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 …
The STACK’s latest big hits to be reported to the Corporation Commission are three wells by Houston, Texas based Marathon Oil Company…the largest coming in at more than 2,000 barrels of oil a day. The Marjorie in Blaine County is producing 2,070 barrels a day along with 3,285 Mcf of gas, according to the completion reports …
Oil futures collapsed on Monday after OPEC’s weekend meeting of major oil producers failed to gain acceptance of the cartel’s proposed production curtailment, according to Bloomberg MarketWatch. December West Texas Intermediate crude plunged $1.84, or 3.8%, to settle at $46.86 a barrel on the New York Mercantile Exchange. December Brent crude, the global benchmark, dropped …
The Denver federal appeals court has ruled against environmentalists and a Navajo tribal group fighting to stop the Bureau of Land Management from approving permits to drill in the San Juan Basin in New Mexico and Colorado. It represented another win for supporters of the fracking technology. The U.S. 10th Circuit Court said the coalition …
While Native Americans are protesting construction of a nearly $4 billion oil pipeline in North Dakota, not far away the State of Montana and the federal government plan to see compensation over a 2015 oil pipeline spill into the Yellowstone River. The U.S. Department of Interior joined the state in indicating it wants damages paid …
Tulsa-based Williams Companies Inc. is reporting a third quarter 2016 net income of $61 million while its third quarter adjusted earnings totaled $1.1 billion. The adjusted earnings totaled $1.192 billion, an increase of 8% or $89 million from a year earlier, according to a filing the company made early Monday with the Securities and Exchange …
General Electric, the company that recently formally opened its new oil and gas energy research site in Oklahoma City has reached a nearly $30 billion deal to combine its oil and gas business with Baker Hughes Inc. The “New” Baker Hughes will be a leading equipment, technology and services provide in the oil and gas industry …
Alan Armstrong, President and CEO of the Williams Companies, was honored on Wednesday by the Tulsa Press Club as one of its 2016 Headliners Club inductees. The Headliner awards recognize outstanding civic, business, professional and industry leaders of the Tulsa community. This is the 60th year of the awards. Since 1956, many of Tulsa’s oil …
