The Oklahoma Oil and Gas Association is calling an agreement between the state and SandRidge Energy a “positive outcome” in the move to reduce injection well operations suspected of causing earthquakes in northern Oklahoma.
“The processes at the…
Energy Group Praises SandRidge and State Earthquake Agreement
What Looms Ahead for Oil and Gas Companies
No telling what fourth quarter earnings will be like for some of the oil and gas firms in Oklahoma when they issue reports in the coming days. But here’s an indication why Devon Energy is making layoffs and other companies are retrenching their p…
Biggest Oil Pipeline Yet Approved in North Dakota
The biggest capacity crude oil pipeline proposed for North Dakota won approval this week by North Dakota regulators. The $3.8 billion line, stretching 1,150 miles across four states, would move nearly 600,000 barrels daily from the Bakken oil p…
Chevron Fights Judge’s Ruling on Cleanup of Abandoned New Mexico Mine
Chevron Corporation is fighting a court ruling that says the federal government was not liable for cleanup costs at a northern New Mexico Superfund site that once was a mine site operated by the company but owned by the U.S. government. It took i…
WTI Sinks Below $27 a Barrel Mark on Wednesday
Oil continues its slide as glut worries persist on Wednesday. On its final day as the front month contract on the New York Mercantile Exchange, February West Texas Intermediate crude lost $1.91 to settle at $26.55 a barrel. The March WTI contract will …
Oklahoma Paying the Lowest Prices at the Pump
Oklahoma drivers are paying the lowest gasoline prices in the country according to AAA-Oklahoma. The statewide average is $1.576 a gallon. Missouri is the next lowest at $1.60.
“Crude oil’s in a free fall amid plentiful supplies, increased exports fro…
Blueknight Energy Partners Declares Distribution
Blueknight Energy Partners announced Wednesday that its Board of Directors declared a quarterly cash distribution of .1450 cents per common unit. It is an increase of 6.2 percent over the fourth quarter 2014 distribution.
The Board also declared a dis…
OSU Students Study Earthquakes in Africa
It seems odd at first blush why Oklahoma State University would send four geology students to Malawi in Africa to study earthquakes when Oklahoma is now home of the largest number of earthquakes in the U.S.
Nonetheless, the students spent last summer …
U.S. Crude Prices Absorb Iran News on Tuesday
It was West Texas Intermediate crude’s turn to absorb the news that Iran will be re-joining the global oil markets soon. February contracts on the New York Mercantile Exchange lost 96 cents to settle at $28.46 a barrel. It was the first day of trading …
Sen. Holt Calls for Better Savings in Wake of Lower Energy Prices
In light of Oklahoma struggling with lower oil and gas prices once again, Oklahoma City State Senator David Holt proposes a way to increase the way the state government saves for troubled times like these. Holt introduced Senate Joint Resolution 44 whi…