Sixty dollar oil by the end of the year? It’s what Oklahoma oilman Harold Hamm, chairman of Continental Resources has predicted in an interview with the Wall Street Journal. He made his prediction on Wednesday as oil prices fell below $30 a barrel, th…
The last time oil prices dropped below $30 a barrel was years ago. And the last time oil was in the 20s was Dec. 1, 2003 when gasoline was being pumped for what was then a record amount of $1.52 a gallon.
U.S. oil production at the time was 5.7 millio…
More reductions in the operations of northern Oklahoma wastewater injection wells were announced Wednesday by the Oklahoma Corporation Commission as it takes steps to attempt to reduce the surge in strong earthquakes.
The latest plan affects 27 Arbuck…
A second lawsuit has been filed this week over earthquake damage in central Oklahoma. The suit was filed in Logan County District Court by Lisa Griggs and April Marler and is asking a judge to allow it to be a class-action lawsuit against Devon Energy,…
As oil prices fell to their lowest levels in eight years this week, gasoline prices continued their downward spiral in Oklahoma as the state reached a new average of $1.69 a gallon, the second cheapest gasoline in the nation according to AAA Oklahoma’s…
Representative Richard Morrissette (D-OKC) won’t be the only legislator holding a town hall meeting this week regarding the earthquake challenge and its ties to the state’s oil and gas industry.
Rep. Lewis Moore, (R-Edmond) will hold a townhall meetin…
Austin, Texas-based Jones Energy Holdings, LLC and Jones Energy Finance Corp. have announced an offer to exchange any and all of their $250,000,000 outstanding principal amount of 9.25 percent Senior Notes due 2023 for an equal amount of new 9.25 perce…
“There had been no discussions but these new talks won’t go long.” Matt Skinner OCC.
Just as the Oklahoma Corporation Commission was ready to go to court against SandRidge Energy in a fight over a request to reduce injection well operations in e…
With Monday’s crude oil trading in the $31 a barrel on the New York Mercantile Exchange, gasoline prices continued their plunge in Oklahoma with one gas station in Oklahoma City pumping it at $1.39 a gallon.
Gas Buddy reports the $1.39 gas is being so…
The Fifth Circuit Court of Appeals has sent back to Texas Federal Court a proposed class action lawsuit against Oklahoma City-based Chesapeake Energy Corporation which was accused of trespassing on foreclosed oil and gas leases. It could be considered …
