Oklahoma Energy News - Oil & Gas

The Oklahoman
Exclusive

Oil, gas industry may challenge Kingfisher County's revised permit requirements for temporary line

Kingfisher County’s board of county commissioners has revised completely its temporary pipelines permitting requirements. On...

The Oklahoman
Exclusive

Encana to bring cube development to STACK wells in April

Oklahoma’s prairie landscape is about to take on a little bit different look. In April, a new player in the state’s STACK play...

Business

Oklahoma oil prices and drilling report for March 16, 2019

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $55 Oklahoma Sour: Sunoco Inc. — $43 Oklahoma oil...

Business

Oklahoma business briefs for March 14, 2019

Energy expert to speak at OCU Energy expert Scott Tinker is scheduled to give a presentation titled “Sustainable Energy...

Business

Oklahoma oil prices and drilling report for March 15, 2019

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $55.25 Oklahoma Sour: Sunoco Inc. — $43.25...

Business

Chaparral reports financial, operational results

Chaparral Energy highlighted growing production numbers and improved margins when it announced its 2018 results Thursday. The...

Business

Public Service Co. of Oklahoma obtains approval of settlement in rate case before Corporation Commission

Oklahoma’s Corporation Commissioners on Thursday unanimously approved a rate case settlement agreement with Public Service Co....

Business

Mammoth Energy Services posts quarterly, annual results after Thursday's market close

Mammoth Energy Services experienced a slowdown in business during the final quarter of 2018, but not enough to derail...

Business

Mid-Con Energy Partners reports quarterly, annual results

TULSA — Mid-Con Energy Partners’ top executive this week said the company is making progress in turning around its operations....

Business

Midstates earns net incomes in final quarter of 2018, full year

TULSA — Midstates Petroleum Co. earned net incomes both for all of 2018 and the final quarter of the year, the company reported...

Business

Oklahoma oil prices and drilling report for March 14, 2019

Oil and gas prices Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $54.75 Oklahoma Sour: Sunoco...

Business

House approves measure to protect mineral rights owners from governmental takings, sends to Senate

Oklahoma’s House of Representatives sent along a proposed law to the Senate this week that could allow mineral rights owners to...

Business

US consumer prices rose 0.2% in February

WASHINGTON — U.S. consumer prices rose 0.2 percent in February, pushed up slightly by higher gasoline and housing costs even as...

The Oklahoman
Exclusive

Oklahoma Corporation Commission backs electric cooperative in dispute over a large power agreement

The Oklahoma Corporation Commission on Tuesday short-circuited ONEOK’s hopes to have Oklahoma Gas and Electric Co. supply power...

Business

Oklahoma oil prices and drilling report for March 13, 2019

Oil and Gas prices Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $53.50 Oklahoma Sour: Sunoco...

Business

Oklahoma oil prices and drilling report for March 12, 2019

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $53.50 Oklahoma Sour: Sunoco Inc. — $41.50...

Business

Oklahoma oil prices and drilling report for March 9, 2019

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $52.50 Oklahoma Sour: Sunoco Inc. — $40.50...

Business

Business cover brief for March 9, 2019

Rig count increases by 1 in Oklahoma The number of working rigs climbed by one in Oklahoma this week while it fell again...

Business

Historic preservation brings an old Oklahoma oil field to mind

EDMOND — Brainstorming before — and at — last Tuesday's meeting of the Edmond Historic Preservation Trust, the West Edmond...

Business

Oklahoma oil prices and drilling report for March 8, 2019

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $53 Oklahoma Sour: Sunoco Inc. — $41 Oklahoma...

Labor rule would increase salary threshold for white collar exemptions

Business6 days ago

More than two years after a Texas court blocked the implementation of new overtime rules that were set to go into effect in December 2016, the U.S. Department of Labor has spoken out on the subject. What happened? On March 7, the U.S....

Exclusively from The Oklahoman

Business

Public Service Co.'s pending rate case includes a reliability feature, regulators say

The proposed settlement of Public Service Co. of Oklahoma’s pending rate case isn’t performance-based, as initially proposed....

Business

Oklahoma Business cover briefs for March 8, 2019

Panhandle Oil and Gas board updated Panhandle Oil and Gas announced Thursday the company's shareholders at its annual meeting...

Business

US trade gap jumped to 10-year high; record gap with China

WASHINGTON — The U.S. trade deficit jumped nearly 19 percent in December, pushing the trade imbalance for all of 2018 to widen...

