The Associated Press reported this week a federal judge’s decision whether there should be more extensive study of the $3.8 billion Dakota Access oil pipeline is months away. U.S. District Judge James Boasberg ordered the U.S. Army Corps of Engineers to do more studies in 2017 and they were completed in late August. His order …
Crude oil is already flowing in the new Sunrise Pipeline carrying crude from the Permian Basin to the Cushing storage hub in Oklahoma. Plains All american LP, which operates the line, set rates this week for the new extension and according to a report, they will be effective Nov. 1. The Sunrise line won’t go …
While the latest Oklahoma Energy Index suggested a mini-boom for oil and gas in the state, the latest jobless rates released by the state show unemployment fell over the year for all counties in Oklahoma in August. So goes the energy industry—so goes the state’s employment rates. The Employment Security Commission said every one of …
Some of the Oklahoma exploration companies and others drilling in West Texas might see a little more pipeline relief following the announcement of a joint venture to build another line taking oil out of the Delaware Basin. But it also might mean a wait of several months until the line to be built by Salt …
Murphy Oil based in El Dorado, Arkansas announced this week it had declared a 25-cent a share quarterly cash dividend on its common stock. It translated into $1 a share on an annualized basis and is payable on Dec. 3, 2018 to stockholders of record as of Nov. 12, 2018. Murphy Oil Corporation is a …
A Securities and Exchange Commission filing shows Oklahoma City’s Chesapeake Energy has paid off a more than $1 billion loan it had received two years ago from Deutsche Bank Trust Company Americas. The filing referred to the Aug. 23, 2016 loan from the bank which totaled $1.5 billion. However, Chesapeake used money from the Sept. …
When Democrat candidate for Oklahoma governor Drew Edmondson said this week he wanted to raise the state’s gross production tax on oil and gas to fund mental health services, it caught the attention of one industry group. And it wasn’t kind in what it had to say about Edmondson’s proposal. The Oklahoma Oil and Gas …
One of the largest wells reported this week in Oklahoma’s STACK saw production of more than 1,400 barrels of oil a day. The Brown Family 1-13-24xh well, 12 16N 13W and located about 6 miles northwest of Watonga was brought in by Continental Resources. Its official completion showed production of 1,443 Boed along with 9,729 …
The Oklahoma City University professor behind the Oklahoma Energy Index is talking of a “mini-boom” when it comes to the improvements of Oklahoma’s oil and natural gas industry. Dr. Russell Evans, executive director of the Steven C. Agee Economic Research and Policy Institute, said a bullish outlook for crude oil prices supports expectations of continued …
Oklahoma Congressman Markwayne Mullin is among the latest to get a congressional endorsement from the GOP clean energy group Citizens for Responsible Energy Solutions. The group endorsed the 2nd District Republican Representative in an announcement on Wednesday as he seeks re-election in eastern Oklahoma. Mullin has served in the U.S. House since 2013 and is …