With a lot of help from Oklahoma’s energy industries, the state’s economic improvement in the past year caught the attention of Moody’s Investor Services. The company has upgraded the state’s bond rating outlook from negative to stable. Governor Mary Fallin credited some of the improvement to the legislature’s approval of an historic revenue package. “Moody’s …
Oklahoma U.S. Sen. Jim Inhofe and others on the Senate Committee on Environment and Public Works focused this past week on cleaning up the oceans during a hearing on capitol hill. Their attention was devoted to the question: How to reduce the impact of man-made trash on the environment, wildlife and human health? Two witnesses …
Oklahoma’s latest earthquake was registered early Friday morning near the Cleveland County town of Dibble. The 2.9 magnitude quake was recorded at 2:07 a.m. Oklahoma time and the epicenter was approximately 3.8 miles northeast of the town, according to the U.S. Geological Survey. Here is the data as provided by the USGS. Event type: Earthquake …
At least one global energy strategist is predicting natural gas prices to spike by four times this winter. If, there’s always an ‘if’, there is a severe cold snap. It’s the prediction of Anthony Yuen at Citi who notes gas stockpiles will end the month of October at 3,330 to 3,370 billion cubic feet. That’s …
The State History Center has reopened the Devon Energy Oil and Gas Park more than one year after a storm left some of the display badly damaged. The center used private contributions as well as donations from Devon Energy, the Oklahoma Energy Resources Board and three individuals to restore the historic pieces of oil and …
Phillips 66 Partners says it’s started an open season for the Eagle Ford segment of its Gray Oak Pipeline in South Texas. The season means shippers will have a chance to secure long-term crude oil transportation on the Gray Oak line from the Helena Hub and Three Rivers terminal to the Corpus Christi and Sweeny/Freeport …
Roan Resources, Inc. in Oklahoma City has wrapped up its Fall 2018 Borrowing Base redetermination process for its Credit Facility. The company says all participating lenders consented to a Borrowing Base increase to $675 million from $425 million. The lender group also agreed to a London Interbank Offered Rate spread of 200 to 300 basin …
Tulsa’s Casillas Operating LLC reports one of its wells drilled late last year in Oklahoma’s Garvin county ended up with more than 1,000 barrels of oil a day in production. The Whitney 1-27-22mxh, (27 4N 4W) according to a completion report released on Sept. 27 had initial production of 1,080 Boed along with 2,346 Mcf …
The Oklahoma Corporation Commission has a public meeting scheduled for Friday, Sept. 28 which includes a daily signing agenda docket. The Commission, in the 8:30 a.m. meeting will also discuss and hold a possible vote on an application by Texoma Water, LLC for approval of a purchased water adjustment clause. Click here for the entire …
The U.S. House voted this week in support of a Reauthorization Act for the Federal Aviation Authority, a move that locks in funding for the agency and protects more than 6,000 jobs at the FAA’s Mike Monroney center in Oklahoma City. The House vote was 398-23 and Oklahoma Congressman Steve Russell was a supporter of …