Oklahoma City legislator Richard Morrissette not only is sponsoring a public forum to be held at the State Capitol on wastewater and the injection wells thought to be causing Oklahoma’s earthquakes, he wants an interim legislative study on the issue. He filed the request last week on the day of the deadline for such requests. …
A state legislator who is running for an Oklahoma Corporation Commission seat and the Ponca Nation Council will hold an Oil and Gas Industry Forum Tuesday exploring a way to reduce wastewater injection and the number of earthquakes in the state. The forum will be held at the State Capitol and focus on …
U.S. oil futures finished below $50 a barrel on Friday as traders worried about an increase in production due to higher settlements, according to Bloomberg MarketWatch. July West Texas Intermediate crude fell $1.49, or 3%, to end trade on the New York Mercantile Exchange at $49.07 a barrel. For the week, WTI futures rose almost …
State legislators could be making another study and examination of oil and gas drilling in relation to homes and businesses and the rights of those property owners. First, the State House Speaker has to approve the request for an interim study proposal that was made by Rep. Steve Kouplen, (D-Beggs) who submitted it prior to …
After nearly 80 years, Mexico is getting its first gas station that isn’t owned or operated by the government-owned Pemex corporation. Two companies recently opened three gas stations under their brands, a result of energy reforms passed two years ago by the federal government. The company, Hidrosina opened one in Mexico City while the …
The U.S. Geological Survey now says Western Colorado has far, far more natural gas than previously thought…maybe 40 times more. It’s what government and industry experts recently said in Denver, explain the Mancos Shale formation in the state’s Piceance Basin holds an estimated 66.3 trillion cubic feet of gas. That’s a huge increase from …
In order to settle a Federal Trade Commission complaint that a merger of Williams Companies with Energy Transfer Equity would harm competition in Florida, the two companies have agreed to dump Williams’ interest in an interstate natural gas pipeline. The FTC made the announcement, indicating the proposed consent agreement “preserves competition between Florida Gas Transmission …
A state government agency discussed Seventy Seven Energy Inc.’s pending bankruptcy in executive session on Thursday in an effort to determine what impact it may have on the company’s injured workers. The Oklahoma Workers’ Compensation Commission met on Thursday afternoon to discuss Seventy Seven Energy’s status as an impaired opt-out self-insured under the restructured Oklahoma …
While oil prices retreated on Thursday, natural gas futures forged ahead to achieve their best settlement since September, according to Bloomberg MarketWatch. July West Texas Intermediate crude slid 67 cents, or 1.3%, to settle at $50.56 a barrel on the New York Mercantile Exchange, after reaching $51.23 a barrel on Wednesday. On London’s ICE Futures …
A bid by Houston-based Meridian Energy Group Inc. to build an $850 million oil refinery only 3 miles from the Theodore Roosevelt National Park in western North Dakota is delayed again by county leaders in Medora. If approved, it would be the nation’s newest refinery. Billings County Commissioners decided this week to wait until July …
