While Oklahoma’s loss in the oil patch figures to be close to 12,000 employees in the past year, in the state of Texas an estimated 288,000 have lost jobs because of what’s happened to energy prices. One report says 72,000 of those are direct los…
Category: General
Crude Winning Streak Extends to Three Sessions on Thursday
Make it three sessions in a row for gains on U.S. crude oil. On the New York Mercantile Exchange, March West Texas Intermediate crude climbed 92 cents to settle at $33.22 a barrel. March Brent crude added 79 cents to end trade at $33.89 a barrel on the…
Governor Fallin Releases $1.4 Million in Emergency Funds to Address Earthquakes
Governor Mary Fallin has approved moving funds from the state emergency fund to bolster earthquake research efforts. The Governor has moved $1.4 million to the Oklahoma Corporation Commission and the Oklahoma Geological Survey. The Coordinating Council…
Large Fracing Operation Sold to Houston Company
The Canadian company which owns the tenth largest fracing operation in the U.S. announced it was selling its American frac operations to a Houston based company. Trican Well Service is selling the assets to the Keane Group for a total consideration of …
Pickens, Son Settle Lawsuit Over Pay
Right before a trial was to start this week between oilman T. Boone Pickens and his son Michael Pickens, the two came to a settlement. The younger Pickens claimed his father didn’t pay him more than $15 million for work performed and failed to transfer…
Inhofe Calls on Department of Justice to Investigate EPA Actions
Senator Jim Inhofe is joined by Senator Ben Sasse of Nebraska in sending a letter asking the Department of Justice to investigate a possible violation of the Anti-Deficiency Act by the Environmental Protection Agency. The concern they raised is over th…
Crude Continues to Rally on Wednesday
Despite a growing supply crude prices made gains on Wednesday. March West Texas Intermediate crude added 85 cents to end trade on the New York Mercantile Exchange at $32.33 a barrel. On the London ICE Futures Exchange, March Brent crude tacked on $1.30…
Senate Takes Up Energy Policy Modernization Act
Energy policy took center stage in the U.S. Senate on Wednesday as the body took up S. 2012, The Energy Policy Modernization Act. Alaska Senator Lisa Murkowski is the primary author of the bill. She’s also the chairwoman of the Senate Energy and Natura…
Energy Acquisition Company Shows Interest in SandRidge Energy
Houston Business Journal reports a Houston private equity player and a Kansas energy acquisition company are taking a look at SandRidge Energy. Reporter Suzanne Edwards writes on Wednesday that Blue Star Energy is discussing options with A.V. Jones who…
Ethanol Production Drops while Trump and Cruz Debate its Subsidies in Iowa
While Donald Trump and Sen. Ted Cruz are arguing over ethanol subsidies in Iowa just days before the caucuses, reports indicate ethanol production across the U.S. dropped in the past week reaching an 8-week low.
The Energy Information Administration s…