The Oklahoma Supreme court has again struck down the efforts of some consumers seeking $16 billion in refunds from AT&T over a bribed Corporation Commission vote in 1989. With one dissenting vote, the justices ruled they had previously ruled against the issue on other occasions and did again this time. They upheld a decision by …
The Oklahoma Corporation Commission has started reviewing its rules on deadly and poisonous gas from oil wells following complaints over incidents around one well near Dover in Kingfisher County. As E and E reporter Mike Soraghan recently found, the Oklahoma Department of Environmental Quality is also investigating. Residents in Dover have growing concerns after a …
Arkansas has taken its fight against a Federal Energy Regulatory Commission ruling to the D.C. Circuit court. The Arkansas Public Service Commission is still fighting a FERC decision earlier in the year that Entergy Arkansas Inc. should not have to make millions of dollars in “bandwidth payments.” Oral arguments were heard Friday in Washington D.C. …
While gasoline inventories across the U.S. continued to swell with the approaching holiday, oil prices just can’t seem to get out of the mire they’re stuck in. West Texas Intermediate crude closed Friday on the New York Mercantile Exchange at $57.30, an increase of 26-cents a barrel for the day or just under half of …
While the U.S. oil and gas rig count slipped by one in the past week, Oklahoma’s count remained at 121. Reports from Baker Hughes Co. and the Independent Oil and Gas Service show the national count is 930. The count includes a drop of 4 oil rigs to 747 while the number of gas-drilling rigs …
Oklahoma’s STACK has given Harold Hamm and his Continental Resources an early Christmas gift in the form of 8 Blaine County wells with production on each well ranging from a thousand barrels a day all the way up to more than 2,400 barrels a day. As reflected in the latest well completion reports listed …
The USDA’s highlighting the $40 million in financial support it gave to communities and states in the past year including $1 million to the city of Stigler. Ag Secretary Sonny Perdue aid the millions were used to help construct or improve infrastructure and boost economic growth in rural communities. The money for Stigler went to …
The money’s flowing as much as the oil when it comes to the Permian Basin in West Texas. Oasis Petroleum in Houston is paying nearly $1 billion for thousands of acres in the Delaware Basin. The purchase from Forge Energy based in San Antonio involves 20,300 net acres. It is a $946 million deal including …
After coming out of bankruptcy in the past year, Houston-based Linn Energy is dividing itself into three standalone companies with one of them focusing on the oil and gas plays in Oklahoma. The division came after Linn came out of an $8.3 billion bankruptcy as two companies, Linn and Berry Petroleum. But now, Linn is …
Scientists at Stanford University claim they have devised a way of detecting thousands of faint, previously missed earthquakes triggered by fracking. It’s a claim that could have a profound impact in Oklahoma where thousands of earthquakes have been recorded in the last several years, prompting state regulators to control wastewater injection wells. Only in one …