It isn’t smooth sailing where the rubber meets the road when driving in northern Oklahoma near the entrance to Lake McMurtry. In fact, there have been quite a number of bumps in the road near Perry along State Highway 86. The same holds true for County Road 58 up in Noble County as well as …
Traders let it ride on Tuesday, rewarded with a surge in crude oil future prices as the American Petroleum Institute again confirmed a supply decrease of 5.1 million barrels, according to Bloomberg MarketWatch. July West Texas Intermediate crude added 54 cents, or 1.1%, to close out trading on the New York Mercantile Exchange at $48.62 …
Oklahoma City’s financially challenged Chesapeake Energy Corp. has agreed to another deal to exchange its outstanding shares in exchange for debt, according to documents on file with the Securities Exchange Commission. The move is yet another effort as the company wrestles with billions in debt. The filing, made Monday indicated the amount involved about 5 …
The energy downturn hasn’t stopped BlueJack Energy Solutions LLC in Dallas from securing up to $100 million in equity commitment from Energy Spectrum Capital through Energy Spectrum Partners VII LP. While rig counts have dropped in the past two years, there is still a need to dispose of wastewater from the wells being drilled in …
Tulsa-based NGL Energy Partners LP plans to host an earnings call on Friday to discuss its financial results for the fiscal year that ended March 31, 2016. The 9 a.m. CDT call will be available to analysts, investors and other interested parties. The call will also come after NGL distributes its earnings press release following …
Barnett Shale joint venture partners, Chesapeake Energy Corporation and Total E&P USA, have agreed to settle a class-action lawsuit in Fort Worth, Texas for $52.5 million, according to a report published in The Oklahoman. The 2014 and 2015 lawsuits were filed in north Texas by nearly 13,000 property owners in Johnson, Tarrant and Dallas counties …
Linn Energy, LLC and LinnCo, LLC announced that the companies received a delisting notification from NASDAQ on Monday. According to a press release, Linn Energy and LinnCo securities will be suspended prior to the open of the stock market on Tuesday, May 24, 2016, effectively removing the companies’ securities from listing and registration. Linn Energy …
Supply and demand continues to perplex the energy industry as crude oil futures slid lower on Monday, according to Bloomberg MarketWatch. July West Texas Intermediate crude fell by 33 cents, or 0.7%, to end trading on the New York Mercantile Exchange at $48.08 a barrel. On London’s ICE Futures Exchange, July Brent crude, the …
Some farmers in New York think they’ve found a way to get around the state’s new law that banned hydraulic fracturing using water. Their method? Liquefied Petroleum Gas. The Snyder Farm Group, according to Natural Gas Now, has contracted with the Texas-based Tioga Energy Partners to use propane fracking technology which is not banned by …
Oklahoma City based-Tapstone Energy chairman Tom Ward says if the nation is ever going to see any major increase in oil exploration and production, prices will have to hit $75 a barrel. Not $50. It’s what Ward told CNBC’s “Squawk Box” in a recent appearance, stating, “In our business, the dirty little secret is you …
