The oil and gas producers in Osage County who sued the Bureau of Indian Affairs for allegedly delaying applications for drilling permits had their suit thrown out of court Wednesday by Tulsa U.S. District Judge Gregory Frizzell. He dismissed the suit without prejudice and in essence, agreed with the BIA that the Osage Producers …
Schlumberger, the world-wide company with operations in Oklahoma City and El Reno has widened its holdings with the purchase of a France-based engineering, manufacturing and service company. The cost isn’t known but Schlumberger has acquired Saltel Industries, a firm that offers expandable patches and steel packers technology in the oil and gas industry. Saltel is …
A review of Colorado’s year-old law increasing fines on energy companies for breaking health, safety and environmental rules shows firms might be more careful with their operations. The Associated Press found that regulators levied 74 fines totaling $5.3 million in the past year, far more than any year for the past 20 years. The …
A Pennsylvania judge has thrown out a lawsuit filed by landowners upset with fracking opponents. A developer and a dozen of the landowners sued the opponents, seeking damages for royalties they were not able to collect from gas drilling companies who have leases to drill on their land in western Pennsylvania. The fracking opponents argued …
Iowa regulators indicated they are about to give the go-ahead for a Texas energy company to build a 346 mile long Bakken oil pipeline carrying a $3.78 billion price tag. Two of the three members of the Iowa Utilities Board indicated they are prepared to approve the request made by Dakota Access LLC, a unit …
Mixed news of rising oil inventories coupled with unconfirmed reports that crude production restrictions may be a discussion item at Thursday’s biannual OPEC meeting in Austria sent oil futures rallying on Wednesday afternoon despite falling below $48 a barrel, according to Bloomberg MarketWatch. July West Texas Intermediate crude fell 9 cents, or 0.2%, to end …
Push back is underway against Reuters for a recent story that blamed Oklahoma’s oil industry for its $1.3 billion dollar budget gap and resulting large cuts in funding for education. It comes from the Independent Petroleum Association of America and its public outreach campaign, EnergyIndepth.org based in Dallas, Texas and accuses Reuters of ignoring some important …
All eight sitting members of the Chesapeake Energy Board of Directors were re-elected at a recent annual shareholders meeting held in Oklahoma City. R. Brad Martin was re-chosen as chairman of the board while Archie W. Dunham continued as Chairman Emeritus. Others re-chosen by shareholders were Vincent J. Intrieri, Robert d. Lawler who is also …
Two weeks after choosing not to make an interest pay of $21.5 million, Oklahoma City-based Seventy Seven Energy Inc. is apparently still on path toward filing Chapter 11 bankruptcy. The company announced May 13 it had entered into a second amended and restated restructuring support agreement with some of its lenders. It was a move …
The longest horizontal onshore lateral ever drilled in the U.S. has been announced by Halliburton. The company said it worked with Eclipse Resources Corporation to complete hydraulic fracturing on the lateral test well known as “Purple Hayes” in the Utica Shale. It had a lateral length of more than 18,500 feet and was completed with …
