From the Yellowstone grizzly bear to the Chesapeake’s Delmarva Fox Squirrel. They were discussed this week during a hearing by the U.S. Senate Environment and Public Works Committee and Oklahoma Sen. Jim Inhofe, a senior member of the committee had his turn in questioning the witnesses. Among them were John Kennedy, the Deputy Director of …
Deadly rig blast blamed on company’s efforts to save money
Attorneys for the families of five men killed in the January well explosion and fire near Quinton in southeast Oklahoma maintain the men are dead because one of the companies was trying to save money and used a risky drilling method. Speaking with E and E News reporter Mike Soraghan, they point fingers of blame …
Pipeline Company makes $20,000 gift to USAO in Chickasha
(Left to right: State Sen. Ron Justice, Oklahoma Secretary of State Chris Benge, USAO President John Feaver and Matt Barr, director of government and public affairs for Midship Pipeline) Thanks to a generous $20,000 grant from Midship Pipeline Company, the University of Science and Arts of Oklahoma is greatly expanding its STEM-focused MakerSpace in …
Keeping the oil market on a knife’s edge
Writing in the Journal Record this week in Oklahoma City, the CEO of Meliora Capital in Tulsa stated that keeping oil prices on knife’s edge is sort of like OU’s football team playing defense in the red zone. J.P. Szafranski wrote that it’s in everyone’s best interest to keep the oil market balanced on knife’s …
Oil and Gas Expo at OKC’s State Fairgrounds
The 22nd OERB “Oil and Gas Expo” will be held Thursday at the state fairgrounds in Oklahoma City and a record attendance is expected. Already, more than 3,850 had pre-registered for the day-long event that features the latest in technology in the oil and gas industry as well as related manufacturing. The Expo is sponsored …
Chaparral Energy takes Canadian county to court
Chaparral Energy is taking Canadian County Commissioners to court in a fight over county land where it wants to drill an oil and gas well. In a suit filed this month in Canadian County District Court, (CV-2018-325) the Oklahoma City energy company wants the court to appoint three appraisers to determine the amount of damages …
Colorado coal company files bankruptcy protection with more than $1 billion in debts
A major Colorado-based coal-mining company with 3,000 employees has filed bankruptcy with $1.4 billion in debts. Westmoreland Coal Co., described as the sixth-largest coal-mining company in the U.S., announced Tuesday it had filed Chapter 11 bankruptcy. The firm, with 19 mines in six states and Canada said it had entered a restructuring agreement with lenders. …
Production of lighter crude oil is on the increase in the U.S.
We’re seeing more and more production of lighter crude oil in the U.S. according to the U.S. Energy Information Administration….that is…oil with a lower density. The EIA’s “Today in Energy” report indicated the average API gravity, which is the measure of a crude oil’s density increased in 2017 and through the first half of 2018. …
Are Permian Basin wells drying up faster than predicted?
A new report suggests some of the older oil wells in the Permian Basin of West Texas and New Mexico might be drying up faster than some thought would happen. The study by Wood Mackenzie Ltd. showed some maturing wells in parts of the Permian’s Wolfcamp shale lost nearly 15 percent of output annual five …
Wage fight allowed to move ahead in Texas against Chesapeake Energy
Chesapeake Energy finds itself in a continuing lawsuit over wages in a South Texas federal court. U.S. District Judge Royce C. Lamberth in San Antonio is allowing two former Chesapeake workers push ahead with their suit even though they failed to respond to a legal motion by Chesapeake. Chad Burns and David Torres convinced the …