Oklahoma Energy News - Oil & Gas

Business

Consumers set to benefit in Panhandle and surrounding area thanks to power grid upgrades

Upgrades to the electrical grid in Oklahoma’s Panhandle are paying off for customers of an electric cooperative in the area.,...

Business

Oklahoma Natural Gas launches website to promote cooking with natural gas

An online site created by Oklahoma Natural Gas might give you some new ideas for your next family dinner. The company actually...

Business

Oklahoma oil prices and drilling report for July 11, 2020

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $37.00 Oklahoma Sour: Sunoco Inc. — $25.00...

Business

Input sought for state energy assistance program

The Oklahoma Department of Human Services is seeking public comment about the federally funded Low Income Home Energy...

Business

Oklahoma oil prices and drilling report for July 10, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $36.25 Oklahoma Sour: Sunoco Inc. — $24.25...

Business

Proposed fee change could alter your phone bill

Ever looked at the fine print of the bill you pay for mobile or home phone services? Depending on your provider, you might see...

Business

Oklahoma oil prices and drilling report for July 9, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $37.75 Oklahoma Sour: Sunoco Inc. — $25.75...

Business

Public Service Co. of Oklahoma’s wind plan takes flight despite Texas’ rejection

American Electric Power isn’t trimming its sails on its plan to buy three under-construction wind farms covering north-Central...

Business

SandRidge names CFO, NGL Energy Partners gets contract

SandRidge CFO named SandRidge Energy appointed Salah Gamoudi as its new chief financial officer and chief accounting officer,...

Business

Oklahoma oil prices and drilling report for July 8, 2020

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $37.25 Oklahoma Sour: Sunoco Inc. — $25.25...

Business

Oklahoma oil prices and drilling report for July 7, 2020

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $37.00 Oklahoma Sour: Sunoco Inc. — $25.00...

Business

Public Service Co. of Oklahoma and the U.S. Army work to boost Fort Sill's power capabilities

LAWTON — Resiliency is part of readiness for the U.S. Army. In June, both it and Public Service Co. of Oklahoma announced plans...

Business

Oklahoma oil prices and drilling report for July 3, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $37 Oklahoma Sour: Sunoco Inc. — $25 Oklahoma...

Business

SandRidge adopts poison pill

SandRidge Energy announced Wednesday evening its board of directors adopted a tax benefits preservation plan commonly referred...

Business

Oklahoma oil prices and drilling report for July 2, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $36.25 Oklahoma Sour: Sunoco Inc. — $24.25...

Business

OU Energy Institute plans webcast discuss energy industry changes

Energy webcast set Threats and opportunities in the energy industry will be the topic of the next University of Oklahoma Energy...

Business

Harold Hamm owns nearly 80% of Continental Resources shares after most recent purchases

Continental Resources’ Harold Hamm is buying more company stock. Hamm is acquiring an additional 4.7 million Continental...

Business

Chesapeake Energy obtains approval of 'first-day' motions that will keep the company operating, officials say

'First-day' relief aids Chesapeake with debt Chesapeake Energy announced late Monday the U.S. Bankruptcy Court for the Southern...

Business

Oklahoma oil prices and drilling report for July 1, 2020

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $35.75 Oklahoma Sour: Sunoco Inc. — $23.75...

Business
Video

Hiett bests challenger in Corporation Commission primary

Incumbent Oklahoma Corporation Commissioner Todd Hiett on Tuesday cleared a primary challenge to set him up to face a...

By land and air, weather researchers track tornadic storms

NewsMay 16, 2019

SALINA, Kan. — For the first time in almost a decade, meteorologists from across the Midwest will track and intercept tornado birthing grounds as part of a large-scale collaborative research project. The TORUS Project, or Targeted Observation...

Exclusively from The Oklahoman

Business

Oklahoma oil prices and drilling report for June 30, 2020

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $36.25 Oklahoma Sour: Sunoco Inc. — $24.25...

Business

Sable Permian Resources, once part of American Energy Partners, seeks Chapter 11 protection

A company that originally was part of the late Aubrey McClendon’s American Energy Partners on Thursday sought Chapter 11...

Business

Lawler to employees: Chesapeake's bankruptcy 'best path forward'

Chesapeake CEO Doug Lawler reassured the company’s 1,900 employees Sunday that both they and the company have a future after it...

Business

New York Stock Exchange starts process to delist Chesapeake's stock after bankruptcy filing

Financial news outlets reported Monday morning the New York Stock Exchange suspended trading on and started delisting...

Business

OKC's Chesapeake Energy files for Chapter 11 to reorganize, reset

Chesapeake Energy Corp. aims to whittle down a substantial amount of crippling debt through a voluntary Chapter 11 process. The...