Business

Oklahoma oil prices and drilling report for March 7, 2019

Oil and gas prices Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $52.75 Oklahoma Sour: Sunoco...

Business

Gulfport continues to be pressured by hedge fund to return value to its investors

An investor that owns about 8 percent of Gulfport Energy Corp. stock continues to exert pressure on the Oklahoma City-based...

Business

Oklahoma oil prices and drilling report for March 6, 2019

Oil and gas prices Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $53 Oklahoma Sour: Sunoco Inc....

Business

SandRidge's top executive outlines new strategy company intends to follow

SandRidge Energy Inc. is operating under a refined business strategy as it heads into 2019. Paul McKinney, the firm’s recently...

Business

Devon confirms 200 layoffs, more expected

Devon Energy Corp. is cutting loose about 200 of its employees in February and March as it works on plans to either sell or...

Business

Oklahoma oil prices and drilling report for March 5, 2019

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $53.25 Oklahoma Sour: Sunoco Inc. — $41.25...

Business

Encana to roll back active rigs in STACK

Encana will significantly cut the number of rigs it is running in Oklahoma’s STACK play of the Anadarko Basin during the second...

Business

SandRidge posts quarterly, annual results

SandRidge Energy Corp. reported it earned a net income of about $54.2 million, or $1.53 a share, during the fourth quarter of...

Business

Midship announces the start of work on a key natural gas pipeline in Oklahoma

Midship Pipeline Co. announced Friday work is underway on its project. When finished, the 1.44 billion-cubic-feet-per-day...

Business

Oklahoma Business Cover briefs for March 2, 2019

Rig counts fall again in state, U.S. The number of working rigs dropped this week both in Oklahoma and nationally, Baker Hughes...

Business

Oklahoma oil prices and drilling report for March 2, 2019

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $52.25 Oklahoma Sour: Sunoco Inc. — $40.25...

Business

Oklahoma oil prices and drilling report for March 1. 2019

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $53.75 Oklahoma Sour: Sunoco Inc. — $41.75...

Business

Oil, gas operators required to notify regulators on temporary line plans

Oklahoma’s Corporation Commission on Thursday adopted rules that aim to help it keep track of where temporary lines for...

Business

Oil, gasoline prices continue rise

Oil prices continued climbing Thursday, backed in part by global production drops and a dip in U.S. storage levels. The price...

Business

Corporation Commission adopts rule change that will require wind facility operators and developers to pay annual fees

Oklahoma’s Corporation Commission on Thursday adopted updated rules that include a new provision to require wind developers to...

Business

Chesapeake Energy reports 2018 fourth quarter, full year results that feature increasing oil production

Chesapeake Energy Corp. officials highlighted Improved margins, reduced debt and growing percentages of oil in the production...

Business

Gulfport highlights value building efforts as it reports 2018 fourth quarter and full year results

Gulfport Energy Corp. officials on Wednesday highlighted several recent steps the company has taken to improve shareholder...

Business

Oklahoma oil prices and drilling report for Feb. 28, 2019

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $53.25 Oklahoma Sour: Sunoco Inc. — $41.25...

Business

PSO reaches proposed settlement on rate increase request

The Oklahoma Corporation Commission announced Wednesday evening its Public Utility Division and Public Service Co. of Oklahoma...

Business

PSO reaches proposed settlement on rate increase request

The Oklahoma Corporation Commission announced Wednesday evening its Public Utility Division and Public Service Co. of Oklahoma...

Business

Oklahoma oil prices and drilling report for Feb. 27, 2019

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $51.75 Oklahoma Sour: Sunoco Inc. — $39.75...

Business

FBI insider trading probe results in criminal charge in Oklahoma City federal court

The FBI has been conducting an insider trading investigation of the former chairman of Marathon Oil Corp., The Oklahoman has...

Business

House, Senate committees advance several oil and gas measures

Several bills seeking to address issues related to the ongoing development of Oklahoma’s shale fields advanced Tuesday in House...

Business

Oklahoma oil prices and drilling report for Feb. 26, 2019

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $52 Oklahoma Sour: Sunoco Inc. — $40 Oklahoma oil...

Business

ONEOK posts strong earnings as it maintains a growth posture heading into 2019

TULSA — ONEOK already is looking forward to this year after putting together a set of solid fourth-quarter and full-year...

Business

Oklahoma oil prices and drilling report for Feb. 5, 2019

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $53.75 Oklahoma Sour: Sunoco Inc. — $41.75...

