Barnett Shale joint venture partners, Chesapeake Energy Corporation and Total E&P USA, have agreed to settle a class-action lawsuit in Fort Worth, Texas for $52.5 million, according to a report published in The Oklahoman. The 2014 and 2015 lawsuits were filed in north Texas by nearly 13,000 property owners in Johnson, Tarrant and Dallas counties …
Gasoline Prices Jump in Oklahoma to hit New Average of $2.08 a gallon
Oklahoma’s gasoline prices jumped nearly 8 cents in the past week, reaching a new average of $2.08 a gallon, according to the latest report from AAA Oklahoma. A week ago, the average was $2 a gallon. Nationally, the gas prices are at their highest point for the year, just days away from the start …
Group Plans LPG Fracking to Get around New York’s Fracking Ban
Some farmers in New York think they’ve found a way to get around the state’s new law that banned hydraulic fracturing using water. Their method? Liquefied Petroleum Gas. The Snyder Farm Group, according to Natural Gas Now, has contracted with the Texas-based Tioga Energy Partners to use propane fracking technology which is not banned by …
Oklahoma’s Job Rate Grows—So does Government Employment
Oklahoma’s employment number sagged more causing the state’s unemployment rate to increase by a tenth of a percentage point to reach 4.5 percent, according to recent numbers released by the Oklahoma Employment Security Commission. The movement upward represented the fourth straight month of increases while the 4.5 percent rate was also two-tenths of a point …
Downturn Claims Another Bakken Oil Firm
While the oil boom continues falling apart in North Dakota, it has claimed the venture capital firm, Intervention Energy, which filed for Chapter 11 bankruptcy in recent days. The firm, one of the largest companies focused on developing the Bakken and three forks areas in the Williston Basin, listed more than $140 million in debt …
Williams Files Another Lawsuit over Pending Merger With Energy Transfer Equity
Speculation grows that a lawsuit filed Saturday by Tulsa-based Williams Companies Inc. to stop Energy Transfer Equity LP from ending its merger with the company will cause a delay in the multi-billion dollar buyout. Over the weekend, ETE, based in Dallas indicated that prior to the lawsuit, progress was being made toward finalizing the merger. But …
Rural Landowners Rush to Register Private Air Strips in Advance of Wind Farms
The growth of wind farms across Oklahoma and a year-old state law has private pilots moving to register their private air strips, many in western Oklahoma, according to a report by The Oklahoman. As Paul Monies for the newspaper found out, there is a rush on to register the air trips with the Federal Aviation …
Senate Energy and Water Bill Includes Funding for Several Oklahoma Projects
Oklahoma U.S. Sen. Jim Inhofe says the just passed Energy and Water Development and Related Agencies Appropriations Act included priorities for Oklahoma he inserted into H.R. 2028. The measure passed on a 90-8 vote. “As passed by the Senate, the Energy and Water Development Appropriations Act will improve water supply and quality in Western Oklahoma …
Federal Probe Finds Plains All-American at Fault in 2015 California Oil Spill
Federal investigators blame “external corrosion” for the massive Plains All-American pipeline oil spill that occurred May 19, 2015 in Santa Barbara County, California and say the company could have prevented it. The U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration, in a 510-page report, blamed the company’s failure to “protect the pipeline from …
Unhappy Customer Sues BizJet
“BizJet’s work turned out to be disastrous.” Claim in lawsuit. Tulsa-based BizJet finds itself on the wrong end of a lawsuit filed by a Florida company accusing it of providing “grossly negligent servicing” of the firm’s Gulstream jet. The firm named Moon, Sun and Stars Inc. and its parent company Monsoon Inc. filed suit …