Category: Oil & Gas

Layoffs at Chart Industries in Tulsa—-Oil Slump to Blame

Layoffs have occurred at Tulsa-based Chart Industries Inc. and the drop in oil prices is being blamed by company officials.
As sales dropped from $339 million in 2014 to $187 million last year, the company took steps to trim its workforce.
Chart Ind…

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Company Appeals Fine Over Fracking Acid Spill

What is called the largest fracking acid spill in state history has gone before the Oklahoma Supreme Court. Blake Production Co. has appealed a more than $10,000 fine from the Oklahoma Corporation Commission as a result of the spill that involved an e…

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Significant Inventory Decline Leads to Big Jump in Crude Oil Futures

The U.S. oil benchmark scored its biggest one day jump in three weeks Wednesday after weekly government data showed a large and unexpected fall in U.S. crude inventories and an increase in demand by refineries.
On the New York Mercantile Exchange, We…

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Williams Sues ETE and Billionaire Founder Warren Over Disclosed Stock Deal

Two weeks after Tulsa was stunned by the possible loss of Williams Cos. in its merger with Dallas-based Energy Transfer Equity, Williams has filed suit against ETE and its billionaire founder Kelcy Warren over a private stock offering revealed in early…

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Federal Government to Block Halliburton Merger with Baker Hughes

The U.S. Justice Department is moving to court in an attempt to block Halliburton Company’s nearly $35 billion purchase of Baker Hughes Inc. The lawsuit was filed Wednesday in the U.S. District Court for the District of Delaware where the two companie…

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Oil Futures Down Again as Traders Anxiously Await Data

Oil futures ended lower in a wild trading session Tuesday, unable to overcome doubts that a major global agreement to freeze production will be reached this month.
On the New York Mercantile Exchange, West Texas Intermediate crude futures for delivery…

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California Teachers System Wants to Hold Continental Resources Accountable for Methane Emissions

The recent controversial massive gas leak in California that forced the evacuation of thousands of residents is apparently having a spillover effect on one Oklahoma City oil and gas company. After increasing its stake to more than $3 million in shares …

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Colorado Candidate Says God Causes Earthquakes—–Not Fracking

One of the candidates for the Republican nomination for U.S. Senate in Colorado is taking heat for suggesting that fracking isn’t causing earthquakes—God does.
As reported, El Paso County Commissioner Peg Littleton is credited with making the sugges…

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State’s Economy is Considered One of the Worst in the Nation

While Oklahoma struggles through oil company bankruptcies, tumbling prices and a massive state-government budget hole, the state’s ailing economy is one of the worst in the U.S.
A new report from a Washington, D.C.-based publication called State Polic…

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Cheapest Gasoline in U.S. is in Oklahoma where the Average is $1.81 a gallon

Oklahoma has the cheapest gasoline in the U.S. according to the latest Fuel Gauge Report from AAA Oklahoma. The state’s new average is $1.81 or more than 5 cents cheaper than eleven days ago. South Carolina has the second lowest average at $1.85 per ga…

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