Business

Oklahoma oil prices and drilling report for Feb. 22, 2019

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $53.50 Oklahoma Sour: Sunoco Inc. — $41.50...

Business

OGE Energy posts profits slip as operational goals are met

OGE Energy Corp. reported Thursday it accomplished several notable achievements through its utility subsidiary Oklahoma Gas and...

Attorney: First Christian not under contract with any buyer

Business6 days ago

David Box, one of the city’s leading real estate attorneys, is going to fight an effort by Ward 2 City Councilman Ed Shadid to rezone the First Christian Church as a historic landmark by saying such an effort could complicate efforts to sell the...

Exclusively from The Oklahoman

Business

Judge won't sidetrack OG&E rate case

The Sierra Club tried unsuccessfully Thursday to convince an administrative law judge at the Oklahoma Corporation Commission to...

Business

Oil production climbs as budgets are cut

Oil production is set to increase in Oklahoma and throughout the country even as companies cut their drilling budgets. Oil and...

Business

Oklahoma oil prices and drilling report for Feb. 5, 2019

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $53.50 Oklahoma Sour: Sunoco Inc. — $41.50...

Business

ONE Gas reports quarterly, annual results

Colder weather, increased costs associated with refund obligations related to the 2017 Tax Cuts and Jobs Act and increased...

Business

Enable Midstream Partners reports operational and financial results for fourth quarter, year

Enable Midstream Partners gathered and processed record amounts of natural gas and gathered record crude oil and condensate in...

Business

Devon Energy announces asset sales plans

Devon Energy is moving on. The firm announced Tuesday it intends either to sell or spin off its Canadian and Barnett Shale...

Business

Oklahoma oil prices and drilling report for Feb. 20, 2019

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $52.75 Oklahoma Sour: Sunoco Inc. — $40.75...

Business

Continental Resources profits surge to nearly $1 billion in 2018

Continental Resources raked in a profit of nearly $1 billion in 2018, officials said Monday. The company posted net income for...

Business

Oklahoma oil prices and drilling report for Feb. 16, 2019

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $52.00 Oklahoma Sour: Sunoco Inc. — $40.00...

Business

Oklahoma oil prices and drilling report for Feb. 15, 2019

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $51 Oklahoma Sour: Sunoco Inc. — $39 Oklahoma...

Business

Commission seeks line notifications

Oklahoma’s Corporation Commission aims to map out where temporary lines that support ongoing oil and gas operations are getting...

Business

Oklahoma Senate's Energy Committee sends wind-related bills along

Several wind energy-related bills proposed by lawmakers worked their way through the Oklahoma Senate’s Energy Committee on...

Business

Chesapeake partners with technology firm to boost its performance

Chesapeake Energy Corp. announced Thursday it has made a deal with a technology firm to boost its data science and artificial...

Business

Continental announces $2.6B budget for 2019

Continental Resources isn’t slowing down. On Wednesday, company officials said they plan to run an average of 25 drilling rigs...

Business

Oklahoma oil prices and drilling report for Feb. 14, 2019

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $50.50 Oklahoma Sour: Sunoco Inc. — $38.50...

Business

Shareholders sign off on $7.7 billion Encana, Newfield merger

Encana Corp. took its world-class portfolio of assets and made it better Tuesday by adding some of Oklahoma’s best. Its...

Business

Oklahoma oil prices and drilling report for Feb. 12, 2019

Oil and Gas prices Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $48.75 Oklahoma Sour: Sunoco...

Business

Oklahoma oil prices and drilling report for Feb. 9, 2019

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $49.25 Oklahoma Sour: Sunoco Inc. — $37.25...

Business

Briefcase

State rig count falls Oklahoma rig count falls by two The number of working rigs dropped by two over the week in Oklahoma while...

Business

Oklahoma City University announces it will move its energy master's degree programs online

Oklahoma City University’s Meinders School of Business is broadening its hunt for new students to fill slots in its energy...

Business

Oklahoma oil prices and drilling report for Feb. 5, 2019

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $49.25 Oklahoma Sour: Sunoco Inc. — $37.25...

Business

Panhandle Oil and Gas reports its first-quarter results for 2019

Panhandle Oil and Gas earned a net income of $12.7 million during the first quarter of its fiscal year for 2019, the company...

Business

Oklahoma oil prices and drilling report for Feb. 5, 2019

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $50.50 Oklahoma Sour: Sunoco Inc. — $38.50...

Business

Oklahoma oil prices and drilling report for Feb. 6, 2019

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $50 Oklahoma Sour: Sunoco Inc. — $38 Oklahoma oil...

