Tulsa-based Trinity Chemical LLC has won a breach of contract lawsuit filed against a Nebraska ethanol operator. In a recent judgment by Tulsa U.S. District Judge John E. Dowdell, the company was awarded $616,626.41 against Cornhusker Energy Lexington, LLC, a firm based in Lexington, Nebraska. The lawsuit was filed in 2016 following an agreement by …
Gasoline prices continue to reach their highest levels in nearly three years as Oklahoma’s average has reached an average of $2.52 a gallon, an increase of 6 cents over the past several days. But the national average is up to $2.81 a gallon for gasoline while diesel fuel prices have reached an average $3.06 a …
Oklahoma Gov. Mary Fallin recently helped dedicate Commercial Metals Company’s new micro mill in Durant. The mill is CMC’s second technologically advanced micro mill that uses a continuous manufacturing process which melts, casts and rolls steel from a single uninterrupted strand, resulting in higher yields and lower energy consumption than the traditional mini mill process. …
Marathon Petroleum, one of the active players in Oklahoma’s STACK oil play announced this week it intends to buy rival Andeavor in a $23 billion deal. The purchase will make the newly-formed company the largest U.S. refiner. It’s a cash-and-stock deal that values Andeavor at nearly $152 per share. The combined company will have the …
Oklahoma added 6 more rigs in the past week to reach 133 exploring for oil and gas while the nation added 8 to reach 1,021 working rigs. The national count included 5 more oil rigs to reach a total of 825 while the number of gas rigs grew by 3 to hit 195. Over the …
Northwest Oklahoma will be the site of a fracking sand plant that will create more than 130 new jobs for the area. Preferred Sands, headquartered in Radnor, Pennsylvania has already broken ground for its frack sand plant to be located at the small community of Oakwood, midway between Watonga and Woodward. “Concrete’s being poured and …
The second quarter of 2018 resulted in a $12 million net loss for Tulsa-based Helmerich and Payne. It amounted to a 12-cent a share loss. The $12 million loss came from operating revenues of $577 million in the second quarter. President and CEO John Lindsay commented, “Second quarter operational results were strong and our team continued to …
If you’re a frequent airline customer, you might brace for higher flying costs. It’s the claim of American Airlines CEO Doug Parker who says rising fuel costs are eating into airline profits. “If indeed this is where fuel prices are going to stay, I would expect you would see higher fares to consumers over time,” …
Not only do scientists believe oil and gas exploration is behind Oklahoma’s earthquakes but now a study concludes “fracking” associated with the exploration is what caused a deadly earthquake last year in South Korea. Eighty-two people were hurt in the 5.5 magnitude earthquake that rocked the city of Pohang. As Newsweek reports, the scientists are …
Dallas Cowboys owner Jerry Jones is about to become a controlling owner of Comstock Resources Inc., an energy firm based in Frisco, Texas. The company has announced it is buying Jones’ Bakken Shale interests in exchange for $620 million in company stock. Jones, whose Arkoma Drilling LP and Williston Drilling LP own the North Dakota …
