While the Trump administration’s delegation got a cold reception at this week’s United Nations climate summit in Bonn, Germany, Oklahoma U.S. Sen. Jim Inhofe was still defending the President’s decision to remove the U.S. from the Paris climate accord. During a hearing by the Senate Environment and Public Works committee where he is a ranking …
The tax reform bill proposed by Senate Republicans has strong support from Oklahoma U.S. Sen. James Lankford who took to the Senate floor to express his thoughts. The bill has an obvious impact on the energy industry in Oklahoma, whether it’s a push to eliminate some wind tax credits or a move affecting oil and …
The State Senate will take up the budget bailout bill on Friday after it won approval Wednesday in the State House on a 56 to 38 vote, but not before the oil and gas industry was targeted by some Democrats with more criticism. The plan calls for the reduction of overall state spending by nearly …
A newly-completed $9 million Devon Energy well in Blaine County is producing a whopping 5,100 oil-equivalent barrels a day, according to an announcement by the Oklahoma City energy company. The Faith Marie 1-H is producing the highest oil productivity of any STACK well to date targeting the Lower Meramec interval said the company. The firm …
Vocal critic of the Energy Information Administration, Oklahoma oilman Harold Hamm is going into the mouth of the lion on Thursday. He will speak at a webinar sponsored by the EIA and appear alongside an EIA analyst as they discuss crude production trends and examine the agency’s oil forecasts. If you recall, it was in …
Marathon Oil is reporting two of three recently-completed wells in Blaine County have production of more than 2,000 Boed. The largest had total production of 2,248 Boed. The Alta Bia, located at 31 15N 11W had a February spud date with the end of drilling in April and completion in May 2017. The Landreth well is …
Oklahoma City’s SandRidge Energy announced Wednesday a $746 million acquisition and merger of Bonanza Creek Energy of Denver, Colorado. Under the deal, SandRidge will acquire all of the outstanding shares of common stock of Bonanza Creek in a cash-and-stock transaction valued at $36 per share. The $746 million total transaction value is comprised of $398 …
Oklahoma City’s Chaparral Energy reported third quarter losses of more than $19 million but increased total revenues of $76 million. The company also reported its STACK production grew by 12 percent compared to the second quarter and by 34 percent in the past year. The company said its net loss was $19.1 million. The increase …
Oklahoma U.S. Sen. Jim Inhofe took part Tuesday in a Senate Committee on Environment and Public Works hearing where four bills emphasizing deregulation were targeted. One bill, the Recognizing the Protection of Motorsports Act of 2017 had Sen. Inhofe’s attention because of the involvement in NASCAR by the Love’s Travel Stops company. “We know the …
A transportation advocacy group that says it is dedicated to rebuilding Oklahoma’s transportation infrastructure has come out against the latest budget bailout plan introduced in the special session of the legislature. TRUST which stands for Transportation Revenues Used Strictly for Transportation opposes HB 1019X which would reduce county highway and bridge funding by $80 million …