Oil futures finished lower Friday, with pressure attributed in part to downbeat global demand forecasts from major organizations this week, but prices still ended the week higher following declines in U.S. supplies. Oklahoma-related stocks generally finished the week on the upward scale. West Texas Intermediate crude for September delivery fell 23 cents or 0.5% …
The sky-piercing Devon Tower in downtown Oklahoma City bears the name of the oil and gas production company. While the company is located throughout the tower, it also is home to VAST restaurant on the 49th floor. But VAST hasn’t held its daily lunch because of the COVID-19 pandemic. That’s about to change. Chef …
More of the nation’s oil and gas exploration companies are putting their rigs into storage as the COVID-19 pandemic tightens its grip on the industry. The latest Baker Hughes oil and gas rig count slipped to only 244 in the past week while the numbers in Oklahoma remained unchanged at eleven working rigs. The …
The Trump administration’s rollback of rules on methane emissions produced more support from those in congress, including Oklahoma Congressman Markwayne Mullin. He is a co-chair of the House Energy Action Team and joined South Carolina Republican Rep. Jeff Duncan in applauding the administration’s decision. House Republican Whip Steve Scalise of Louisiana also supported them …
Months after selling nearly 200 producing wells in northern Oklahoma, Austin, Texas-based Remora Petroleum LP has filed for bankruptcy protection. Remora is a private E&P company focusing on the acquisition and development of mature, long-lived producing properties. It owns operated and nonoperated working interests across the Anadarko, Gulf Coast, Permian, Denver-Julesburg and Los …
Straight-hole driller Trans Pacific Oil Corporation is planning on more drilling in northern Oklahoma. The Wichita, Kansas-based company received two permits to drill this week from the Oklahoma Corporation Commission. The permits are for Alfalfa County and involved two wells on a single pad at 32 29N 12W, a site about 5 miles northeast …
The people in charge of the Oklahoma Corporation Commission’s rulemaking process have a problem. They’ve asked operators statewide for suggestions concerning any recommended changes of the regulatory agency’s Chapter 5 rules. A notice went out on July 14 from the Commission’s Judicial and Legislative Services Division. But in an updated request sent on Friday, …
State-owned Masdar, part of the United Arab Emirates’ Mubadala Investment Corp. is buying a 50% stake in some of the wind, solar and energy storage projects from EDF Renewables North America, a firm with Oklahoma investments. EDF has at least three wind farms in Oklahoma, Rock Falls Wind, Great Western Wind and Cowboy Wind Farm …
**The U.S. seized four tankers carrying Iranian gasoline bound for Venezuela in an unprecedented move by the Trump administration that carries the potential to destabilize global oil shipments if Iran retaliates. The tankers were transporting 1.116 million barrels of petroleum, which has now been confiscated after help from “foreign partners,” the Justice Department said in a …
A southern Oklahoma school district has received a $50,000 grant as a result of ALLETE Clean Energy’s new wind farm under construction near Ardmore. ALLETE announced the grant to the Mill Creek School District, a grant in partnership with GE Renewable Energy and Wanzek. The donation is a relief to Mill Creek School administrators …