A study confirms that rising production costs as well as high prices for leases have led to a slowdown in the Permian Basin in Texas and New Mexico. Writing this week, the Houston Chronicle found that while drillers spent $35 billion in West Texas over 9 months ending in the spring, the collective value of …
The story of vertical well drillers fighting Oklahoma’s larger horizontal well operations is getting some national play as Bloomberg News reported on the battle this week. Bloomberg told the story of one Oklahoma independent operator whose old vertical wells have been harmed by horizontal drilling. The news service also briefly revisited the OK Energy …
New York based Viking Energy Group has bought more oil and gas leases of shallow-well opportunities in eastern Kansas. It’s the second purchase in the past month. Using a wholly-owned subsidiary, Mid-Con Drilling LLC, the company acquired a 100% working interest ni six new oil and gas leases in Miami and Franklin Counties. The wells …
Reporters are just learning about an unpublicized eight-day trade mission to Israel taken by Kansas Gov. Sam Brownback in late August and early September where he discussed energy business with the country. His meeting, according to the Hutchinson News included a lengthy meeting with Israel’s Prime Minister Benjamin Netanyahu. The paper reported the Kansas Commerce …
Houston-based Anadarko Petroleum has announced a change in company leadership with leaders saying it falls in line with the firm’s $7.5 billion in the sale of non-core assets over the past two years. Anadarko Chairman, President and CEO Al Walker said Danny Brown will be the new Executive Vice President of U.S. Onshore Operations. He …
Oklahoma City-based Devon Energy plans to announce its third-quarter 2017 earnings on Oct. 31, a Tuesday. It will be made after the close of U.S. financial markets. On the following day, Nov. 1 at 10 a.m. the company will hold a conference call to answer questions from analysts and investors.
The Energy Information Administration says taxes and fees on gasoline by states and the District of Columbia were up nearly 28 cents a gallon as of July 1, 2017 compared to a year ago. The EIA said the increase represented a 4.5% jump in the past year. While nearly a dozen states increased their taxes …
The city of Ardmore is moving ahead with plans to construct a Federal Aviation Administration-approved control tower at the Municipal Airport. The Mayor and City Commissioners approved an agreement this week between Ardmore and the Ardmore Development Authority according to the Ardmoreite. City Manager J.D. Spohn told commissioners the lack of a control tower has …
The executive director of the Interstate Oil and Gas Compact Commission headquartered in Oklahoma City is leaving the job. Mike Smith has been Executive Director since joining the Commission in 2008 but there has been no announcement as to his future. Smith was Oklahoma’s Secretary of Energy under the administration of former Gov. Frank Keating …
Opponents of a wastewater disposal well in the Flint Hills of Kansas say they won’t challenge a Kansas Corporation Commission approval of the well but plan to fight any others in the future. Their fight concerned a well proposed near Strong City by Quail Oil Company. The well is also close to the Tallgrass Prairie …