Category: Oil & Gas

Williams Slashes $1 billion from Capital Expenditures as Prices Remain Low

Tulsa based Williams and Williams Partners have announced they’re slashing their 2016 growth capital funding by nearly $1 billion or 32 percent from the partnership’s previous plans. The new funding goal totals $2 billion and according to the Monday an…

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Feds Now Want ‘Flaring’ Practice Banned on Public Lands

Stating that 40 percent of the methane gas being ‘flared’ or burned off by oil companies on public lands could be captured economically and sold, the Obama administration wants to create new rules putting an end to the practice. A report by the Governm…

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SandRidge Energy Unloads Holdings in downtown OKC and West Texas

Two big financial announcements were made recently by financially-struggling SandRidge Energy, Inc. in Oklahoma City. On Friday, the company announced it and a third party agreed to settle all claims between them arising out of a 30-year agreement for …

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Rig Counts Fall Nationally—Fewer Oil Hands Working in the Cold

The rig count in Oklahoma remained steady at 87 in the past week while the nation’s count fell by 13 to reach a U.S. total of 637, according to the latest rig count from Baker Hughes Company based in Houston, Texas. It’s another indication there are fe…

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Laredo Petroleum President Stepping Down

The resignation of Jay P. Still as president and chief operating officer of Tulsa-based Laredo Petroleum will be effective Jan. 28. The company announced his resignation this week, just as the firm also laid off about 75 employees and said it would be…

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Exchange Warns Seventy Seven Energy

Those sliding oil and natural gas prices have taken a hit on another Oklahoma based energy company as its trading on the New York Stock Exchange has dropped to such low points that it has been warned of being in non-compliance.
Seventy Seven Energy In…

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Chesapeake Energy Suspends Quarterly Dividends

While other companies have reported quarterly dividends, Oklahoma City-based Chesapeake Energy has suspended payments on each series of its outstanding convertible preferred stock effective immediately.
Money problems have caught up with the company a…

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Some say Oklahoma Should Follow Arkansas in Earthquake Actions

If the state of Arkansas responded and solved its earthquake problem apparently caused by energy industry injection wells, why can’t the state of Oklahoma do the same thing? It’s what News 9 reporter Alex Cameron investigated and reported on this week…

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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.
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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