Business

Chesapeake Energy Corp. seeks bankruptcy protection

Chesapeake Energy Corp., the Oklahoma City-based pioneer in horizontal drilling and completion techniques, has filed for...

Business

CBRE announces sale of Halliburton field camp in El Reno to local investor

EL RENO — Halliburton’s field camp facility has sold to an undisclosed local investor, CBRE announced Friday. The 86-acre...

Business

Oklahoma oil prices and drilling report for June 27, 2020

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $35.00 Oklahoma Sour: Sunoco Inc. — $23.00...

Business

Companies announce alliance geared toward helping distressed operators

Oklahoma’s Twisted Oak Operating and Houston’s Signa Engineering Corp. have announced a strategic alliance that officials said...

Business

Oklahoma oil prices and drilling report for June 26, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $35.25 Oklahoma Sour: Sunoco Inc. — $23.25...

Business

Vendor offers mineral rights owners new software to manage assets

Minerals platform offered Royalty Advocate has launched a new online platform that’s subscription based and geared toward...

Business

Oklahoma oil prices and drilling report for June 25, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $34.50 Oklahoma Sour: Sunoco Inc. — $22.50...

Business

OG&E to resume disconnects for customers who don't pay their bills

Oklahoma Gas and Electric is about to resume its policy to disconnect customers who don’t pay their bills, it announced...

Business

Coronavirus in Oklahoma: Retail foot traffic rebounds, but case spike could reverse trend

Oklahomans haven’t been shy about returning to retail establishments. Data released Wednesday by the Oklahoma City branch of...

Business

Another STACK operator files for bankruptcy after difficulties

TULSA — Privately owned Chisholm Oil and Gas Operating is seeking Chapter 11 bankruptcy protection as it aims to shed $517...

Business

State denies request to limit oil production

The three-member Oklahoma Corporation Commission on Wednesday denied a request to limit the amount of oil that can be produced...

Business

Oklahoma oil prices and drilling report for June 24, 2020

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $36.75 Oklahoma Sour: Sunoco Inc. — $24.75...

Business

Laredo Petroleum reports staff cut because of lower commodity prices

TULSA Laredo cuts staff Laredo Petroleum has announced it has reduced its staff by 22 employees because of lower oil prices...

Business

Mid-Con Energy Partners reports earnings of about $2.8 million

TULSA — Mid-Con Energy Partners earned a first-quarter 2020 net income of about $2.8 million, it recently reported. The...

Business

National, statewide organizations seek stimulus to aid the energy industry

Editor's note: This story has been clarified to explain how Oklahoma administers and pays for its well plugging program....

Business

Chesapeake modifies debt agreement as it defaults on owed payments

CHK skips payments due to investors Chesapeake Energy Corp. announced it has chosen to not make interest payments of about...

Business
Video

Devon Energy contractors rig up crane to repair tower windows

Devon Energy Corp. continues to make progress on repairing damage caused just more than a year ago by an out-of-control basket...

Business

Oklahoma oil prices and drilling report for June 23, 2020

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $36.75 Oklahoma Sour: Sunoco Inc. — $34.75...

Business

Oklahoma oil prices and drilling report for June 20, 2020

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $36.25 Oklahoma Sour: Sunoco Inc. — $24.25...

Business

Oklahoma oil prices and drilling report for June 19, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $35.50 Oklahoma Sour: Sunoco Inc. — $23.50...

Business

Oklahoma oil prices and drilling report for June 18, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $34.50 Oklahoma Sour: Sunoco Inc. — $22.50...

Business

Oklahoma oil prices and drilling report for June 16, 2020

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $33.50 Oklahoma Sour: Sunoco Inc. — $21.50...

Health

Coronavirus in Oklahoma: Leniency shown tax cheat

A compulsive gambler who cheated on his taxes was sentenced to home confinement because of the pandemic. Mickey Alvin Young, a...

Business

SandRidge Commons' sale sends clear signal of change

Energy markets ebb and flow. Businesses that power the industry come and go. And every once in a while, an absolute truth...

Business

Oklahoma's rig count slips by one, Baker Hughes reports

OK rig count now 10 The number of rigs drilling in Oklahoma fell by one to 10 this week, while rigs drilling across the nation...

Business

Oklahoma oil prices and drilling report for June 13, 2020

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $32.75 Oklahoma Sour: Sunoco Inc. — $20.75...

Business

ONEOK offers investors chance to acquire shares

TULSA ONEOK's share offer seeks to raise $1B ONEOK announced Thursday it is offering investors 26 million shares and...

Business

Oklahoma oil prices and drilling report for June 12, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $32.75 Oklahoma Sour: Sunoco Inc. — $20.75...

