GasBuddy reports gasoline prices in Oklahoma City dropped another 3 cents in the past week, reaching a new average of $2.08 a gallon at the pumps. The firm conducted a survey of 669 stations in the Oklahoma City metro to reach the new conclusion, adding that the drop compares with the national slide of nearly …
It’s been a quiet month for Oklahoma Congressman Markwayne Mullin and others who sit on the U.S. House Energy and Commerce Committee. Very few hearings were held in November as Mullin and others wrapped up their election campaigns, Mullin of course, winning re-election to another two-year term. But a check of the various subcommittees showed …
If some of the energy experts are right, Chesapeake Energy’s recent $3 billion purchase of WildHorse Resource Development in Texas isn’t the last of the acquisitions of big shale players. And don’t forget Canada’s Encana Corp. buying Newfield Exploration Co. for $55 billion earlier this month. They expect many more to follow in the coming …
Governor Mary Fallin could take part in one of her last groundbreakings as leader of Oklahoma this week. She will attend the groundbreaking ceremony Monday afternoon for the new home of the Oklahoma Insurance Department. Joining her will be Insurance Commissioner John Doak and the man elected to replace him, Glen Mulready. Ceremonies will be …
The Oklahoma Department of Transportation is serving up an early present to holiday travelers with two new tools to help them make travel decisions. “The department is debuting the ability to find all of ODOT’s online travel tools within one app now available in the Apple App Store. Additionally, the department is adding snow plow …
The snow that’s predicted for northern Oklahoma is part of a storm that already dumped so much snow in Colorado, it shut down Interstate 70 in the mountains. And the storm system has moved across Kansas with a fury as white outs were expected because of the strong winds that also whipped Oklahoma on Sunday. …
The combination of an increased production of oil across the globe plus a drop in demand continues to send gasoline prices in a downward spiral, including in Oklahoma where the new statewide average is $2.22 per gallon. A week ago, Oklahoma’s average price was $2.30 a gallon and one month ago, the average price was …
Paris is a city that remains in turmoil and violence—all because of increasing diesel fuel prices. Over the weekend, rioters took their anger over increasing fuel prices to the streets where police had to use water cannons on them. An estimated 5,000 protesters converged on the Champs-Elysees, angry over a proposed tax increase on diesel …
Because of a shortage of employees, the Oklahoma Corporation Commission’s handling of oil and gas well completion reports has been slow. But the commission’s latest completion reports showed 29 were filed by Oklahoma Energy Acquisitions LP, a subsidiary of Alta Mesa Holdings based in Houston, Texas. All 29 reports were filed for Kingfisher County, …
Midstates Petroleum Company, Inc. announced that the Company has amended its Senior Secured Credit Agreement effective November 16, 2018. This amendment improves the Company’s financial flexibility by removing certain restrictions for cash payments pertaining to share repurchases and dividends. The amendment imposes a minimum liquidity requirement of $50 million and states that the Company’s …