Imagine 80 inches of rainfall in any one place in Oklahoma? Hard to believe, but it was in Miami and Gary McManus, State Climatologist with the Oklahoma Mesonet says the mark is nearly 38 inches above normal. That’s Miami, Oklahoma, not Florida. “37.6 inches above normal? For the year? Are you kidding me? I …
It has been nine months since the FBI began an insider trading investigation of former Marathon Energy chairman Dennis Reilley of Oklahoma City and little has publicly happened in the federal case. It came to light in February when Reilley’s neighbor, John Kenneth Davidson was charged with lying to FBI agent Clayton Johnson. He denied …
Pushed largely by oil production in the Permian Basin of West Texas and eastern New Mexico, the U.S. for the first time posted its first full month as a net exporter of crude and petroleum products. It was the first such posting since government records began in 1949 as the U.S. exported 89,000 barrels a …
More than three dozen orphaned natural-gas wells are targeted for plugging under a plan from North Dakota Gov. Kristi Noem. She included nearly $728,000 in her fiscal 2021 budget proposal offered this week to the North Dakota legislature. If legislators approve the budget, at least 40 abandoned wells will be plugged. The legislature goes into …
Oklahoma City’s Devon Energy Corp. announced that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the first quarter of 2020. The dividend is payable on March 31, 2020, at a rate of $0.09 per share based on a record date of March 13, 2020.
Oklahoma U.S. Sens. Jim Inhofe and James Lankford voted this week in support of the confirmation of Dan Brouillette to be the man replacing Rick Perry as Secretary of Energy. The vote was 70-15 in favor of confirmation of Brouillette who is a former lobbyist for Ford Motor Company. He is President Trump’s second secretary …
With nearly $10 billion debt, Oklahoma City-based Chesapeake Energy Corporation announced Wednesday it obtained a $1.5 billion loan from four different banks. The loans came from JPMorgan Chase Bank,N.A., Morgan Stanley Bank, N.A., Bank of America, N.A. and MUFG Bank, N.A. ” to assist with the arrangement of a secured first lien last out 4.5-year term …
The head of the Petroleum Alliance of Oklahoma says this week’s move by Halliburton to shut down its El Reno operations should be a warning to state leaders. But the state leaders aren’t commenting publicly. “This announcement is a reminder that no state, no community, no company is immune from negative impacts when you have …
The Oklahoma Department of Environmental Quality says Friday, December 6 is the final deadline for school districts to apply for $3 million in funding for alternative fuel grants. The grants are designed to help school districts replace old diesel school buses with new diesel, gasoline or alternative fuel school buses. Information about each is available …
The latest completion reports filed with the Oklahoma Corporation Commission show Newfield Exploration Mid-Con Inc. has more success in the STACK, while Fourpoint Energy in western Oklahoma and EOG Resources in McClain County brought in wells. EOG Resources Inc. reported two wells on a single pad at 7 9N 4W in McClain County or about …
