A big week for three Oklahoma based energy companies as we learn more about their financial status during this prolonged oil and gas downturn. Devon Energy, Seventy Seven Energy Inc. and Williams Cos. will release their fourth quarter and full-ye…
Big Jump for Crude on Friday
Another signal from an OPEC producer sends crude prices skyrocketing on Friday. March West Texas Intermediate crude jumped $3.23 to end trade at $29.44 a barrel on the New York Mercantile Exchange. April Brent crude added $3.30 a barrel to settle at $3…
Oklahoma Corporation Commission Unveils Wide Area Disposal Well Plan After 5.1 Quake
In response to the 5.1 magnitude earthquake striking Oklahoma on Saturday, the Oklahoma Corporation Commission released a statement over the weekend signaling the agency was implementing a wide area response. According to the release, the Commission’s …
Devon Leaders Sell Off Thousands in Shares while Values Drop
With what some analysts described as a “deteriorating net income” at Oklahoma City-based Devon Energy, several of the firm’s top executives, including President and CEO David Hager sold off shares this week, according to filings with the Securiti…
Dollar Gasoline Close at Hand in OKC
Closer and closer to $1 a gallon for gasoline in Oklahoma. Will it happen? The cheapest gasoline in the state, according to Gas Buddy is $1.06 in south Oklahoma City. And more than a dozen stations and convenience stores are pumping gasoline in…
Congress Sends Permanent Internet Tax Freedom Act to White House
Oklahoma U.S. Senators Jim Inhofe and James Lankford were among those who helped make the first Internet Tax Freedom Act a permanent measure, foregoing the need to renew the ban. Thursday’s vote was 75 to 20 and the measure was sent immediately to Pres…
Jones Energy Freezes New Drilling in Western Oklahoma and Texas Panhandle
Optimism still abounds at Jones Energy, the Austin, Texas based independent energy company that is active in western Oklahoma and the Texas Panhandle. The company reported 2015 year-end reserves grew despite a nearly 60 percent cut in the company…
Seventy Seven Energy To Release Financial Results on Wednesday
Oklahoma City-based Seventy Seven Energy Inc. will release its 2015 full year and fourth quarter operational and financial results before the market opens on Wednesday, Feb. 17.
A conference call will also be held to discuss the results later th…
Kansas and Nebraska Fight EPA Over Vehicle Emissions Model
The states of Kansas and Nebraska presented oral arguments Thursday before a D.C. Circuit panel in their fight against the Environmental Protection Agency’s new vehicle emissions model discouraging the use of ethanol in gasoline. The two states c…
Invenergy Snares Another Big Electrical Power Deal
Invenergy, the Chicago-based wind energy company with operations throughout Oklahoma announced this week the signing of a 120 MW wind power purchase agreement to provide EM with renewable energy largely from its Gunsight Wind Energy Center locate…
