Companies quite familiar in Oklahoma’s oil patch are among the 20 top US energy companies that have agreed to contribute $16.5 million to open new schools in West Texas where they are active in the Permian Basin. Among them are Devon Energy, Cimarex Energy Co., Concho Resources, ConocoPhillips, and Halliburton Co. They are members …
Bloomberg News reports that the promise of the Permian Basin is shrinking. And it cites various reasons including pipeline limitations, wells drilled too close together, low natural gas prices and high land costs. But the most consequential is that shale-well production falls off at such a high rate — as much as 70% in the …
An explosion caused by a welder’s torch left a man dead early Sunday morning at an oilfield firm in El Reno. Fire investigators say it was around 7 a.m. when the incident happened at Canyon Oil Field Services at 1608 East Highway 66. The explosion happened outside the shop where a man was welding on …
Another significant oil well producing more than 1,000 barrels of oil a day is reported in far western Oklahoma. Valpoint Operating LLC, an Amarillo, Texas based company filed a completion report for the Shrewder 26-23-1H located at 35 18N 23W in Ellis County. The Shrewder well had initial production of 1,076 barrels of oil …
At least seven of the defendants named in a negligence lawsuit over the Jan. 22, 2018 gas rig explosion that killed five workers in southeast Oklahoma have been dismissed from the case. At the same time, a Pittsburg county district court judge ruled against another defendant’s move for a protective order. The case involved the …
When the Oklahoma Corporation Commission votes in a few weeks on a proposed rate package for Oklahoma Gas and Electric, it will do so with the recommendation of approval from an administrative law judge. OGE originally filed a request last year for a $78 million rate increase but attorney general Mike Hunter’s office opposed the …
Topics: Energy | Indicators and Data The Federal Reserve Bank of Kansas City reports slight increases in oil and gas activity in the second quarter of 2019. A Bank survey also found leaders in the industry have only marginal enthusiasm for the future of oil and gas in Oklahoma and other states in the 10th Federal Reserve …
While the Kentucky Attorney General is investigating the financially ailing Blackjewel Mining company, some 60 Blackjewel workers let go because of a mine shutdown in Wyoming have been hired by competitor Cloud Peak Energy, Inc. Cloud Peak indicated the nearly 60 former Blackjewel employees will start at its Cordero Rojo and Antelope mines on Tuesday, …
Another drop in the number of oil and gas rigs was recorded in the U.S. in the past week while Oklahoma’s count grew by one to reach 98. Nationally, the U.S. count fell by 5 to 958. The number of oil rigs fell by 4 to 784 while gas rig numbers declined by 2 to …
Thanks to grants totaling more than $50,000, the city of Edmond will install 10 public and workplace charging stations for electric vehicles. The $50,550 in grants were awarded by the Association of Central Oklahoma Governments and the Oklahoma Department of Environmental Quality to the City of Edmond and the University of Central Oklahoma. Two of …