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 …
After overturning a federal judge’s ruling in the methane gas fight on federal lands, the U.S.10th Circuit Court of Appeals in Denver heard from states and environmental groups who want to keep the Obama-era rules. The Appeals Court listened Tuesday to those who contend the Interior Department should not eliminate the older rules that regulated …
Tulsa’s Omni Air International is being sold for $845 million to an Ohio based air freight company that is a major flyer of parcels for Amazon.com Inc. Air Transport Services Group Inc., based in Wilmington, Ohio said it could expand its e-commerce business more rapidly after acquiring Omni, the airline that is the Pentagon’s largest …
Marathon Petroleum Corp., the firm that was once part of Marathon Oil before the two companies were created separately wrapped up its $23.3 billion purchase this week of its Texas-based rival Andeavor. It makes Marathon, the largest U.S. oil refiner by capacity. Shareholders of both companies agreed to the purchase. The other Marathon, Marathon Oil …