Business

One company's plans to harvest 'rare earth materials' earned it 2020's 'most promising new business' award by the Oklahoma Venture Forum

Oil and gas aren’t the only valuable commodity wells can recover. Rare earth materials are often found suspended in saltwater...

Business

Oklahoma oil prices and drilling report for June 11, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $36 Oklahoma Sour: Sunoco Inc. — $24 Oklahoma...

Business

Williams plans solar deployments to improve its environmental profile, cut costs

TULSA — Williams is adopting a sunny disposition. The company announced earlier this month it intends to develop multiple solar...

Business

Mammoth Energy Services obtains internal report that states its selection to repair Puerto Rico's electrical grid was 'reasonable'

Investors cheered Tuesday after Mammoth Energy Services released a detailed, third-party evaluation of its work in Puerto Rico...

Business

Oklahoma oil prices and drilling report for June 10, 2020

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $35.50 Oklahoma Sour: Sunoco Inc. — $23.50...

Business

New York Stock Exchange halts, restarts trading on Chesapeake shares

The New York Stock Exchange halted trading of Chesapeake Energy Corp. stock on Tuesday morning, before allowing trading on its...

Business

Enverus rolls out software to support oil, gas operators

Hard work begins for oil and gas developers long before a rig spuds a well. Any proposed project must include a spacing unit...

Business

Oklahoma oil prices and drilling report for June 9, 2020

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $34.75 Oklahoma Sour: Sunoco Inc. — $22.75...

Business

Rig count declines in Oklahoma, nation, Baker Hughes reports

OK rig count now 11 The number of rigs drilling in Oklahoma fell by one to 11 this week, while rigs drilling across the nation...

Business

GPA Midstream, GPSA installs boards, elect officers

TULSA — The GPA Midstream Association and affiliated midstream suppliers association GPSA have installed new officers and board...

Business

Oklahoma oil prices and drilling report for June 6, 2020

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $36 Oklahoma Sour: Sunoco Inc. — $24 Oklahoma oil...

Business

Mid-Con Energy reorganization claims top executive, board members as the company prepares for the future

TULSA — The top executive and board members at Mid-Con Energy Partners are out after a restructuring of the company’s...

Business

Oklahoma oil prices and drilling report for June 5, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $34 Oklahoma Sour: Sunoco Inc. — $22 Oklahoma...

Business

Shareholders show support of Devon Energy's 2019 incentive pay program for top executives

Unofficial results from Devon Energy’s annual meeting this week show 61% of votes cast by shareholders supported a non-binding...

Business

A divided Corporation Commission keeps order allowing voluntary well closures to prevent crude oil waste

A majority of elected members of the Oklahoma Corporation Commission decided Wednesday to continue allowing operators to...

Business

Public Service Co. of Oklahoma announces major donation from affiliated foundation to support Oklahoma's agriculture students

TULSA — The American Electric Power Foundation is providing a $200,000 grant to fund Oklahoma FFA Association STEM (Science,...

Business

Oklahoma oil prices and drilling report for June 4, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $33.75 Oklahoma Sour: Sunoco Inc. — $21.75...

Business
Video

Energy notes: Chesapeake's CEO urges employees to help heal America's racial divisions

Chesapeake’s CEO urges team to lead Chesapeake Energy’s CEO reached out to the company’s nearly 1,900 employees Wednesday via...

Business

Oklahoma oil prices and drilling report for June 3, 2020

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $33.25 Oklahoma Sour: Sunoco Inc. — $21.25...

Business

Templar Energy seeks Chapter 11 bankruptcy

Oklahoma City-based Templar Energy — a company started and grown but no longer owned by David Le Norman, chairman of the...

Business

OKC-based Gulfport Energy announces pay cuts, more changes

Gulfport announces pay cuts, furloughs Oklahoma City-based Gulfport Energy announced this week its employees are taking tiered...

Business

NGL Energy Partners posts annual loss of $585.2 million, while Laredo Petroleum completes reverse stock split

TULSA — NGL Energy Partners reported this week it lost $585.2 million during its fiscal year that ended March 31. Meanwhile,...

Business

Oklahoma oil prices and drilling report for June 2, 2020

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $32 Oklahoma Sour: Sunoco Inc. — $20 Oklahoma oil...

Business

Petroleum Alliance of Oklahoma's Brook Simmons is excited about the energy industry's future

Optimism and a stoic ability to plan for the future are key attributes of oil and gas executives. Brook A. Simmons, who became...

Business

Coronavirus in Oklahoma: State natural gas producers benefitting from market changes, local and federal analysts say

Natural gas consumption may be headed lower, but prices aren’t. The main culprit is the demand shock caused by the COVID-19...

Business

Coronavirus in Oklahoma: SandRidge announces another layoff, Oklahoma Gas and Electric cuts bills for Oklahoma customers and Oklahoma's rig count remains...

