Stating that 40 percent of the methane gas being ‘flared’ or burned off by oil companies on public lands could be captured economically and sold, the Obama administration wants to create new rules putting an end to the practice. A report by the G…
Secretive Energy Group Formed in Wake of Illegal Campaign Contributions
An investigation by the campaign watchdog group known a Open Secrets has revealed how some Oklahoma oil and gas producers became involved in a non-profit group that illegally funneled money to the failed 2014 U.S. campaign by former Oklahoma Speaker of…
Crude Surges Above $30 on Friday
Crude surged past the $30 a barrel mark on Friday. West Texas Intermediate crude for March delivery on the New York Mercantile Exchange added $2.66 to end trade at $32.19 a barrel. March Brent crude on the London ICE Futures Exchange gained $2.93 to se…
Feds Settle Nuclear Violations with New Mexico
New Mexico has reached agreement with the federal government over February 2014 nuclear incidents at Carlsbad and the Los Alamos National Laboratory. The U.S. Department of energy agreed in the settlement to make $74 million in improvements at the Wast…
Morrissette’s Earthquake Reparation Fund
Oklahoma City Rep. Richard Morrissette says the earthquake reparation fund he’s proposing to be financed by the oil and gas industry would be very much like the state’s tire indemnity fund.
It’s what he told OK Energy Today.
“We pay a dollar per used…
Judge Denies AG’s Request to have Consumers Pay for his Fight Against OGE Rate Request
Oklahoma Attorney General Scott Pruitt’s attempt to tack on $500,000 to the $92.5 million rate hike proposed by Oklahoma Gas and Electric so he can hire experts in opposing the request is being recommended for denial by an administrative law judge at t…
Laredo Petroleum President Stepping Down
The resignation of Jay P. Still as president and chief operating officer of Tulsa-based Laredo Petroleum will be effective Jan. 28. The company announced his resignation this week, just as the firm also laid off about 75 employees and said it wo…
Appeals Court Sides with EPA in Clean Power Plan
The U.S. Court of Appeals for the District of Columbia has ruled against Oklahoma and two dozen other states who filed suit challenging the Obama administration’s Clean Power Plan. The three-judge panel ruled this week that it would stop stop the…
Exchange Warns Seventy Seven Energy
Those sliding oil and natural gas prices have taken a hit on another Oklahoma based energy company as its trading on the New York Stock Exchange has dropped to such low points that it has been warned of being in non-compliance.
Seventy Seven Ene…
Chesapeake Energy Suspends Quarterly Dividends
While other companies have reported quarterly dividends, Oklahoma City-based Chesapeake Energy has suspended payments on each series of its outstanding convertible preferred stock effective immediately.
Money problems have caught up with the com…
