Oklahoma and regional states continued to lose active oil drilling rigs as a result of the energy slump, according to Baker Hughes Incorporated. Oklahoma lost three more rigs to reach a level of 70 this week, almost half in comparison to the 139 rigs i…
Coming soon—another earthquake and wastewater disposal well plan from the Oklahoma Corporation Commission. Weeks after announcing a plan that covered at least 5,200 square miles and 245 disposal wells in northwestern Oklahoma, the commission now says…
Condolences continued to pour in on the tragic death of Oklahoma oil industry legend, Aubrey Kerr McClendon, who died Wednesday morning following a single-vehicle accident.
Oklahoma Senator James Lankford stated, “The death of Aubrey McClendon is a tremendous tragedy for his family and for Oklahoma. His death leaves an empty void for many in the Oklahoma City community.”
Chad Warmington, President of the Oklahoma Oil & Gas Association, spoke of the late McClendon as an oil and natural gas industry pioneer.
“His vision and leadership helped make Oklahoma the leader it is in oil and natural gas development. The impact of his life’s work is evident throughout the industry. He was also an incredibly proud Oklahoman who loved his state and demonstrated that through incredible generosity,” said Warmington.
McClendon co-founded Chesapeake Energy Corporation with Tom Ward in 1989. Following his departure from Chesapeake, McClendon founded American Energy Partners, LP in 2013. He was indicted on March 1, 2016 on allegations of bid rigging in northwest Oklahoma. His death remains under investigation.
The federal indictment this week against Oklahoma oilman Aubrey McClendon should not have been a surprise to him nor to his attorneys. Unless he felt that with his departure as the head of Chesapeake Energy, the Justice Department no longer was interes…
Another drop in ethanol production in the U.S. was reported last week. The production averaged 987,000 barrels a day or 41.45 million gallons daily. But that is a decline of 7,000 barrels a day from the previous week, according to the Energy Informatio…
The government says crude oil production was up in 2015 nationwide and in Oklahoma. But production also started showing some declines in December as oil prices continued their plunge, rigs were idled and layoffs started in the oil patch.
The U.S. Ener…
Oklahoma State Treasurer Ken Miller is out with his latest Oklahoma Economic Report detailing how the energy slump continues to hurt the state’s economy. As Miller announced earlier, the monthly gross receipts to the Treasury in January took their larg…
The government says crude oil production was up in 2015 nationwide and in Oklahoma. But production also started showing some declines in December as oil prices continued their plunge, rigs were idled and layoffs started in the oil patch.
The U.S. Ener…
Oklahoma City-based American Energy Partners LP has announced plans to spin off its American Energy-Permian Basin LP and American Energy-Woodford LP into independent and stand-alone companies.
The announcement comes nearly a year after the company mad…
After doubling its workforce in the past five years and expanding manufacturing operations to more than 150,000 square feet, Tulsa-based D and L Oil Tools has felt the impact of the spreading energy downturn.
The company announced this week it is layi…
