The Environmental Protection Agency’s rule to reduce or remove requirements for oil and gas companies to monitor and mitigate methane releases is being fought by Native American tribes in New Mexico. Their focus of the fight is in northwest New Mexico—-better known as the Four Corners Region. Four Corners has the highest concentration of …
The latest rig count in the U.S. by Baker Hughes Co. showed a decline of four nationwide while the number of working oil and gas rigs in Oklahoma was unchanged at eleven. Still, the decline represented a 15-year low in U.S. shale fields as drillers parked more and more of their rigs. Oklahoma’s count …
Increased tensions between the U.S. and China are blamed for causing a slip in oil prices in Friday’s trading, this after President Donald Trump imposed a sweeping but unspecified ban on dealings with the Chinese owners of consumer apps Tik Tok and WeChat. West Texas Intermediate crude for September delivery dropped 73 cents or …
While the new CEO at struggling SandRidge Energy in Oklahoma City expressed optimism during a conference call about the company’s chances of survival, a filing with the SEC contains some serious reservations. In a filing with the Securities Exchange Commission, SandRidge stated, “We currently project that we will not have sufficient cash on hand …
The USDA’s decision to invest more than$29 million to provide broadband service in unserved and underserved rural areas of Oklahoma has drawn applause from Oklahoma leaders. It is also a boost for two rural telephone companies. Rep. Frank Lucas (OK-03), U.S. Sen. Jim Inhofe, Governor Kevin Stitt and Oklahoma Secretary of Agriculture Blayne Arthur …
Crude oil reserves are finally showing signs of falling, resulting in oil prices in the range of the low $40 and the reduction is evident among operators at the Cushing storage tank farm in Oklahoma. The oil market has begun to adjust to the “new normal” in the global economy, with significantly lower fuel …
A new government report reveals what kind of problems resulted in the shelving of a $1 billion project to harness carbon dioxide emissions from a Texas coal plant. The U.S. Department of Energy says the Petra Nova plant suffered chronic mechanical problems and routinely missed its targets before it was shut down this year …
From Oklahoma to Texas and New Mexico, the oil and gas industry is struggling. So are the towns where workers live—those who still have jobs and those who are among the tens of thousands in the unemployment lines. CBS News chronicled the impact on one town in southeast New Mexico. Before oil prices collapsed earlier this …
After climbing for four days, oil futures suffered a loss on Thursday and analysts said it was due to a surprising fall in U.S. weekly first-time jobless claims against continued pessimism about fuel demand. West Texas Intermediate crude for September dropped 0.6% or 24 cents and closed at $41.95 a barrel on the New …
NGL Energy Partners LP in Tulsa announced the signing of a new long-term produced water transportation and disposal agreement in the Delaware Basin of southeast New Mexico. The agreement is with a leading independent producer operating in Eddy and Lea Counties in the basin, but NGL did not identify the producer. This agreement includes …