Those oil fund wealth checks that Alaskans have been getting for more than 30 years could be ending as Alaska struggles with budget shortages. Declining production and the drop in oil prices have hit the state just as they have others like Oklahoma and Texas. “At this point, all options are on the table,” said …
Shaking off recent concerns over the United Kingdom’s referendum vote to leave the European Union, crude oil futures soared on Wednesday, according to Bloomberg MarketWatch. August West Texas Intermediate crude rose $2.03, or 4.2%, on the New York Mercantile Exchange to settle at $49.88 a barrel. August Brent crude, the global benchmark, jumped $2.03, or …
We haven’t seen the last of the recent federal judge’s ruling in Wyoming that struck down the Obama administration’s attempts at regulating fracking on federal and Native American lands. Environmental groups including Earthjustice and the Sierra Club asked the Denver federal appeals court this week to revive the rule. Their notice of appeal is a …
Crude oil futures changed course and rebounded on Tuesday, posting gains as markets continued to weigh the outcome of the Brexit vote, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude gained $1.52, or 3.3%, to settle at $47.85 a barrel. On the London ICE Futures Exchange, August Brent …
The Oklahoma Corporation Commission Oil & Gas Public Assistance Department is holding a workshop for Oklahoma royalty owners on Saturday, September 24, 2016 at the Sheraton Hotel Downtown Oklahoma City. Registration begins at 7:00 a.m. and workshop hours are from 8:00 a.m. to 5:30 p.m. Scheduled speakers include: Commissioner Dana Murphy Oklahoma Corporation Commission Vice …
Chesapeake Energy Corporation extended the employment contract of President and CEO Robert “Doug” Lawler until December 31, 2018, according to a recent report published in The Oklahoman. Despite losing more than $14 billion with shares falling almost 70%, the Oklahoma City-based company paid a total of $15.4 million to Lawler last year in the form …
Workers at a natural gas plant in southern Mississippi escaped injury early Tuesday when two major explosions rocked the place. The plant is owned by Enterprise Products Partners, L.P. of Houston, Texas. Only two workers were on duty at the time, according to Earl Etheridge, the Jackson County Emergency Manager. The blast happened about 11:30 …
Oil futures continued their fall on Monday as traders dealt with another day of market volatility while determining the consequences of the Brexit referendum vote, according to Bloomberg MarketWatch. August West Texas Intermediate crude fell $1.31, or 2.8%, to end trading at $46.33 a barrel on the New York Mercantile Exchange. August Brent crude, the …
In a move that will directly affect Oklahoma City’s Chesapeake Energy, Pennsylvania Gov. Tom Wolf struck down efforts to create tougher regulations of the oil and gas drilling industry in the Marcellus Shale region of the state. It’s where Chesapeake has nearly made its home for the past several years, becoming a major player …
Oil futures sank nearly 5% on Friday in response to the United Kingdom’s referendum vote to leave the European Union, according to Bloomberg MarketWatch. “The unknowns surrounding the Brexit and chances that other countries may follow suit will be seen as a substantial headwind for risk assets, including oil in the near term, while demand …
