Crude oil futures hit the key mark of $50 a barrel on Thursday before retreating lower as traders remained cautious due to global output concerns and excessive storage supplies, according to Bloomberg MarketWatch. For the first time since last July, West Texas Intermediate crude under the new July contract advanced to $50.21 a barrel before …
Environmentalists don’t like it but the U.S. House has approved a new version of the energy policy overhaul on a 241-178 vote that was along party lines. Oklahoma’s U.S. Representatives James Bridenstine, Tom Cole, Frank Lucas, Markwayne Mullin and Steve Russell were among the 241 who passed the bill that resurrects the Keystone XL pipeline …
In what is considered ‘legal’ insider trading, University of Oklahoma President David Boren sold 5,000 shares this week he had as a board of director member at Continental Resources. The May 20 sale, according to The Market Digest showed Boren sold the shares at $41.10 a share for a total value of $205,502. The sale …
Even after losing more than $9 billion over a year and a half period, Oklahoma oilman Harold Hamm, the man who founded and still runs Continental Resources remains the richest man in Oklahoma. He is still sitting pretty as he manages his vast fortune and empire. Forbes reports the $9.4 billion lost over the past …
The U.S. Securities and Exchange Commission has granted approval to Williams Cos. of Tulsa to its Form S-4 document required for shareholders to be able to vote on the controversial proposed merger with Dallas-based Energy Transfer Equity. The approval came Wednesday in which the SEC ruled the form is “effective.” It is a document used …
At least 100 new years will be added in the coming year by SNT Media based in Wichita, Kansas. The 5-year old company announced plans to more than double the current workforce of 80 employees over the next 12 months. “We are solidly operationalizing here in Wichita,” said Tonya Witherspoon, a spokeswoman for the company …
When it comes to the use of biomass in producing electricity across the nation, the country’s deep south is leading the way. While Oklahoma is considered part of the southern states creating the electricity, the increased use of biomass really occurred in Virginia, Florida and Georgia. US electricity generation, according to the U.S. Energy Information …
A south central Kansas man has been indicted on charges of running a nearly $8 million oil and gas scheme and if he’s convicted could get up to 20 years in prison. Federal prosecutors in Wichita revealed the indictment this week against David Lawson of Hillsboro, Kansas. the 70-year old was the owner and director …
When the State Senate approved SB 1577 this week, only two Senators voted against cutting the tax credit for the state’s at-risk oil wells. One of them was Sen. Ralph Shortey of Oklahoma City who led the debate against putting a $12.5 million cap on the credits that were expected to swell to $25 million …
An Oklahoma bill providing a tax rebate for economically at-risk oil and gas wells received final passage in the Senate on Wednesday. Senate Bill 1577, co-authored by Senate Pro Tempore Brian Bingman and House Speaker Jeff Hickman, was originally filed on May 2 in order to slash a tax rebate program that was originally created …