In a case of “who might blink first”, billionaire investor Warren Buffett’s vowed not to raise the $9 billion bid he’s made to take over Oncor Electric Delivery Co. in Texas. His vow comes after Elliott Management Corp. bought some of the debt Energy Future Holdings Corp., the main owner of Oncor and a company …
Just like Cushing as become the place where prices of West Texas Intermediate crude are determined, southern Louisiana is fast becoming the place where natural gas prices are determined around the world. Louisiana is home to the Henry Hub, a standard bearer for domestic shale gas markets. But now the jump in U.S. exports to …
The Federal Reserve Bank of Dallas says oil and gas employment in Texas grew again for the seventh consecutive month. The bank says the industry added nearly 4,300 positions statewide in June over May and it credited jobs growth in the mining sector. Oil field services are included in the mining sector. Researchers estimated there …
The Wednesday afternoon and night time thunderstorms in Oklahoma did their best to wipe out the drought in the state. The statewide average rainfall total now stands at 5.47 inches according to the Oklahoma Mesonet. It means the new rainfall total has resulted in the seventh wettest August since records began in 1895. The …
Troubled with a 2015 crude oil pipeline leak in California, Houston’s Plains All American Pipeline, a company with operations in Oklahoma has announced plans to replace the line that spilled 142,000 gallons of oil. It’s known as the Refugio Oil Spill and Plains has submitted an application with the Santa Barbara County Energy Division to …
A gas surge on the grounds of the Pawhuska school district campus resulted in the cancellation of classes for the remainder of the week. The surge drew the attention of federal and state officials as they investigated the incident. On hand were representatives of the EPA Region 6 office in Dallas along with the Oklahoma …
I think it’ll open the doors for a lot of the vertical operators to come in and get what’s theirs.” Oilman Andy Sheen. Two days after winning what might be the first lawsuit by a vertical well operator blaming a horizontal well driller on the loss of a stripper well, Oklahoma City oilman Andy …
Two Texas-based oil and gas producers report a combination of 13 new oil wells in Oklahoma’s STACK play with the largest producing more than 1,000 barrels a day. As reported on OK Energy Today’s Well Completion reports, Carrera Energy LLC, based in Midland, Texas brought in a well producing 1,122 Boed as well as 3,755 …
Former Oklahoma House of Representatives member Richard Morrissette is no stranger at the courthouse. The south Oklahoma City attorney is vocal and often speaks his mind. Morrissette has been a courtroom observer at the Cleveland County trial involving a Lincoln County couple who filed sued in 2014 against two oil companies alleging damages and injuries …
Tax collections on oil and gas production in Oklahoma in July once again led the way in total General Revenue Fund collections according to Preston Doerflinger, Secretary of Finance and Revenue. The total collections in all categories met the official monthly estimate but were ahead 10.7 percent for July of 2016. Gross production tax collections …