Business

Jury convicts man of cheating Chesapeake Energy out of $4.3 million

The former president of a now-defunct well servicing company was found guilty Tuesday of cheating Chesapeake Energy out of more...

Business

Enable Midstream signs 20-year supply agreement with export terminal operator

Enable Midstream Partners’ plans to build a pipeline from northern Louisiana to Texas’ Gulf Coast were made golden Tuesday....

Business

WPX trims 2019 spending plan

TULSA — WPX Energy announced Monday it has cut its capital expenditure plans for 2019 by more than $350 million. Officials with...

Business

Studies continue to evaluate Oklahoma's seismic events

The top seismologist in Oklahoma welcomes recent research that looks at how injection rates might shake Oklahoma's seismic...

Health

What to expect from lawmakers during the 2019 session

Legislators have four months to pass a budget and address key issues, and committee chairman have already narrowed their focus.

Business

Oklahoma oil prices and drilling report for Feb. 2, 2019

Oklahoma oil prices and drilling report for Feb. 2, 2019

Business

Oklahoma business briefs for Feb. 2, 2019

Oklahoma business briefs for Feb. 2, 2019

Business

Oklahoma firms' new hires and promotions

Castleview Wealth Advisors has hired Ted Creegan as a wealth analyst. Creegan has more than 10 years of customer service...

Business

U.S. refinery to expand to handle domestic oil

ExxonMobil officials this week announced plans to expand its Beaumont, Texas, refinery to handle more U.S. crude, marking the...

City council delays vote on First Christian Church designation

Business5 days ago

Representatives of First Christian Church promised Tuesday they have no plans to tear down the architectural landmark and do not have any pending deals with buyers that could lead to demolition in the immediate future. Those promises by church...

Exclusively from The Oklahoman

Business

Oklahoma oil prices and drilling report for Feb. 1, 2019

Oklahoma oil prices and drilling report for Feb. 1, 2019

Business

Chesapeake's merger gives it the chance to begin showing shareholders some love.

Chesapeake Energy and WildHorse Resource Development Corp. shareholders voted Thursday to approve a $4 billion merger that puts...

Business

Oklahoma oil prices and drilling report for Jan. 31, 2019

Oklahoma oil prices and drilling report for Jan. 31, 2019

Business

Oklahoma has a lot of renewable energy still being developed, this update shows.

Oklahoma added plenty of wind power to its generation portfolio in 2018. However, it lost its second-place spot on the list of...

Business

Oklahoma wind energizes Atlanta's Super Bowl week

Renewable energy benefits Oklahoma wind

Business

Continental Resources' precision continues to boost its SpringBoard results.

Continental Resources provided analysts Tuesday with an update on its SpringBoard development efforts. The company said...

Business

Oklahoma oil prices and drilling report for Jan. 30, 2019

Oklahoma oil prices and drilling report for Jan. 30, 2019

Business

Chaparral has busily been working to grow its human assets along with its oil holdings.

Chaparral Energy announced Tuesday its added a third executive to a management team it has been growing along with its assets...

Business

SandRidge looked to a Houston-based firm to find its next president and CEO

SandRidge Energy announced it has hired a seasoned industry veteran to be its new president and CEO. Paul D. McKinney takes...

Business

Oklahoma oil prices and drilling report for Jan. 29, 2019

Oklahoma oil prices and drilling report for Jan. 29, 2019

Around The Web

Scientists make huge step towards making phones without batteries

Scientists have made a huge breakthrough that allows them to convert radio signals into power. The discovery could allow for...

Business

Whether you love E10 or hate it, you still have a choice at many metropolitan area stations.

In most parts of the nation, ethanol-blended fuels are the only option motorists have to use when they go to fill their tanks....

Business

Oklahoma business briefs for Jan. 26, 2019

Oklahoma business briefs for Jan. 26, 2019

Business

Oklahoma oil prices and drilling report for Jan. 26, 2019

Oklahoma oil prices and drilling report for Jan. 26, 2019

Business

This larger power consumer will have to use cooperative-supplied energy for part of its operation, corporation commissioners have ruled.

Two of Oklahoma's Corporation Commissioners signed an order on Thursday that settles a dispute between an electric cooperative...

Business

Oklahoma oil prices and drilling report for Jan. 25, 2019

Oklahoma oil prices and drilling report for Jan. 25, 2019

Business

Natural gas futures prices are about as chilly as the weather after this week's price drops.

