The state’s STACK and SCOOP plays have produced another massive gas well. This time, Marathon Oil based in Houston, Texas reports combination oil and gas well in Blaine County which is one of the three primary counties comprising the STACK. The KNAPP family well is located west of highway US 270 near the little community …
At least one Oklahoma City-based energy company is expanding while others are laying off workers, restructuring debt or going into bankruptcy. Harding Shelton Exploration is getting more investment capital and at the same time, changing its name to Antioch Energy. Located in Oklahoma City’s Bricktown entertainment district, Antioch is getting the money from TPH Partners, …
While Oklahoma wrestles with the continuing earthquakes that some scientists believe are a direct link to wastewater injection wells, Oklahoma State House Democratic leader Scott Inman proposes a ban on out-of-state wastewater. It’s what he told News 9’s Justin Dougherty in a recent interview. “I think the state should be looking into whether or not …
Oklahoma City-based Templar Energy LLC has restructured $1.45 billion of debt in order to avoid bankruptcy after securing unanimous lender approval of its reorganization plan, according to a report by The Oklahoman. The oil and natural gas producer’s second lien lenders canceled $1.45 billion in debt in exchange for $133 million in cash and 45 …
Oil futures climbed Thursday as government data confirmed a third consecutive weekly decline in domestic crude oil inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude rose 98 cents, or 2.2%, to settle at $46.32 a barrel, its highest finish since September 8. That marked a fourth consecutive …
Just how critical is the oil and gas industry to the state of Oklahoma. A new report from the Oklahoma State Chamber of Commerce says it makes up the largest single source of tax funding for public services in Oklahoma. Entitled “Economic Impact of the Oil and Gas Industry in Oklahoma,” the more than 60-page …
An investigation is underway into a possible oil leak from the Phillips 66 refinery or from a tanker docked at the refinery’s Marine Terminal in California’s San Pablo Bay near San Francisco. The U.S. Coast Guard first located an oil sheen on Wednesday and Phillips 66 officials issued a statement. “At the time, a tanker was berthed …
A federal judge still has to approve the agreement, but Exxon says it will pay $12 million for environmental damages caused by an oil pipeline break that spilled 63,000 gallons of oil into Montana’s Yellowstone River. The break happened up stream of Billings, Montana’s largest city and required several months of cleanup. it also killed …
Westar Energy’s $12.2 billion sale to Great Plains Energy Inc. cleared legal hurdles on Wednesday as litigants agreed to resolve their cases, according to a Topeka Capital-Journal report. A new Securities and Exchange Commission filing revealed that one Missouri and two Kansas legal challenges will be dropped. The first Kansas case was filed on July …
Oil futures recovered and traded higher on Wednesday after U.S. government data confirmed a drop in crude oil inventories, marking the third unexpected weekly decline in a row, according to Bloomberg MarketWatch. November West Texas Intermediate crude tacked on $1.29, or 2.9%, to settle at $45.34 a barrel on the New York Mercantile Exchange. November Brent …
