With lower oil prices, it seems there haven’t been as many completion reports filed with the Oklahoma Corporation Commission. Still, there are reports of success in the STACK play. A report filed on Monday by Marathon Oil Company showed a Blaine County well had initial production of 1,350 barrels of oil a day along with …
(Nicolas Maduro, president of Venezuela, speaks during a swearing in ceremony for the new board of directors of Petroleos de Venezuela SA (PDVSA), Venezuela’s state oil company, in Caracas, Venezuela, on Tuesday, Jan. 31, 2017.) (from CNBC) The Trump administration will sanction Venezuela’s state-owned oil firm, a move the White House has long put …
Oklahoma congressman Markwayne Mullin, now in the minority on the House Committee on Energy and Commerce will be among those this week exploring the impact of the partial government shutdown on the environment. The Committee on Energy and Commerce, now chaired by Democrat Rep. Frank Pallone of New Jersey will hold a hearing on Thursday, …
The political and government turmoil in Venezuela has left the country’s oil production in a dismal state. Some could blame it on the socialism-form of government and cite it as another example of a failed system. Yes, it does affect Oklahoma’s oil and gas industry where production continues to grow. It also has a …
A minimum wage hike bill’s been filed in the Oklahoma legislature and it ‘s a measure that would affect every aspect of the state’s energy industry. The bill by Sen. George Young, (D-OKC) would raise the minimum wage from the current $7.25 an hour to $10.50 an hour. Senate Bill 102 was filed after Arkansas …
The owner of a gravel operation on Saline Creek in eastern Oklahoma just lost another court case. David Eastman, owner of Ozark Materials River Rock, LLC has been ordered to pay more than $193,000 in attorney’s fees and expert costs to the man who sued him in 2011 under the Clean Water Act. Tulsa U.S. …
From the Associated Press: An oil and gas company operating in West Texas has donated $1 million to reach the fundraising goal for repairs to what’s touted as the world’s largest spring-fed swimming pool. About $2 million in repairs continue at Balmorhea State Park pool. Executives with Apache Corp. presented a check to the Texas …
The community of Nash in northern Oklahoma is under a boil order issued by the State Department of Environmental Quality. Leaders of the Grant County town were notified after E. coli was discovered in the water supply system. Residents were used to only use water after it had been brought to a full, rolling boil …
Oklahoma City’s Mammoth Energy Services, Inc. declared a quarterly cash dividend of $0.125 per common stock. The nearly 13 cent a share will be paid on Feb. 14, 2019 to those owning stock as of the close of business on Feb. 7, 2019. Mammoth’s last quarterly dividend was the same amount in November. In its …
The Oklahoma House of Representatives has started holding public hearings to review the five largest appropriated state agencies’ budgets including those directly affecting Oklahoma’s energy industry. The hearings will be held by the House Appropriations and Budget Committee and the Senate Appropriations Committee. The first focused Monday on the State Transportation Department, an agency directly …