The storm that brought ice and snow to Oklahoma on Thursday resulted in a complete shutdown of the Oklahoma Corporation Commission. It initially announced business wouldn’t occur until 10 a.m. then the OCC announced through its website that the Jim Thorpe building would be closed for the entire day. With the storm expected to be …
While Oklahoma City-based Chesapeake Energy awaits a shareholder vote on a proposed $4 billion takeover of WildHorse Resources, its recent commitment to oil rather than natural gas is raising some concerns. After all, oil prices have fallen despite Chesapeake’s intention to expand oil-drilling in the Powder River Basin of eastern Wyoming. Those concerns even prompted …
A review of production of shale wells in the U.S. shows many of the wells are not doing as well as drillers and owners had hoped. It even raises the question of the profitability of the fracking boom according to one published report. The Wall Street Journal compared the well-productivity estimates that top shale-oil companies …
Two relatively weak earthquakes were recorded this week including one close to Hennessey in the northwestern part of Oklahoma. The 2.6 magnitude quake recorded Wednesday morning had an epicenter only about one mile southeast of Hennessey and at a depth of about 3 miles. It shook the area around 12:40 in the morning. The first …
Thursday’s winter storm produced power outages for rural electric cooperatives in the central part of Oklahoma. By 8 a-m, the number totaled more than 2,900 customers. The largest outage was reported by the Canadian Valley Electric Cooperative with 2,914 customers without power including more than 1,600 in Lincoln County. The Cooperative serves Lincoln, Oklahoma and …
This week’s retirement of Halliburton Co. chairman David Lesar is now believed connected to a federal investigation into a land deal he negotiated with outgoing-Interior Secretary Ryan Zinke. His retirement wasn’t a surprise since the company knew about it since May 2017. Reports indicate Lesar is not implicated in the federal probe by the Interior …
The Denver Federal Appeals court has reversed a lower court ruling which originally said Anadarko E and P Onshore did not trespass when it drilled several wells on a Colorado farmer’s land. In effect, the court ruled the Houston-based company did in fact trespass on farmland owned by Marvin and Mildred Bay in Weld County, …
The oil and gas industry is left again wondering how the markets will treat oil prices as they fell early Thursday due to volatile stock markets on top of worries about an economic slowdown in 2019. U.S. West Texas Intermediate crude oil futures dropped 75 cents to $45.79 a barrel in early trading. International …
Randy McDaniel has become Oklahoma’s 19th state treasurer. During a ceremony attended by family and friends, McDaniel was administered the oath of office by State Supreme Court Justice James Winchester on Wednesday morning at the State Capitol Building. McDaniel has 24 years of private sector experience as a successful financial advisor and banker. He also served …
Sixteen million dollars later and the renovation of the headquarters of the Oklahoma Department of Wildlife Conservation is ready to be seen by the public. Damage from flooding in 2013, the building had been closed while repairs and renovations were underway. But the public grand opening has been set for Monday, Jan. 14 from 3 …