More evidence that Saudi Arabia is not on board with production cuts sends crude prices lower on Monday. March West Texas Intermediate crude fell by $1.20 to settle at $29.69 a barrel on the New York Mercantile Exchange. April Brent crude lost $1.18 to…
Panhandle Oil and Gas reported a net loss of $2.8 million for its fiscal first quarter 2016. That’s comes out to a loss of 17 cents a share. During the same time of the previous year, Panhandle had a profit of $10.2 million or 61 cents a share. While t…
The funding to plug abandoned wells in Oklahoma was pushed forward on Monday. House Bill 2303 extends the life of the Well Plugging Fund for another five years and made it past the House Appropriations and Budget Subcommittee on Natural Resources and R…
Shares of Chesapeake Energy Corp. crashed on Monday in the wake of news accounts that the Oklahoma City energy company had hired consultants to assist with restructuring the firm’s $10 billion in debt. At the same time, Chesapeake denied it was headed …
Shares of Chesapeake Energy Corp. crashed on Monday in the wake of news accounts that the Oklahoma City energy company had hired consultants to assist with restructuring the firm’s $10 billion in debt. At the same time, Chesapeake denied it was headed …
Four major oil and gas production companies in Oklahoma could possibly learn this week whether they will be sued by the Sierra Club and Public Justice over their injection wells and the surge in earthquakes in the state.
A spokesman for Public Justic…
The impact of the oil and gas downturn is evident in every state where there’s energy production. Oklahoma isn’t alone. Ask the people in North Dakota where, because of the Bakken oil play, the state had a ‘boom’ in the past several years.
But a…
President Obama’s budget proposal to increase funding for loans and grants from the U.S. Environmental Protection Agency is running into criticism and opposition by Oklahoma U.S. Senator Jim Inhofe.
As chairman of the Senate Environment and Publ…
Low oil and natural gas prices aren’t the only things that energy workers have to focus on these days. How about criminals. The Canadian County Sheriff’s office, in a weekly crime report called Wise Eyes referred to numerous thefts in the oil pa…
Crude prices ended the week on a down note Friday but managed to stay above the $30 mark. March West Texas Intermediate crude lost 83 cents to end trade at $30.89 a barrel on the New York Mercantile Exchange. April Brent crude on the London ICE Futures…
