The Kansas Corporation Commission has approved a $15.5 million rate hike for Kansas Gas Service, a deal that will result in customers paying another $1.25 a month. Kansas Gas Service is a division of Tulsa-based ONE Gas, Inc., successor to ONEOK. ONE Gas is considered to be one of the largest publicly traded and 100 …
Crude oil futures plummeted on Tuesday as the futures market awaits OPEC’s announcement regarding a possible production cut, according to Bloomberg MarketWatch. January West Texas Intermediate crude fell $1.85, or 3.9%, to settle at $45.23 a barrel on the New York Mercantile Exchange. January Brent crude, the global benchmark, declined $1.86, or 3.9%, to end trading …
The state of New Mexico is anticipating more oil production to result from a $430 million deal by Texas-based Concho Resources to acquire land in the northern Delaware Basin in southeastern New Mexico. Most of the land is located in the Red Hills area of Lea County and Concho’s president and chief executive Tim Leach …
Crude oil futures soared on Monday as traders held hope that OPEC may succeed in its plan to curb crude output, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude jumped $1.02, or 2.2%, to settle at $47.08 a barrel, marking the first session gain since November 21. On …
The Standing Rock Sioux Tribe was notified on Friday by the U.S. Army Corps of Engineers that the North Dakota encampment area must be vacated by December 5 for safety concerns. The area has been occupied for months by protesters opposing the four-state, $3.8 billion Dakota Access pipeline under construction by Dallas-based Energy Transfer Partners. …
Crude oil futures prices fell Friday, as traders awaited decisions from next week’s OPEC production meeting where the cartel could strike a deal to cut output, according to Bloomberg MarketWatch. West Texas Intermediate crude futures finished down $2.02, or 4.2%, at $45.93 a barrel on the New York Mercantile Exchange. For the week, the contract …
Despite a decline in domestic crude supplies, oil futures finished slightly lower on Wednesday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude fell by 7 cents, or 0.2%, to settle at $47.96 a barrel. On London’s ICE Futures Exchange, January Brent crude, the global benchmark, lost 17 cents, or …
Oklahoma City-based Chaparral Energy LLC has cleared the way with its lenders to emerge from bankruptcy. The company also announced the retirement of Mark Fischer, Chaparral’s founder and CEO, according to a report by The Oklahoman. The agreement — which requires approval by the bankruptcy court — would convert $1.2 billion in outstanding debt to …
Shareholders of the Williams Companies elected all of the nominees on the ballot for the company’s board of directors to one-year terms at the company’s 2016 annual meeting held on Wednesday, according to a report by The Tulsa World. The five new board members include Stephen Bergstrom, former president and CEO of general partner American …
U.S. crude oil futures fell on Tuesday after a report indicated OPEC will postpone its attempt to obtain a production cut until after November 30, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude fell by 21 cents, or 0.4%, to settle at $48.03 a barrel. On the London ICE …
