We’ve seen it on a smaller scale in Oklahoma. The success of the STACK and SCOOP oil plays has led to construction of more pipeline services to carry the oil and gas out of the play into storage areas. Now another major pipeline has been announced for the much larger Permian Basin. It’s a $3.7 …
Investors in Tulsa-based Cypress Energy Partners, L.P. are being told the firm will release its latest earnings report on Thursday. The mid-stream company will distribute its earnings press release after the close of trading Thursday afternoon on the New York Stock Exchange. It will then hold an earnings call Friday morning at 9 o’clock to …
Figures recently released by the state government in Oklahoma show a slight dip in employment in the state’s energy sector. The Oklahoma Employment Security Commission reported oil and gas employment in Oklahoma City, the city with the largest employment in the sector, dropped more than 1 percent in January 2018. The 1.4% decline occurred from …
AAA Oklahoma is lending support to a bill recently passed in the Oklahoma House of Representatives increasing the age of children who must be buckled up in the back seat of a vehicle. HB3026 by Rep. Emily Virgin (D-Norman) increases the age from 8 to 14. AAA Oklahoma and Virgin point out that there is …
Following news of an unexpected decline in U.S. crude inventories, oil prices on Tuesday rose. West Texas Intermediate on the New York Mercantile Exchange climbed $1.34 to settle at $63.40 per barrel on April contracts. In London on the ICE European exchange, Brent crude wnt up $1.50 to settle at $67.55 on May contracts. Prices …
The waiting begins for the Oklahomans who have long considered a 1989 bribed Corporation Commission vote should result in a nearly $16 billion refund from ATT. After filing an appeal with the U.S. Supreme Court on Monday, the handful of individuals who call themselves Oklahomans Against Bribery indicated their case was one of freedom of …
Oklahoma’s STACK oil play has been the focus of much attention in the state but now it’s under the focus of at least one national news group. Reuters calls it “a little-known shale oil play” despite the fact the three counties that make up the STACK know very well what it means to them. Reuters …
The growing dry conditions in the state have the attention of the U.S. Department of Agriculture which has declared most of the counties in Oklahoma to be natural disaster areas. As the Oklahoma Farm Report on the Oklahoma Radio Network indicated this week, most of the counties in the state are in horribly dry conditions. …
While the legislature’s busy wrangling with proposed increases in the gross production tax on oil and gas, Guthrie Rep. Jason Murphey says he opposes most tax hikes because they only provide cover for the waste of taxpayer dollars. It’s what he claimed in his column written for the McCarville Report. “Specifically, I have repeatedly expressed …
Another sign of what the oil and gas downturn is doing in Texas. Halliburton, the firm that got its start in Oklahoma before relocating headquarters to Houston confirmed it plans to sell one of its campuses. The company will put up for sale the 49-acre Oak Park campus in Houston’s Westchase submarket. The auction will …