“I know this news is unsettling.” Alan Armstrong, CEO of Williams Cos.
Word that the merger of Williams Cos. with Dallas-based Energy Transfer Equity will likely mean the consolidation of corporate offices and headquarters and relocation to Texas…
Category: Oil & Gas
Crude Oil Futures Decline Before Market Holiday
Oil futures finished lower Thursday after a report showed that the number of rigs actively drilling for crude in the U.S. fell over the past week, suggesting that production might soon decline.
On the New York Mercantile Exchange, May West Texas Inter…
Rig Counts Tumble Nationally and in Oklahoma
Oil prices aren’t the only things falling this week. So are the rig counts in Oklahoma and across the U.S. according to the latest figures released by Baker Hughes Company of Houston, Texas.
Oklahoma’s count fell by three to reach 63, down from the 13…
Fracking Fraud Leads to $1.8 million Penalty Against Texas Attorney
A nearly $1.8 million penalty has been leveled by a federal judge against Texas attorney Gregory G. Jones in a fracking and securities fraud case. Jones was charged last year by the Securities and Exchange Commission for bilking investors in two securi…
Oil Futures End Below $40 a Barrel
Oil futures ended below $40 a barrel on Wednesday after U.S. government data revealed a sixth straight weekly climb in crude supplies that was about three times higher than the market expected.
Gasoline supplies dropped and demand remained strong, hin…
Chesapeake Won’t Settle with Fort Worth in Royalty Fight
While Oklahoma City-based Chesapeake Energy returned to court Wednesday morning in a fight over natural gas royalty payments to the city of Fort Worth while the city reached a $6 million settlement with Chesapeake’s partner, Total, a branch of the Fren…
Iran Vows to Increase Oil Exports
As if things weren’t bad enough in Oklahoma’s oil patch, now comes word that Iran plans to hike its oil exports by nearly a quarter in the first few months of the Persian New Year which started last weekend, acording to Genscape.
Iran’s production in …
Quarterly Results to be Released Wednesday by Tulsa’s Cypress Energy
Tulsa-based Cypress Energy Partners, L.P. plans to release its fourth quarter 2015 financial results on Wednesday. The release will be made after the close of trading on the New York Stock Exchange. It will also hold a conference call at 4 p.m. on the …
SandRidge Sets Release Date for Quarterly Report
Faced with huge financial problems and challenges, SandRidge Energy has finally announced a date to release its 2015 fourth quarter and full-year financial results.
The Oklahoma City-based energy company says the results will be release after the clos…
Oil Futures End Higher as April Contracts Expire
Oil futures finished higher on Monday, recouping much of the losses seen at the end of last week, as traders weighed the likelihood of a slowdown in production and took their positions for the expiration of the April contracts for West Texas Intermedia…
