A week before it is scheduled to release its 2015 earnings report, financially-challenged SandRidge Energy, Inc. announced it chose to exercise a grace period and defer making nearly $22 million in interest payments that were due on Tuesday, Feb….
House Speaker Says New Plan Helps State Get Ahead of Earthquakes
The state’s new earthquake plan for disposal wells in northwestern Oklahoma gets the support of Oklahoma House Speaker, Rep. Jeff Hickman.
In a statement issued Tuesday, he called it appropriate action by the Oklahoma Corporation Commission.
“T…
Gasoline Prices Go Back Up to Hit $1.41 Statewide Average
Gasoline prices have jumped back up in some sites in Oklahoma and state’s price average is up to $1.41 a gallon, according to the latest Fuel Gauge Report from AAA Oklahoma. It had been down to $1.34 as of last weekend.
“Normally, given the time of th…
State Announces Funding to Monitor Disposal Wells and Earthquakes
The same day the Oklahoma Corporation Commission unveiled a new and larger earthquake plan targeting disposal wells in northwestern Oklahoma, the Governor’s Coordinating Council on Seismic Activity announced the awarding of a research grant to cr…
Sierra Club Critical of State Over Past Earthquake Action
In announcing a new earthquake plan covering 245 wastewater injection wells, State Corporation Commission officials said this week they were finally getting out ahead of some of the quakes.
“This plan is aimed not only at taking further action i…
Oilfield Conference Underway in Tulsa
No doubt one of the most talked-about topics of the day when the Mid-Continent Digital Oilfield Conference gets underway today in Tulsa will be the layoffs at Oklahoma City-based Devon Energy.
While nearly 1,000 are losing their jobs, others sti…
Despite Production Caps Crude Slips on Tuesday
Despite a decision by major oil producers to cap production levels, crude prices fell on Tuesday. March West Texas Intermediate crude dropped 40 cents to settle at $29.04 a barrel on the New York Mercantile Exchange. On the London ICE Futures Exchange,…
Ethanol Industry Boasts of Helping National Economy
While Oklahoma has no ethanol manufacturing operations, the U.S. ethanol industry added $44 billion to the nation’s gross domestic product in 105 according to a new study by ABF Economics. It also supported nearly 360,000 jobs.
The study was re…
Energy Programs Among those Cited as Wasteful Govrenment Spending by Rep. Steve Russell
Nothing is sacred in Oklahoma U.S. Rep. Steve Russell’s Waste Watch No. 4 that was released this week, detailing some $75 billion in what he calls “waste, cost overruns, and other misspending,” including solar-powered beer or the sale of plastic bags f…
Sierra Club Sues Energy Companies Over Earthquakes
More than 90 days after warning three energy companies, the Sierra Club Oklahoma has filed federal suit blaming Devon Energy, Chesapeake Operating and New Dominion for earthquakes in central and northern Oklahoma.
The suit was filed in Oklahoma City f…
