One group of investment analysts say investors should take note of Oklahoma City-based Chesapeake Energy’s scaling back of operations in the Mid-Continent region. The company is down to one rig and one frac crew in Oklahoma, according to the investment firm of Seeking Alpha. Chesapeake had at least four drilling rigs and two completion crews back …
An executive behind Volkswagen’s diesel emissions cheating scandal that will result in millions for the state of Oklahoma is to be sentenced next week in federal court in Detroit, Michigan. It was in August when Oliver Schmidt, former general manager of VW’s environmental and engineering office in the U.S. pleaded guilty to federal charges of …
Out in the Texas Panhandle, the big story is the ranch that’s for sale. It’s the 65,000-acre ranch owned by oilman T. Boone Pickens. He’s asking $250 million for the Mesta Vista ranch he founded in 1971. Mesa Vista actually totals 64,809 acres about 90 miles northeast of Amarillo. It’s so big, it covers 101 …
Oklahoma SCOOP holdings of Noble Energy are part of a $340 million divestiture deal by the company. It includes millions of acres of mineral rights and royalty interests in Oklahoma, Texas, North Dakota and other states. The buyer is Black Stone Minerals headquartered in Houston, Texas. The purchase expands Black Stone’s position in the STACK …
In a review of the growth of compressed natural gas stations in Oklahoma, the Tulsa World found the growth has slowed in the past few years—-thanks go falling gasoline prices and the low-cost of electric-car charging stations. Five years ago, gasoline prices were in the $3 to $4 range and there was a big push …
The Nebraska regulators who approved a construction permit for the Keystone XL pipeline are now being asked to reconsider their decision of last week. The requests come from landowners and from the pipeline developer, TransCanada. TransCanada indicated its request of the Nebraska Public Service Commission is not about changing the route but to “address some …
The Association of Central Oklahoma Governments is preparing for driver-less cars…..those known as “autonomous vehicles.” It plans a Dec. 4 workshop in Oklahoma City entitled “Driving Toward the Future: Preparing Central Oklahoma for Connected and Autonomous Vehicles.” In announcing the workshop, ACOG said it has been planning for and responding to evolving vehicle technologies. “Autonomous …
A Houston oil and gas waste management company has opened a new operation in the Permian Basin. Milestone Environmental Services announced the operation is 25 miles south of Midland on State Highway 349 on a 20-acre site. The company is initially accepting drilling wastestreams including water-based mud and oil-based mud along with some completion and …
The Oklahoma Corporation Commission is releasing more information about the fracking that’s being blamed for small earthquakes around Yukon. Citizen Energy, an exploration company based in Tulsa cut back the volume as much as 50 percent on several stages of the hydraulic fracturing process. Matt Skinner, a spokesman with the Corporation Commission told News 9’s …
While the death of an oilfield worker near Watonga, Oklahoma is under investigation, OSHA announced it reached a settlement with a Texas company over the death of a worker last spring. The agreement with Marshall Pottery, Inc. located in Marshall, Texas includes a penalty of $545,160 after an assistant plant manager died last April when …