While Oklahoma has no ethanol manufacturing operations, the U.S. ethanol industry added $44 billion to the nation’s gross domestic product in 105 according to a new study by ABF Economics. It also supported nearly 360,000 jobs.
The study was released…
Category: Oil & Gas
Ethanol Industry Boasts of Helping National Economy
Oklahoma to Feel Impact of Iran’s First Oil Export Shipment
Oil producers in Oklahoma and the rest of the nation will soon feel the impact of competition from Iran as the country made its first crude oil shipment after the nuclear agreement was reached with the Obama administration. The shipment went to Europe …
Kansas Hurting from Oil and Gas Downturn Too
Oklahoma’s not alone in dealing with a state government budget that’s hurting because of the worldwide oil glut and the downturn in prices.
As the Wichita Eagle reported this week, so is Kansas and most of the counties struggling in the downtown are o…
State to Release Massive Injection Well Plan Targeting Earthquakes
The Oklahoma Corporation Commission announced over the weekend it finalized a plan to reduce more wastewater injection well operations and started notifiying disposal well operators in an effort to bring about a reduction of earthquakes in the region. …
Earnings Reports Coming this Week from Three Oklahoma Energy Companies
A big week for three Oklahoma based energy companies as we learn more about their financial status during this prolonged oil and gas downturn. Devon Energy, Seventy Seven Energy Inc. and Williams Cos. will release their fourth quarter and full-year 201…
5.1 magnitude Quake Strikes Near Fairview
One of the strongest earthquakes in more than a few years in Oklahoma struck Saturday morning in Major County. It measured 5.1 magnitude and according to the U.S. Geological Survey struck at 11:07 a.m. and its epicenter was located 17 miles northwest …
Oklahoma and U.S. Rig Counts Drop Again
Another dismal week has been reported of the rig counts in Oklahoma and the U.S. as both suffered losses—four for Oklahoma and 30 nationally according to the latest data from Baker Hughes Corporation in Houston, Texas.
Oklahoma dropped by four more …
Devon Leaders Sell Off Thousands in Shares while Values Drop
With what some analysts described as a “deteriorating net income” at Oklahoma City-based Devon Energy, several of the firm’s top executives, including President and CEO David Hager sold off shares this week, according to filings with the Securities and…
Dollar Gasoline Close at Hand in OKC
Closer and closer to $1 a gallon for gasoline in Oklahoma. Will it happen? The cheapest gasoline in the state, according to Gas Buddy is $1.06 in south Oklahoma City. And more than a dozen stations and convenience stores are pumping gasoline in Oklah…
Jones Energy Freezes New Drilling in Western Oklahoma and Texas Panhandle
Optimism still abounds at Jones Energy, the Austin, Texas based independent energy company that is active in western Oklahoma and the Texas Panhandle. The company reported 2015 year-end reserves grew despite a nearly 60 percent cut in the company’s cap…
