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Oklahoma Energy Index Falls for 13th Consecutive Month
The contraction of the Oklahoma Energy Index continues, and it is Oklahoma?s rural communities that have faced the greatest economic hardship.
The Oklahoma Energy Index contracted for the 13th consecutive month in January, leaving activity in the sta…
SOER Starts Survey of Marginal Oil Producers hit by Low Prices
Low petroleum prices continue to pummel producers all across Oklahoma hard. Among the hardest hit are the small and marginal producers who don?t have very deep pockets when it comes to weathering the low-price storm. Many of those producers are seein…
Wyoming Losses Energy Jobs and Population in Downturn
The energy downturn is affecting the state of Wyoming in a way it didn’t see coming…..an outward migration of people. In short, more people are leaving the state than are coming to make a home there and State leaders put the blame on the loss of thou…
Commissioner Says Quake Report Supports State Actions——-Legislator Says the Commission’s Blowing Smoke
Oklahoma Corporation Commissioner Dana Murphy says the new U.S. Geological Survey report proclaiming Oklahoma as the state with the highest earthquake risk in the U.S. supports the actions taken by the commission in targeting the state’s saltwater disp…
Oil Futures Mark Fourth Straight Loss
Oil futures settled lower for a fourth straight session on Monday, as traders showed caution in extending a hefty month-to-date price gain ahead of a meeting in April to address the global oil glut among major crude produers, according to Bloomberg Mar…
Oil and Gas Group Skeptical of USGS Earthquake Maps—Calls it “Simplistic Approach”
While environmentalists applauded the new earthquake maps released by the U.S. Geological Survey because they showed potential areas caused by human inducement, the Oklahoma Independent Petroleum Association had other thoughts.
Kim Hatfield, chairman …
$420 million Sale of Assets Announced by EP Energy Corp.
A $420 million sale of its assets in the Haynesville and Bossier shales has been announced by Houston, Texas-based EP Energy Corp. The properties located on the border of Texas and north Louisiana will be bought by Dallas-based Covey Park Gas LLC, a th…
Environmental Activists Continue Disruption of Oil and Gas Auctions
Environmentalists who say the Gulf of Mexico is their next front in the fight against oil and gas drilling made their point recently by protesting a federal auction of the oil and gas drilling leases in the Gulf of Mexico. About 300 climate activists s…
OERB Starts Survey of Marginal Oil Producers hit by Low Prices
Low petroleum prices continue to pummel producers all across Oklahoma hard. Among the hardest hit are the small and marginal producers who don?t have very deep pockets when it comes to weathering the low-price storm. Many of those producers are seein…
EIA: Half of U.S. Lower 48 Production Comes From 2-Year-Old Wells
The U.S. Energy Information Administration reported nearly half of the oil pumped in the lower 48 states last year flowed from wells that were drilled sometime after the start of 2014, showing the reach of short-cycle shale production and technological…