More oil is in storage worldwide than the U.S. Energy Information Administration thought, leading the government agency this week to lower its forecast of the average price of Brent crude oil for the remainder of the year. The EIA forecast the price to…
Oil prices settled lower Tuesday, a day after hitting their highest settlements of the year.
April West Texas Intermediate ended trading at $36.50 a barrel, down $1.40, or 3.7%, on the New York Mercantile Exchange after tapping highs above $38 earlier…
Oil futures rallied on Monday, posting their highest settlements of the year, on hopes that major producers will curtail supply and amid hopes of improving demand.
April West Texas Intermediate crude climbed by $1.98, or 5.5%, to settle at $37.90 a ba…
Not only is the Oklahoma Corporation Commission’s Oil and Gas Division targeting another 400 Arbuckle disposal wells for reduction in a new earthquake response plan for central Oklahoma, it is expanding an “area of interest” encompassing nearly 10,000 …
While U.S. Senator Jim Inhofe and others on the Senate Environment and Public Works Committee pressure the Pipeline and Hazardous Materials Safety Administration to finish proposing safety rules required under a 5-year old law, the senate’s given unani…
A Dallas-based energy company says it drilled six straight wells in Coleman County, Texas and hit six straight times. International Western Petroleum, Inc. of Irving recently completed the 6-well drilling program on 220 acres in the county located sou…
The New Mexico Supreme Court has overturned a lower court ruling in a lawsuit filed by residents against Shell Oil Co. several years ago. The high court says the lower court was wrong to prevent residents of a southeastern New Mexico neighborhood from …
The Committee for Sustaining Oklahoma’s Energy Resources (SOER) will hold a free roundtable forum Wednesday in Oklahoma City to helpl oil and natural gas producers with management of properties considered to be marginal or in the red because of market …
Oklahoma and regional states continued to lose active oil drilling rigs as a result of the energy slump, according to Baker Hughes Incorporated. Oklahoma lost three more rigs to reach a level of 70 this week, almost half in comparison to the 139 rigs i…
Coming soon—another earthquake and wastewater disposal well plan from the Oklahoma Corporation Commission. Weeks after announcing a plan that covered at least 5,200 square miles and 245 disposal wells in northwestern Oklahoma, the commission now says…
