It’s about two and a half months off, but work’s underway for the 20th Oil and Gas Expo in Oklahoma City sponsored by the Oklahoma Energy Resources Board and its organization called Sustaining Oklahoma’s Energy Resources. “Despite the downturn in the oil and gas industry, we’re still expecting a full crowd for the anniversary show,” …
Oil futures fell on Tuesday as skittish traders responded to the increasing glut of crude oil inventories with easing energy demand, according to Bloomberg MarketWatch. August West Texas Intermediate crude dropped 59 cents, or 1.3%, to settle at $44.65 a barrel on the New York Mercantile Exchange, its lowest close since May 9. On the …
Two years after he left Oklahoma’s SandRidge Energy to take over the Lower 48 operations of British Petroleum, David Lawler still has some sights set on Oklahoma oil production. It’s what he indicated in a recent interview with Forbes. Lawler, 46, is the brother of Chesapeake Energy Corp. CEO Doug Lawler. “It is an honor …
Oklahoma’s average gasoline price has taken another drop in the past week, reaching a level of $1.97, the lowest since May 12, according to data released by AAA Oklahoma. Nationally, the average is $2.21 a gallon, the lowest mark for this time of year since 2004. It is also 55 cents below the price average …
Closely following a significant $125 million acquisition in the Midland Basin area, Tulsa-based Laredo Petroleum, Inc. announced that the company is partnering with Credit Suisse Securities (USA) LLC for a stock offering expected to net $136.3 million. According to Laredo’s Form 8-K filed with the U.S. Securities and Exchange Commission on July 18, 2016, the …
From high tech where he made his millions to owning the Dallas Mavericks, businessman Mark Cuban now is investing in oil and gas. Using his Radical Investments, he’s become the first external investor of BetaZi, a firm described as an early-stage data science company. And Cuban’s excited about it. “BetaZi is the definition of disruptive …
Six new wells, including two producing more than 1,000 barrels of oil a day each have been reported by Newfield Exploration in Oklahoma. The two largest wells are in Garvin County’s Woodford play. Both are named PARKS wells and are at the same site located near the small community of Purdy located south of Lindsay and …
Oklahoma’s STACK play is reaping rewards for Devon Energy Corporation. The company announced on Monday that it has brought online a record-setting oil well in southwest Kingfisher County in addition to completing another successful spacing test. Devon announced the Pony Express 27-1H was drilled in southwest Kingfisher County with a 5,000-foot lateral and achieved a …
Crude oil futures ended lower on Monday, shortly before a government report was issued revealing less-than-anticipated declines in U.S. shale oil output, according to a news report by Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude slid 71 cents, or 1.6%, to end trading at $45.24 a barrel. September Brent …
More fallout for Chesapeake Energy and SandRidge Energy in light of the federal investigation that led to indictments a few months ago in Oklahoma City. Now the two companies are accused in a $30 million lawsuit filed in Kansas City of conspiring to defraud another company which sold its oil and gas leasehold interests. It’s …
