The Oklahoma Energy Producers Alliance is fighting a request by Devon Energy to create a new rule at the Oklahoma Corporation Commission. The rule would require vertical well operators to take responsibility for preventing pollution caused by horizontal fracking operations that damage nearby older wells. The OEPA in a statement called it “no coincidence” that …
A lawsuit filed in 2017 by seven landowners challenging an Oklahoma Water Resources Board decision to allow Oklahoma City to draw water out of the Kiamichi River is still alive. A recent filing made several allegations over the OWRB decision according to an article published by the State House of Representatives. Oklahoma City …
The Oklahoma Corporation Commission issued a statement this week explaining an oil spill cleanup near Okemah Lake has been ongoing since December when workers removed a long-unused oil pipeline. Matt Skinner, a spokesman for the Commission stated that the oil spill in question is contained in Buckeye Creek and is noyt in the lake. “Precautions …
As refineries gear up for spring gasoline production and maintenance, gasoline prices have gone up across the U.S. including in Oklahoma. The State’s new average this week is $2.20 a gallon, at least 7 cents higher than a week ago. The national average is $2.40 a gallon or 8 cents more than last week. The …
After reading a Bloomberg News report that the Democrats’ Green New Deal has a $93 trillion price tag, Oklahoma congressman Markwayne Mullin was stunned. “The price tag for radical Democrats” #GreenNewDeal? A whopping $93 TRILLION. But we can’t fund the wall at our southern border for $5.7 billion?” he tweeted this week, referring followers to …
Water is the new oil in West Texas where a 37,000-acre ranch just sold for $32.5 million. Because of the need for water to be used in fracking in the Permian Basin, drilling operations are already underway on the ranch bought by El Paso billionaire Paul Foster. He put in a bid for the ranch …
Marathon Oil, a firm heavily active in Oklahoma’s STACK and SCOOP plays has sold its North Sea Operations for $140 million. The Houston, Texas company sold its UK businesses Marathon Oil UK and Marathon Oil West of Shetland Limited to RockRose Energy. The sale will result in a complete regional exit for the Texas company. …
Oil production in January in the U.S. reached a record high of 12 million barrels of oil a day, up 90,000 bpd from December 2018. The U.S. Energy Information Administration called it another all-time U.S. oil output record, breaking the previous record of 11.91 MMbopd set in December. Last November, the EIA had estimated …
After Colorado voters rejected proposed tighter rules on oil and gas development last year, Democrats in the state plan to introduce legislation to carry out their targeting of the industry. Democratic leaders in the Colorado legislature say they will introduce what they call “sweeping” legislation to redefine the mission of the Colorado Oil and Gas …
Tulsa-based ONEOK, Inc. reported higher fourth quarter and full-year 2018 earnings. Its 2018 net income was nearly $1.15 billion compared to $388 million in 2017. Fourth quarter earnings went up too, reaching $293 million, more than the $63 million reported in the fourth quarter of 2017. The company’s operating income for the year came to …