The cause of a fire at an oil and gas pumping unit on Monday near Wewoka apparently was a backfiring motor. It’s what Fire Chief Kevin Green said about the late-afternoon fire that was still burning later Tuesday. The motor backfired and ignited gases as the crew of the pulling unit worked around the well …
Only the burned ruins of a cotton gin destroyed by fire on Tuesday remain in the southwest town of Lone Wolf. For a while, fear that oil and chemicals in the business would cause a more dangerous situation prompted state troopers and authorities to begin an evacuation of some of the town in Kiowa county. …
Another fatal oil well drilling rig accident is under investigation in Oklahoma. The Caddo County sheriff’s office was notified of the incident Tuesday afternoon. A worker reported fell to his death from a rig located near the town of Cement. The rig is located at County Street 2740 and County Road 1450. The sheriff’s office …
Oklahoma Treasurer Ken Miller announced Tuesday that March gross receipts for the state grew 7.4 percent compared to a year ago marking 12 straight months of an increase in revenues. Tax revenue on oil and gas played a role in the growth. Miller indicated gross production taxes on oil and natural gas brought in $72.8 …
Operations of Panhandle Eastern Pipeline Company in Oklahoma weren’t affected but a cyber attack is blamed for causing problems with the electronic communication system owned by Energy Transfer Partners LP and its major U.S. pipeline network. The network includes Panhandle Eastern along with Transwestern Pipeline Co. and Rover Pipeline LLC. The attack happened Monday morning …
ConocoPhillips says it closed or entered definitive agreements for nearly $250 million in proceeds from the sale of non-core assets in the first quarter of 2018. In an update on disposition activities, the Houston company with major operations in Bartlesville said several small packages were also closed during the quarter in the Permian Basin. Another …
A more than $1 billion deal has been finalized between Dallas-based Energy Transfer Equity and Energy Transfer Partners L.P. and USA Compression Partners LP of Austin, Texas. USAC is known as one of the nation’s largest independent providers of compression services and paid $1.232 billion in cash for Energy Transfer’s CDM compression business. The final …
An investigation is underway after an explosion and fire injured two workers on a pulling unit over a well site near Wewoka on Monday. The fire burned much of the rig and the two workers were rushed to local hospitals. One was medi-flighted, according to the Seminole County sheriff’s office. The unit was at a …
Monday saw an extension of a drop in oil prices as they slipped by at least 3 percent in trading. Why? Experts say geopolitical concerns that were behind last week’s rally faded. West Texas Intermediate crude ended the day down $2.09 or 3 percent at $62.85 a barrel for May futures on the New York …
A legal fight between two energy companies over trade secrets has led to a Texas Supreme Court denial of a request from Terra Energy Partners LLC to force the defendant to reveal which trade secrets were allegedly stolen. The case stems from a 2016 lawsuit by Sanchez Oil and Gas Corporation which accused Terra Energy …