Category: Oil & Gas

Commissioner Says Quake Report Supports State Actions——-Legislator Says the Commission’s Blowing Smoke

Oklahoma Corporation Commissioner Dana Murphy says the new U.S. Geological Survey report proclaiming Oklahoma as the state with the highest earthquake risk in the U.S. supports the actions taken by the commission in targeting the state’s saltwater disp…

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Oil Futures Mark Fourth Straight Loss

Oil futures settled lower for a fourth straight session on Monday, as traders showed caution in extending a hefty month-to-date price gain ahead of a meeting in April to address the global oil glut among major crude produers, according to Bloomberg Mar…

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Oil and Gas Group Skeptical of USGS Earthquake Maps—Calls it “Simplistic Approach”

While environmentalists applauded the new earthquake maps released by the U.S. Geological Survey because they showed potential areas caused by human inducement, the Oklahoma Independent Petroleum Association had other thoughts.
Kim Hatfield, chairman …

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$420 million Sale of Assets Announced by EP Energy Corp.

A $420 million sale of its assets in the Haynesville and Bossier shales has been announced by Houston, Texas-based EP Energy Corp. The properties located on the border of Texas and north Louisiana will be bought by Dallas-based Covey Park Gas LLC, a th…

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Environmental Activists Continue Disruption of Oil and Gas Auctions

Environmentalists who say the Gulf of Mexico is their next front in the fight against oil and gas drilling made their point recently by protesting a federal auction of the oil and gas drilling leases in the Gulf of Mexico. About 300 climate activists s…

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OERB Starts Survey of Marginal Oil Producers hit by Low Prices

Low petroleum prices continue to pummel producers all across Oklahoma hard. Among the hardest hit are the small and marginal producers who don?t have very deep pockets when it comes to weathering the low-price storm. Many of those producers are seein…

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EIA: Half of U.S. Lower 48 Production Comes From 2-Year-Old Wells

The U.S. Energy Information Administration reported nearly half of the oil pumped in the lower 48 states last year flowed from wells that were drilled sometime after the start of 2014, showing the reach of short-cycle shale production and technological…

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Promotions at Plains All American

Plains All American Pipeline, the Houston firm with big operations at the Cushing tank farm announced several officer promotions over the weekend.
Steve Falgoust, Dean Gore, Barrry Holtzman, Megan Prout, James Robert and Jim Tillis were each promoted …

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Fitch Gives Stable Rating to Noble Despite Energy Firm’s $8 billion Debt

Noble Energy, the firm once founded in Oklahoma and headquartered in Ardmore gets a ‘stable’ Rating Outlook from Fitch Ratings as well as a “BBB-‘ first-time ratings to the company’s Long-term Issuer Default Rating and senior unsecured ratings.
The an…

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Phillips 66 to release 1st Quarter Financial Results in Late April

We’ll know how good or bad the economic situation is for Phillips 66 later in April when the company will release its first-quarter financial reports. The executive management will release the results on Friday, April 29 and also hold a conference call…

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