Author's posts
Growing concern about an economic slowdown affects oil prices
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 …
Mueller Clears President of Russian collusion—Oklahoma’s GOP Congresmen not surprised
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 …
Judge won’t dismiss “fuel gas” lawsuit filed against Cimarex Energy
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 …
Federal judge gives partial court victory to Seventy Seven Energy
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 …
House Democrats start push to overturn FCC’s repealing of net neutrality protections
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 …
Texas AG files suit over massive Houston fire
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 …
Texas investment firm reports sale of 6 million shares in Chesapeake Energy
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 rose again in the past week in Oklahoma
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 …
Oklahoma’s jobless numbers grew in February
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 …
Permits to drill for March 22, 2019
Permits to drill for March 22, 2019. Alfalfa County WENNINGER A #1-22, March 21 2019 22 28N 12W NESWSWNE API: 00323303 Lat: 36.89314149888087, Long: -98.47547108955402 TRANS PACIFIC OIL CORPORATION SH, DR, 5900 ft, TONKAWA(4280), LANSING-KANSAS CITY(4510), DES MOINES(4850), MISSISSIPPI(5100), MISENER(5580), HUNTON(5590), SYLVAN(5600), VIOLA(5650), SIMPSON(5720) Canadian County NORTHERN DANCER 8-17-10-6 #3MXH, March 22 2019 05 10N 6W …