A report by Bankrupt Company News indicates a federal judge has approved SandRidge Energy’s motion to extend the period during which the company can file a Chapter 11 plan. The original deadline is September 13th but a judge will hold a hearing on Sept. 8 to “confirm the plan of reorganization,” according to the publication. …
While a federal judge in Iowa denied a request by Dallas-based Energy Transfer Partners to force a halt to protests of its controversial Dakota Access Pipeline, an activist on Wednesday chained himself to heavy machinery at the pipeline construction site. The Native American activist took the action as the judge in Des Moines refused to …
A man in North Dakota has signed a plea agreement with the government after he was arrested in May and charged with storing 200 explosives stolen from two oil and gas companies in the state. Prosecutors in Fargo say Tyler Porter used a cutting torch to open padlocked bunkers and steal the explosives. When they …
Oil futures settled lower on Wednesday after a U.S. government report revealed a larger-than-expected weekly increase in crude inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude slipped $1.65, or 3.6%, to settle at $44.70 a barrel. The settlement was the lowest since August 12. For the month, …
A $10,000 grant from the Association of Central Oklahoma Governments will mean improved service at Norman’s municipal CNG fueling station. The Norman Transcript reports the grant will be used to increase storage of the gas and relieve pressure on the city’s compressors. It will also mean faster service not only for customers but operators of …
Oklahoma doesn’t have the worst health problems due to methane gas releases from the oil and gas industry in the nation but it’s in the top ten, according to a new analysis from two national environmental groups. As for the worst, they belong to Texas, especially the Dallas-Fort Worth and San Antonio areas. But in …
Nearly 450,000 gallons of gasoline containing three times the acceptable level of ethanol was delivered to central Oklahoma retailers over the past week. Tulsa-based Magellan Midstream Partners LP notified the Oklahoma Corporation Commission on Tuesday and advised that equipment failure at its Oklahoma City fuel distribution terminal is to blame. “We had a piece of …
Oil futures settled at a two-week low on Tuesday as traders await government supply reports, according to Bloomberg MarketWatch. October West Texas Intermediate crude slipped by 63 cents, or 1.3%, to settle at $46.35 a barrel on the New York Mercantile Exchange after tapping highs above $47. The settlement was the lowest since mid-August. On …
Colorado voters won’t be casting ballots in November on an issue to curb oil and gas activity in the state after the secretary of State ruled two such measures failed to come up with enough valid signatures. In one case, the state found enough signatures had been submitted but not enough to compensate for ballots …
Crude oil futures retreated on Monday as fears mounted that OPEC members may not reach an agreement to stabilize the crude oil market, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude fell 66 cents, or 1.4%, to settle at $46.98 a barrel. October Brent crude, the global benchmark, …
