Crude oil prices took a noise dive in Wednesday’s trading as crude in the US and London dropped more than 5%. It was a race to see who dropped the most—crude oil or the crude production companies. West Texas Intermediate crude July futures dropped $2.36 a barrel or nearly 6% before settling at …
It would appear that American Electric Power Co. Inc. is going to be successful in its $2 billion plan to distribute electrical power from three wind farms acquired in Oklahoma. American Electric Power Co. Inc., one of the nation’s largest utility companies and highest-profile emitters, is facing yet another multibillion-dollar test to see …
While it’s unclear how it will impact the lawsuits filed by some Oklahomans, German pharmaceutical company Bayer said Wednesday it will pay up to $10.9 billion to settle a lawsuit over subsidiary Monsanto’s weedkiller Roundup, which has faced numerous lawsuits over claims it causes cancer. In a statement Wednesday, Bayer said it was also paying …
Oklahoma, Texas and Kansas are among the 18 states that contend it is “critical” for the Supreme Court to intervene in a circuit court case to allow an Army Corps of Engineers water crossing permits for new oil and gas pipelines. The states, led by West Virginia Attorney General Patrick Morrisey (R), said that …
Oklahoma Corporation Commissioners on Wednesday decided the request made by an oil producers group for statewide prorationing of crude oil production would not be approved due to increased prices and was no longer necessary. Instead, the Commissioners, meeting in person at the agency’s headquarters voted 3-0 in a move in which they declared the …
Oklahoma U.S. Sen. Jim Inhofe was one of those who joined Texas Republican Sen. John Cornyn this week in filing a bill to provide relief to the nation’s energy industry. He supported the SAVE Jobs Act, stating, “Right now, oil and gas is hurting in Oklahoma and, in a state where one in five jobs …
** Mexico’s largest oil refinery, the Salina Cruz refinery, is offline after a fire broke out in the refinery following a 7.4 magnitude earthquake in the area. Pemex, Mexico’s state-run oil company, said that the fire was immediately extinguished. The refinery has an installed capacity of 330,000 barrels of crude oil per day but hasn’t been producing that much for …
Environmentalists with the Sierra Club are asking a federal judge to halt construction of a $2 billion natural gas pipeline being built by Houston pipeline operator Kinder Morgan through the scenic Texas Hill Country. The club argues that the U.S. Army Corps of Engineers skirted federal environmental laws when it issued a federal permit to …
Using a filing with the Securities and Exchange Commission, Laredo Petroleum announced a reduction in its workforce and the departure of its chief financial officer and senior vice president. It also announced the hiring of a Chesapeake Energy executive. The Tulsa-based firm said it had reduced its staff by 22 employees and blamed falling …
Oklahoma City’s Chaparral Energy reports completion of two wells on a single pad in Canadian County, a favorite drilling target of the company. The two Fuji 1206 wells are located at 19 12N 6W, a site located four miles east of El Reno and south of Interstate 40. Their combined production was 529 …
