Worries about an economic slowdown combined with OPEC’s production cuts and U.S. sanctions on Iran and Venezuela prompted a slip in oil prices in early trading on Monday. Brent crude oil futures were down 36 cents at $66.67 per barrel while U.S. West Texas Intermediate futures dropped 29 cents at $58.75 per barrel. Both benchmarks …
The response of Oklahomans in the U.S. House and Senate to the report by Special Counsel Robert Mueller was no surprise. They suggested the report that cleared President Trump of any Russian collusion was expected and what they had been professing for the past two years. “The summary of the Mueller report Attorney General …
As Colorado’s Cimarex Energy Company and Cimarex Energy Company of Colorado fight a class action lawsuit over royalty payments, a Muskogee federal judge has refused to dismiss the suit. It’s a suit involving the use of natural gas as fuel gas. U.S. District Judge Steven P. Shreder of the Eastern District of Oklahoma denied …
The Oklahoma City energy firm spun off from Chesapeake Energy nearly 5 years ago has won a partial victory in a federal court lawsuit filed over its retirement and savings plan. Oklahoma City U.S. District Judge Timothy D. DeGiusti granted Seventy Seven Energy’s request to dismiss some of the claims made in a class-action lawsuit …
Democrats on the House Energy and Commerce committee will consider legislation to overturn President Trump’s elimination of net neutrality protections. The Subcommittee on Communications and Technology, led by Rep. Mike Doyle (D-PA) will meet Tuesday morning on Capitol Hill. Democrats are anxious to push back against the Trump Administration and the Federal Communications Commission which …
The massive fire that happened a week ago near Houston prompted the Texas Attorney General to file suit against the company responsible for the 3-day blaze. Ken Paxton filed suit against Intercontinental Terminals Company alleging it released pollution in violation of the Texas Clean Air Act. His 18-page lawsuit was filed in a Travis County …
A Texas investment firm reports disposing of nearly 6 million shares it had in Oklahoma City’s Chesapeake Energy Corporation. In a filing with the Securities Exchange Commission, Chesapeake Energy reported the sale of 5,913,736 shares by investor NGP Energy Capital Management, LLC based in Irving, Texas. Prices received for the shares ranged from $3.26 to …
Gasoline prices in Oklahoma rose again in the past week reaching a new statewide average of $2.43. The new average is 7 cents higher than a week ago. AAA Oklahoma reports the cheapest gasoline is found in Walters, the county seat of Cotton County in the southwest where motorists pump gas at an average price …
For a second consecutive month, unemployment rose in February in Oklahoma according to a state agency. The Oklahoma Employment Security Commission reported the jobless rate rose 0.1 percent from January to reach 3.3 percent for February. However, the latest unemployment rate is still better than the 3.8 percent reported in February of 2018. The state’s …
Devon Energy leaders will be among those seeking new investors at this week’s Scotia Howard Weil Energy Conference in New Orleans. They plan to make a presentation on Monday, March 25 and it will be available to the public on Devon’s website, www.devonenergy.com on Monday.