Continental Resources plans to spend two thirds less on capital expenditures this year compared to last year’s spending plan. The Oklahoma City company made the announcement Tuesday it had a budget of $920 million in non-acquisition capital expenditure…
Hopes of global production cuts helped boost crude prices on Tuesday. March West Texas Intermediate crude added $1.11 to settle at $31.45 a barrel on the New York Mercantile Exchange. On the London ICE Futures Exchange, March Brent crude gained $1.30 t…
A coalition of Attorneys General is pleading that the Supreme Court put a stay on the Environmental Protection Agency’s Clean Power Plan. Oklahoma has joined West Virginia, Texas and several other states in a lawsuit to stop the implementation of the E…
Oklahoma has become one of only three states in the nation with a gasoline average prices below $1.60 a gallon, according to AAA Oklahoma’s Fuel Gauge Report which indicated the new statewide average is $1.53 per gallon.
It is the second-lowest point …
Houston-based Halliburton confirms it laid off another 4,000 workers in the final three months of 2015 bringing the total to nearly 22,000 employees let go since 2014. The reduction amounts to a 25 percent cut in the company’s global workforce an…
How it might affect his agency’s work in battling the Environmental Protection Agency and representing consumers in rate cases before the Oklahoma Corporation Commission we don’t know. But Oklahoma Attorney General Scott Pruitt is asking the governor t…
While many major oil and gas companies are retrenching amidst the energy downturn, Tulsa-based BlueStone Natural Resources is expanding with the recent $245 million purchase of bankrupt oil and gas producer Quicksilver Resources of Fort Worth, Te…
Could a Flint, Michigan water incident happen in Oklahoma? J-D Strong, director of the Oklahoma Water Resources Board certainly hopes it couldn’t, based on the trust he has in the Board employees and the Oklahoma Department of Environmental Qual…
The monster snow storm which hit the northeast U.S. also impacted oil prices, but crude managed to stay above $30 a barrel. March West Texas Intermediate crude slipped $1.85 to end trade at $30.34 a barrel on the New York Mercantile Exchange. March Bre…
Cypress Energy Partners will pay out a cash distribution for the fourth quarter of 2015. The Tulsa company’s board of directors approved the distribution of .406413 per limited partner unit which is unchanged from the previous quarter. It is a 4.88 per…
