U.S. crude supplies, according to Bloomberg Marketwatch.
Prices s…