Tallgrass Energy based in Leawood, Kansas is paying $440 million for part of the Rockies Express Pipeline company. The purchase is being made by Tallgrass Development’s wholly owned subsidiary, Rockies Express Holdings, LLC. The firm is acquiring Sempr…
Category: Oil & Gas
SandRidge Debt Grows——Company Slashes Capital Spending by 60 percent
SandRidge Energy in Oklahoma City released its long-awaited fourth quarter and 2015 fiscal reports, indicating its debt has grown to $3.6 billion dollars after losses were reported in both the fourth quarter and for the year.
The debt for 2015 grew to…
Feds order Firms to Cough up $1.5 million for Not Paying OT to Oilfield Workers
Some 241 oil well service workers in Texas and New Mexico are being paid a total of $1.5 million, including $750,000 in back wages following a federal government investigation into the oil and gas sectors in both states.
Nova Mud Inc., Nova Hardbandin…
SandRidge Debt Grows——Company Slahses Capital Spending by 60 percent
SandRidge Energy in Oklahoma City released its long-awaited fourth quarter and 2015 fiscal reports, indicating its debt has grown to $3.6 billion dollars after losses were reported in both the fourth quarter and for the year.
The debt for 2015 grew to…
WTI, Brent Crude Futures Slip Below $40 A Barrel
Oil futures fell for a fifth straight session on Tuesday to settle at their lowest level in two weeks, as traders braced for industry reports that are likely to show another increase in U.S. crude supplies, according to Bloomberg Marketwatch.
Prices s…
Oklahoma Energy Index Falls for 13th Consecutive Month
The contraction of the Oklahoma Energy Index continues, and it is Oklahoma?s rural communities that have faced the greatest economic hardship.
The Oklahoma Energy Index contracted for the 13th consecutive month in January, leaving activity in the sta…
SOER Starts Survey of Marginal Oil Producers hit by Low Prices
Low petroleum prices continue to pummel producers all across Oklahoma hard. Among the hardest hit are the small and marginal producers who don?t have very deep pockets when it comes to weathering the low-price storm. Many of those producers are seein…
Wyoming Losses Energy Jobs and Population in Downturn
The energy downturn is affecting the state of Wyoming in a way it didn’t see coming…..an outward migration of people. In short, more people are leaving the state than are coming to make a home there and State leaders put the blame on the loss of thou…
Commissioner Says Quake Report Supports State Actions——-Legislator Says the Commission’s Blowing Smoke
Oklahoma Corporation Commissioner Dana Murphy says the new U.S. Geological Survey report proclaiming Oklahoma as the state with the highest earthquake risk in the U.S. supports the actions taken by the commission in targeting the state’s saltwater disp…
Oil Futures Mark Fourth Straight Loss
Oil futures settled lower for a fourth straight session on Monday, as traders showed caution in extending a hefty month-to-date price gain ahead of a meeting in April to address the global oil glut among major crude produers, according to Bloomberg Mar…
