The northern Oklahoma region where earthquakes have become a daily part of the routine is seeing more and more oil and gas wells completed and made operational.
A check of the well completion reports published on OK Energy Today showed four more wells…
Category: Oil & Gas
More Oil Wells—More Wastewater in Alfalfa County
Crude Tumbles as Sanctions Against Iran are Lifted
Just what the oil and gas industry in Oklahoma didn’t need—the huge release of Iran’s oil reserves on the world market. The lifting of U.S. sanctions over the weekend as part of the Obama administration’s nuclear deal with Iran immediately prompted o…
Lawsuit Challenges Williams’ Merger
While speculation mounts whether the merger between Williams Cos. in Tulsa and Energy Transfer Equity in Dallas might fall apart, a shareholder in the Tulsa-based Willias Cos. has filed a class-action lawsuit against both firms. It was filed by John Bu…
Massive Increase in Injection Well Use in Oklahoma in Past 6 Years
Records show the volume of wastewater from oil and gas wells in Oklahoma rose 81 percent in the past six years, according to a report in The Tulsa World. The paper found that the amount of wastewater injected into the Arbuckle, the state’s deepest geol…
Taxbreaks for Homeowners Harmed by Man-Made Earthquakes
State Rep. Mike Shelton, (D-OKC) figures if the oil and gas industry gets huge tax breaks from the Oklahoma legislature, then homeowners who bought insurance because of earthquakes should get a break too.
He plans to file such a bill in the coming leg…
Nation’s Rig Count Falls Again while Oklahoma Adds
The nation’s oil and gas rig count fell again last week while was one of the few states to see an increase, according to figures released by Baker Hughes Company of Houston, Texas. Nationally, the count slipped by 14 while Oklahoma added four rigs to r…
Packed Hearing on Earthquakes and Injection Wells
So many Oklahomans attended Friday’s state capitol earthquake hearing that it had to be moved from a meeting room to the House chambers. Representative Richard Morrissette’s hearing provided an avenue for angry Oklahomans to ask questions and demand an…
South of the Border for Aubrey McClendon’s OKC Company
Oklahoma City-based American Energy Partners, LP has reached out and signed an exploration agreement with YPF, an energy firm considered to be the main oil producer in Argentina. Under the agreement signed by Aubrey K. McClendon of American Energy and …
Merger turns Shaky for Williams Cos. and Energy Transfer
Reports are growing of the possibility that the $40 billion merger of Energy Transfer Equity LP and Tulsa-based Williams Cos. might be called off because their stock has taken a huge fall.
The deal was announced last September and was expected to be c…
Hamm’s Prediction—-$60 Oil by End of the Year
Sixty dollar oil by the end of the year? It’s what Oklahoma oilman Harold Hamm, chairman of Continental Resources has predicted in an interview with the Wall Street Journal. He made his prediction on Wednesday as oil prices fell below $30 a barrel, th…