Category: Oil & Gas

Oil Exploration Continues in Oklahoma Despite Falling Prices

Oil prices might be around $27 to $28 a barrel, but exploration companies keep drilling in Oklahoma as witnessed by some of the latest completion reports published on OK Energy Today.
Oklahoma City-based Continental Resources filed completion reports …

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Oil Exploration Continues in Oklahoma Despite Falling Prices

Oil prices might be around $27 to $28 a barrel, but exploration companies keep drilling in Oklahoma as witnessed by some of the latest completion reports published on OK Energy Today. (See OK Energy Today)
Oklahoma City-based Continental Resources fil…

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Quarterly Distribution Announced by EnLink Midstream

Dallas-based EnLink Midstream companies announced Thursday quarterly distributions for EnLink Midstream Partners LP and EnLink Midstream LLC for the fourth quarter of 2015.
The quarterly distribution on the Master Limited Partnership’s common units wi…

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Energy Group Praises SandRidge and State Earthquake Agreement

The Oklahoma Oil and Gas Association is calling an agreement between the state and SandRidge Energy a “positive outcome” in the move to reduce injection well operations suspected of causing earthquakes in northern Oklahoma.
“The processes at the Corpo…

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What Looms Ahead for Oil and Gas Companies

No telling what fourth quarter earnings will be like for some of the oil and gas firms in Oklahoma when they issue reports in the coming days. But here’s an indication why Devon Energy is making layoffs and other companies are retrenching their product…

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Biggest Oil Pipeline Yet Approved in North Dakota

The biggest capacity crude oil pipeline proposed for North Dakota won approval this week by North Dakota regulators. The $3.8 billion line, stretching 1,150 miles across four states, would move nearly 600,000 barrels daily from the Bakken oil patch t…

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Devon Energy to Start Layoffs Amidst Downturn in Prices

Devon Energy has become another major energy company in Oklahoma to blink in the midst of the oil price downturn. The Oklahoma City based company confirmed Wednesday it is preparing to make layoffs over the next few months, calling it a “necessary part…

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SandRidge Agrees to New Reduction of Injection Wells in Northern Oklahoma

The Oklahoma Corporation Commission announced Wednesday that SandRidge Energy has agreed to a plan to reduce the volume of wastewater being injected in the Medford and Cherokee/Byron areas and convert some wells from disposal to research operations. Th…

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Chesapeake Settles More Lawsuits over Texas Leases

Oklahoma City-based Chesapeake Energy has started settling some of the so-called “high value” lawsuits filed against it in Texas where it was accused of miscalculating millions of dollars in royalty payments from gas wells on their property, according …

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More Hedges for WPX Energy in Wake of Falling OIl Prices

The sliding oil prices have prompted Tulsa-based WPX Energy to take protective steps this week as it announced Wednesday it has added more hedges to protect cash flows and repurchased a portion of notes that are due in early 2017. The company said near…

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