Murphy Oil Corporation based in El Dorado, Arkansas announced this week it is buying a 20 percent working interest in part of a deep water basin off the shores of Brazil. Murphy’s wholly owned Brazilian subsidiary, Murphy Brazil Exploracao E Producao De Petroleo E Gas Ltda will own part of the Sergipe-Alagoas Basin. It made …
New jobless figures show once again that Oklahoma’s energy industry remains a vital part of the economy. The State Employment Security Commission reports unemployment rates improved over the year for most counties in August. Rates were lower than a year ago in 62 of 77 counties, higher in ten and unchanged in five counties. Of …
Oklahoma U.S. Sen. Jim Inhofe joined New Mexico’s Sen. Martin Heinrich this week in introducing legislation that they said would ensure all transmission transactions are provided parity in the review process by the Federal Energy Regulatory Commission. Their Parity Across Reviews Act would also target renewable energy efforts that create challenges to transmission networks. “The …
Oklahoma City-based Chesapeake Energy announced Wednesday the offering of $750,000,000 in notes due in the coming years. The private placement to eligible buyers focuses on additional 8% senior notes due 2025 and 8% senior notes due 2027. The company stated that the new 2025 notes will be on top of the $1 billion in 8% senior …
The American Council for an Energy-Efficient Economy plans to release its 2017 State scorecard on Thursday and one of the states to be highlighted will be Oklahoma. The new scorecard will be released at 10 a.m. and ACEEE indicated there will be shakeups in state rankings with major improvements for Idaho, Nevada, Virginia, Florida and …
A three-year study of the Permian Basin in Texas and New Mexico indicates the giant play still holds up to 70 billion barrels of recoverable oil. The claim is made by energy researchers at IHS Markit based in Houston. They studied the basin’s key geologic characteristics to get a better estimate of the remaining hydrocarbon …
After successfully suing a wind farm developer in a fight over mining, the Osage Minerals Council finds itself in another fight. It’s being sued by the Third Osage Minerals Council in a dispute over who really owns the Osage Mineral Estate. The Third Osage Minerals Council, on a vote of 4-3 recently moved to take …
The Sierra Club has a message for Oklahoma Governor Mary Fallin and how to solve the $215 million budget hole. “Tell the governor to close the massive budget hole by making oil and gas pay their fair share,” said the club in its latest attack ad on oil and gas. “Oklahoma is facing a massive …
There has been no letup in the exploration in Oklahoma’s STACK play as indicated by the latest completion and permits to drill reports published by OK Energy Today. The completion reports show Newfield Exploration with moderate success in a 588 barrel a day oil well in Canadian County and another one in Kingfisher County. Chesapeake …
The 2017 Oil and Gas Institute by the Oklahoma Corporation Commission will be held Friday on the campus of Oklahoma City University. This year’s event is titled “Expanding Horizons: The New Frontier of Oklahoma Conservation Law.” and will be held at OCU’s Meinders School of Business, 2501 North Blackwelder. It will start at 8:30 a.m. …