Energy facts for consideration in Oklahoma. The average price for oil in Oklahoma in June was $44.94. Two years ago, it was $101.29 a barrel, according to a monthly report issued by the Oklahoma Corporation Commission on oil and gas activity. The nearly $45 average for June 2016 compares to $55.99 a barrel in June of …
Gasoline prices have again slipped in Oklahoma, reaching an average of $1.92, a drop of 2 cents over the past week, according to figures compiled by AAA Oklahoma. The organization says Oklahoma is tied with Arkansas for the fifth lowest average price in the nation. Fourteen states have averages under $2 a gallon with South …
One of Chesapeake’s latest oil wells is a 684 barrel-a-day well close to the Kingfisher County town of Dover. The completion report, as published by OK Energy Today, shows the MUEGGENBORG well is only a mile southeast of Dover. It was also a fast-moving operation since Chesapeake Operating LLC had a May 4 spud date …
Seventy Seven Energy Inc. announced on Monday that it has emerged from Chapter 11 bankruptcy protection after successfully completing its prepackaged restructuring and recapitalization efforts, according to a company press release. The Oklahoma City-based company filed for Chapter 11 reorganization in the United States Bankruptcy Court for the District of Delaware on July 14, 2016. …
The bears clawed their way to the top of an unstable oil futures market as both West Texas Intermediate and Brent crude fell sharply on Monday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September WTI crude dropped $1.54, or 3.7%, to end at a three-month low of $40.06 a barrel, allowing the …
The State of Texas has joined North Dakota in filing suit against the Environmental Protection Agency in a challenge of new methane emission rules for the oil and gas industry. In a filing with the D.C. Circuit Court of Appeals, Case #16-1257, Texas Attorney General Ken Paxton asked for a review of the EPA’s final …
Whether it will result in a speedup of drilling requests in Oklahoma’s Osage County is a question that remains to be seen, but the government says it will adopt plans to reduce delays in permitting oil and gas drilling on federal and Indian lands. Technically, all of Osage County is considered to be under the control …
It’s been 17 years since Exxon Mobil Corp has seen a quarterly report as weak as the one it just reported for the second quarter of 2016. The company earned $1.7 billion but the earnings were down 59 percent from a year ago as Chairman and CEO Rex Tillerson said the results “reflect a volatile …
U.S. oil futures settled higher on Friday as investors remained concerned about oil inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude added 46 cents, or 1.1%, to settle at $41.60 a barrel. For the week, prices were down 5.9% and saw a monthly loss of 13.9%. The …
Oklahoma City-based Blueknight Energy Partners L.P. will release its second quarter 2016 financial results Tuesday, August 2, 2016. The release will come after the close of markets on Tuesday then the Partnership will discuss the results during a Wednesday conference call at 1:30 p.m. CDT. Blueknight Energy owns and operates midstream energy assets of nearly …
