Tulsa-based Williams Co. received approval this week from federal regulators to move forward with a $116 million natural gas expansion project that faces opposition in New Jersey. The Federal Energy Regulatory Commission voted to give the company a cer…
Category: Oil & Gas
Enable to Release Quarterly Financial Results
Oklahoma City-based Enable Midstream Partners, LP plans to release its first-quarter 2016 financial results before market hours on Wednesday, May 4. It will also host a conference call the same day at 10 a.m. to discuss the results.
Enable operates ne…
Former Employee Accused of Stealing Data from Continental Resources
Continental Resources has gone to court, filing a lawsuit against former employee, Levi Pack, a geologist accused of uploading company data and creating a program to give him remote access to Continental data on his cell phone.
The suit was filed in O…
Moody’s Downgrades OKC’s Chaparral Energy
For a second time in the past year, Chaparral Energy, Inc. in Oklahoma City has been downgraded by Moody’s Investors Service. The Probability of Default Rating was dropped from Ca-PD to C-PD/LD and its Corporate Family Rating went from Ca to C while th…
Repairs are Made to Leaking TransCanada Oil Pipeline
The leak of a TransCanada pipeline that carries oil to Cushing and eventually down the southern leg of the Keystone pipeline to the Gulf Coast involved about 17,000 gallons of oil, according to an announcement by TransCanada.
The leak occurred in a fi…
OERB Completes Number 15,000 Abandoned Well Site
The Oklahoma Energy Resources Board is preparing to observe what it calls a “significant milestone,”….the completion and cleanup of its 15,000th abandoned well site in the state.
It plans a special ceremony on April 13 at the site just east of the B…
Oil Futures Lose Ground Amid Output Freeze Concerns
Oil futures ended lower Thursday, failing to extend gains to a third straight day as doubts lingered about the global economic outlook, according to Bloomberg MarketWatch.
On the New York Mercantile Exchange, West Texas Intermediate futures fell 49 ce…
Tulsa’s BlueStone Wraps up Purchase of 1,000 Wells in Barnett Shale Play
The 4-year old Tulsa company, BlueStone Natural Resources II, LLC has closed on its purchase of Fort Worth’s bankrupt Quicksilver Resources Inc.’s U.S. oil and gas assets. They consist of 1,017 producing wells in the Barnett Shale play with others in W…
Investor Confident of Forcing Continental Resources to Issue Methane Emissions Reports
The California State Teachers Retirement System indicates it believes there is support for its call to have Continental Resources, Inc. to start issuing reports on how it monitors and manages methane emissions from its oil and gas operations. The syste…
Oil and Gas Job Losses Grow—–while Government Job Numbers Increase
The growing number of layoffs in the state’s oil and gas sector has caused an increase in Oklahoma’s jobless rate, according to new figures released by the Oklahoma Employment Security Commission. But one area of employment that continues to grow is go…