Tulsa-based Williams Partners was recently recognized for its commitment to help stabilize the Eastern Hellbender Salamander population. Williams received the Environmental Partnership Award from The Interstate Oil & Gas Compact Commission (IOGCC), a multi-state government agency that advocates for environmentally-sound ways to increase the supply of American energy while balancing a multitude of interests through …
At Wednesday morning’s press conference and open forum held by State Rep. Richard Morrissette at the Oklahoma State Capitol, Jackie Dill voiced her distress about the recent succession of earthquakes and the lack of leadership and resources required to address her concerns. Dill says she has experienced significant damage including broken water pipes, roof damage …
Oklahoma City-based Continental Resources, Inc. announced Wednesday that it had a net loss of $109.6 million, or $0.30 per diluted share, during the third quarter of this year. That compares to a net loss of $82.4 million or $0.22 cents a diluted share during the third quarter of 2015. The company’s net loss included certain items typically excluded by …
Oil futures dropped to five-week lows on Wednesday after government data confirmed that crude oil stockpiles surged by more than 14 million barrels, according to Bloomberg MarketWatch. December West Texas Intermediate crude plunged $1.33, or 2.9%, to settle at $45.34 a barrel on the New York Mercantile Exchange, marking the lowest settlement since September 27. January …
Tulsa-based Magellan Midstream Partners, L.P. reported a net income of $194.6 million for third quarter 2016 compared to $251.0 million for third quarter 2015, according to earnings reports released Wednesday. The decrease in current year net income was attributed to reduced profits from the partnership’s commodity-related activities due to pricing adjustments for hedging positions which …
Crude oil prices continued to free fall on Tuesday, as traders were discouraged with OPEC’s attempts to favorably broker a production output agreement, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate crude settled at $46.67 a barrel, down 19 cents, or 0.4%, after trading between a low of $46.20 and …
One energy publication in Canada is suggesting the oil and gas industry should take advantage of thousands of its abandoned wells, converting them to geothermal systems. Writing in Alberta Oil, Elizabeth Lappen says it would put drilling and service firms back to work and provide heat and power to those who see the wells as …
Small oil and gas operators in Oklahoma are awaiting the outcome of their legal challenge to new Clean Air act rules from the Environmental Protection Agency that they contend could put them out of business. The Oklahoma Independent Producers Association joined the national group called the Independent Petroleum Association of America in filing a lawsuit …
At a recent legislative study hearing held at the state capitol, one Oklahoma State University professor declared the evidence that oil and gas wastewater injection wells are causing earthquakes is “clear and convincing.” It’s the charge from hydrogeologist Dr. Todd Halihan, who said a lot of published research from Columbia University, the U.S. Geological Survey and other …
For the first time since mid-August, the average price of gasoline in Oklahoma dropped below $2 a gallon, according to the latest Fuel Gauge Report from AAA Oklahoma. Oklahoma’s new statewide average is $1.99, tied with Missouri for the lowest in the nation. “Although Tulsa’s citywide gas price average today for regular is lower than …
