Speculation is growing that two Tulsa energy companies could be among those targeted for buyouts in the Permian Basin of Texas and New Mexico. The possibility that Laredo Petroleum and WPX Energy could be on the list comes after word last week of the $8 billion buyout of RSP Permian by Concho Resources. As the …
The attorneys who filed a 2016 federal lawsuit over the pollution caused by the now-abandoned Gulfstream airplane plant in Bethany say they soon will add Oklahoma City as a defendant. The lawsuit was filed by the city of Bethany against Gulfstream Aerospace Corporation and Rockwell Automation System Inc, accusing the two companies of contaminating the …
It wasn’t a surprise. The family of a 12-year old girl killed in a natural gas explosion that destroyed her home in Dallas last month has filed a lawsuit against the gas line operator, Atmos Energy. The family of Linda Rogers filed the wrongful death lawsuit in Dallas county court seeking more than $1 million …
In what could be a case of going where the big wells are sure to be hit and marginal wells to be avoided, one Texas company is focusing on the Eagle Ford. It’s very much a reminder of the warning given the Oklahoma legislature this week by Oklahoma Oil and Gas Association chairman Wade Hutchings. …
Tulsa’s WPX Energy has wrapped up its $700 million sale of its holdings in the San Juan Basin’s Gallup oil play in northern New Mexico as part of continued debt-reduction efforts. The company announced this week the agreement was closed as it reduces its net debt to a 2019 target level of 1.5x. The transaction …
The latest permits to drill from the Oklahoma Corporation Commission indicate there is continued heavy interest in the state’s STACK oil play. At least 12 permits to drill were granted for Blaine County, one of the three principal counties that make up the high-producing play. Six of the permits were issued to Continental Resources Inc …
Despite lobbying efforts from the state’s two major oil and gas groups, the teacher pay raise bill has won approval in the House and Senate and Governor Mary Fallin only awaits the amended version to make it law. The bill in question, HB1010 will produce an estimated $474 million, not the $447 million as reported …
While Oklahoma added one rig to its most recent rig count in the past week, the nation’s count fell and whether it’s in response to the growing crude oil glut is unknown. But Oklahoma’s count grew to 121 while the nation’s oil and gas drilling rig count fell by 2 to 993. In the past …
The sinkholes in West Texas we’ve told you about in recent years are reportedly growing in size and number. Scientists say new satellite radar remote-sensing data shows the unstable and sinking ground connected to abandoned oil wells and water wells has spread to six sites in four counties. Most of the sinkholes are near the …
The Dallas neighborhood where a home exploded in a natural gas leak last month killing a 12 year old girl, was evacuated Wednesday night because of a natural gas smell. At least 25 homes and residents of 18 nearby apartments were evacuated by Atmos Energy crews. The neighborhood has been without natural gas since the …