Two major pipeline companies blamed for a 2015 crude oil pipeline break off the coast of California agreed this week to a $230 million lawsuit settlement that was also approved by a judge. The spill involved more than 140,000 gallons of crude oil into the ocean. A lawsuit blamed All American Pipeline, L.P. and …
What’s holding back crude oil production in North Dakota? Simple answer according to oil and gas industry leaders who gathered recently for the North Dakota Petroleum Council annual meeting in Watford City. “A shortage of trained workers,” sited the leaders. State Mineral Resources Director Lynn Helms estimates the state has seven to 10 drilling …
The Kansas City Federal Reserve Bank reports that manufacturing in the Tenth District that includes Oklahoma is still on a downward slide. Chad Wilkerson, vice president and economist at the bank said it’s the findings of a recent survey. “Regional factory activity was sluggish overall in September,” said Wilkerson. “However, firms continued to add …
Devon Energy recently completed a four-well pad project in Oklahoma’s STACK with combined crude oil production of nearly 1,200 barrels a day. The Canadian County project, located at 5 14N 9W, a site 12 miles west of Okarche had completions in July of this year with combined production of 1,167 barrels of oil a …
Carl Icahn, the investor who owns SandRidge Energy and most of CVR Energy in Oklahoma came out with a dire warning for investors this week, predicting a recession is likely on its way in this country. “The worst is yet to come,” he told Marketwatch at the Best New ideas in Money Festival …
What will oil prices do to start the week? Anything might be better than the 5% plunge on Friday where crude price dropped to an 8-month low and left Oklahoma energy stocks reeling. It came as the U.S. dollar hit its strongest level in more than two decades and growing fears that increasing interest …
** Stephen Chazen, an industry veteran whose career included leading Occidental Petroleum Corp. and the founding of an independent Texas oil and gas producer, died on Sept. 23 at the age of 76. ** California is committing to a plan that will make it the first US state to phase out gas-fueled furnaces and water heaters …
Oklahoma Corporation Commissioner Bob Anthony issued a statement Thursday again condemning the winter securitization bond projects totaling $3-$4 billion used by utilities to cover their 2021 winter storm costs. His statement was critical of the two commissioners who approved the steps to allow OGE, ONG, PSO and Center Point Energy to take advantage of …
Nearly six years after Ruby Montoya joined protesters of the Dakota Access Pipeline and tried to destroy it, she was sentenced this week to six years in federal prison. Sentencing came in federal court in Des Moines, Iowa where Montoya was also ordered to pay $3 million restitution to the owner of the controversial …
Crude oil managed a 1% gain on Thursday while Oklahoma energy stocks went the other way, recording losses, including a 16% drop by one firm. The gain in crude came as investors focused on Russian oil supply concerns and growing Chinese demand. At the same time, the Bank of England didn’t raise interest rates …