Natural gas' futures prices tumbled this week, and that caught one analyst by surprise. Near-term weather forecasts likely will...

Business

Oil drilling slows on falling prices

The number of rigs drilling for oil and natural gas tumbled last week both in Oklahoma and nationwide. We'll find out soon...

Business

Oklahoma business briefs for Jan. 25, 2019

Oklahoma business briefs for Jan. 25, 2019

Business

Oklahoma oil prices and drilling report for Jan. 24, 2019

Oklahoma oil prices and drilling report for Jan. 24, 2019

Business

A senator is seeking to add two corporation commissioners to help regulate Oklahoma's industries.

The chairman of the Oklahoma Senate Energy Committee has drafted a resolution that, if approved, would call a statewide...

Business

Oklahoma oil prices and drilling report for Jan. 23, 2019

Oklahoma oil prices and drilling report for Jan. 23, 2019

Business

Is this a rig reduction a slowdown, a hard stop or just a respite before rebounding?

Oklahoma's rig count is down for a second straight week. The state had 14 fewer rigs active on Friday, compared to just two...

Business

Oklahoma oil prices and drilling report for Jan. 19, 2019

Oklahoma oil prices and drilling report for Jan. 19, 2019

Business

Devon creates a 'well' to generate good ideas.

Devon has created a different kind of well for its employees to use, intending for it to become a source of innovative ways to...

Business

Oklahoma oil prices and drilling report for Jan. 18, 2019

Oklahoma oil prices and drilling report for Jan. 18, 2019

Business

Freshman lawmakers were reminded of what makes rural Oklahoma go at an event held for them at the Capitol.

Organizations involving Oklahoma's agricultural and energy industries strive hard to represent their constituents. This week,...

Business

Oklahoma business briefs for Jan. 18, 2019

Oklahoma business briefs for Jan. 18, 2019

Around The Web

Four Audi employees indicted in Detroit in expanded Dieselgate case

For Volkswagen, Dieselgate just won't end. On Thursday, four employees of the VW-owned Audi brand were indicted by a...

Business

Gulfport has made its response to an investor's call for it to buy back shares and take other steps to improve the company's value.

Gulfport Energy announced Thursday afternoon it has completed one stock buyback program and plans another, plus issued 2018...

Dueling developments proposed

Business10 hours ago

A prominent triangular-shaped block that previously was envisioned for a new Greater Oklahoma Chamber headquarters and then a 17-story residential tower is once again being bid on by two competing developers pitching very different visions. The...

Exclusively from The Oklahoman

Demolition set on former OGE data center

Business4 days ago

The former OGE Energy data center downtown is set to be razed within weeks with construction to start this summer on an 1,100-space parking garage that will be wrapped with an eight-story mix of housing and retail. The Oklahoma City Urban...

Exclusively from The Oklahoman

Senior centers' success has board in a quandary

BusinessDec 24, 2018

The surprising success of Oklahoma City's new senior centers has the voluntary MAPS 3 Citizens Advisory Board grappling with the question of how many centers to build, and where. "I think it's a mistake" not to build all the centers promised to...

Exclusively from The Oklahoman

Founders keepers: Buyers take bargains at condo auction in Oklahoma City

Business4 days ago

Founders Tower's clearance sale wasn't: All condos did not go. At auction Tuesday night and Wednesday in the former Queen Ann Cafeteria, attached to the tower, were 29 luxury residential condos, some unoccupied, some under lease, 64 in all;...

Exclusively from The Oklahoman

UK company opens OKC office to support Pegasus tanker

Business3 days ago

Cobham plc will open an Oklahoma City office to support components it makes for the U.S. Air Force's newly acquired KC-46A Pegasus. The United Kingdom-based defense contractor provides key refueling components for the tanker aircraft, which was...

Exclusively from The Oklahoman

Local Asian dining choices worth a tour

Business5 days ago

Firecracker debris had barely cleared from last month’s Lunar New Year celebrations when I engaged in a belated celebration of local Asian fare last week. But first, I had to grapple with the horrifying news that Tsubaki Szechuan, 1117 NW 25,...

Exclusively from The Oklahoman

OSU football: Defensive focus turns to more experienced secondary in Jim Knowles' second season

Sports1 day ago

STILLWATER — Malcolm Rodriguez has always acted like a veteran, even when he was a true freshman, pulling his redshirt to help with special teams. Now, the junior-to-be safety is among the leaders in Oklahoma State’s defensive backfield as the...

Exclusively from The Oklahoman