SandRidge announces layoffs SandRidge is cutting its headquarters staff again, it notified state officials Friday. In a...

Business

Oklahoma oil prices and drilling report for May 30, 2020

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $32.00 Oklahoma Sour: Sunoco Inc. — $20.00...

Business

One down, one to go: Mammoth Energy Services clears a hurdle to stay listed on Nasdaq

One Oklahoma energy company has managed to stay on a major stock exchange without having to undertake a reverse stock split....

Business

Unit Corp. files for bankruptcy as energy firms continue to battle unprecedented conditions

The energy pricing shock caused by an economic shutdown because of the COVID-19 pandemic is sending energy companies — both big...

Business

Laredo Petroleum announces new board chairman as part of long-term transition plan

TULSA Laredo appoints chairman Laredo Petroleum, Inc. recently announced it has appointed independent board member William...

Business

Oklahoma oil prices and drilling report for May 29, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $30.25 Oklahoma Sour: Sunoco Inc. — $18.25...

Business

Oklahoma oil prices and drilling report for May 28, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $29.25 Oklahoma Sour: Sunoco Inc. — $17.25...

Business

On executive pay questions, Devon fights back

A proxy advisor recommends Devon Energy shareholders vote against a non-binding question at this year’s annual meeting that...

Business

Shining Cities 2020 shows Oklahoma City solar deployment grew in 2019

Count Oklahoma City as a “solar builder.” Shining Cities 2020, an annual report released by Environment America and the...

Business
Video

Coronavirus in Oklahoma: Gasoline prices push higher as demand begins to return, AAA reports

Gas prices for drivers across Oklahoma and the nation climbed over the past week. Nationally, the average cost of a gallon of...

Business

Oklahoma oil prices and drilling report for May 27, 2020

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $30.75 Oklahoma Sour: Sunoco Inc. — $18.75...

Business

The crude oil crash, not COVID-19, is making the Oklahoma City office market sick

Neither face masks nor social distancing can "flatten the curve" of rising vacancies in Oklahoma City's office market, which...

Business

Oklahoma oil prices and drilling report for May 23, 2020

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $29.75 Oklahoma Sour: Sunoco Inc. — $17.75...

Business

Not to be crude, but Oklahoma City and Houston, we have a problem

CoStar Group found gloom in Oklahoma City and doom in Houston when it looked at the effect of collapsed crude oil prices on the...

Business

Oklahoma oil prices and drilling report for May 22, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $30.75 Oklahoma Sour: Sunoco Inc. — $18.75...

Business

Devon's annual shareholder meeting will be held online

Devon Energy changed the time and format for its annual stockholder meeting this year. Because of continued concerns about the...

Business

Oklahoma oil prices and drilling report for May 21, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $30.25 Oklahoma Sour: Sunoco Inc. — $18.25...

Business

Oklahoma oil prices and drilling report for May 20, 2020

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $29.25 Oklahoma Sour: Sunoco Inc. — $17.25...

Business

SandRidge Energy tower to sell for $35.5 million

Mark Beffort, whose property group owns several of downtown's largest office properties, is set to buy the SandRidge Energy...

Business

Oklahoma oil prices and drilling report for May 19, 2020

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $28.50 Oklahoma Sour: Sunoco Inc. — $16.50...

Business

Mammoth Energy Services loses board member after reporting disagreement

Mammoth Energy Services announced this week that it and a board member have parted ways over a disagreement about whether the...

Business

Rig counts continue to fall, Baker Hughes reports

Rig counts fall Operators continue to slash the number of drilling rigs they are using to search for oil and natural gas. Baker...

Business

Oklahoma oil prices and drilling report for May 16, 2020

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $25.75 Oklahoma Sour: Sunoco Inc. — $13.75...

Business

Coronavirus in Oklahoma: State cooperatives see surging delinquencies as disconnect moratorium continues

The economic collapse caused by the coronavirus pandemic isn't just impacting urban residents, it's also is devastating...

Business

Coronavirus in Oklahoma: Energy chemicals supplier pivots operation to meet sanitizer demand

Big problems aren’t insurmountable. One Oklahoma City-based oil-field chemicals supplier on the verge of shutting its doors...

Business

Oklahoma oil prices and drilling report for May 15, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $23.75 Oklahoma Sour: Sunoco Inc. — $11.75...

Business
Video

Coronavirus in Oklahoma: Continental Resources’ Harold Hamm applauds CFTC advisory that warns oil market players to behave

Continental Resources’ executive chairman is applauding a regulatory advisory issued this week encouraging players in the...

Business

Coronavirus in Oklahoma: Mid-Con Energy Partners announces first quarter results delay

TULSA Mid-Con delays report Mid-Con Energy Partners announced Tuesday it won’t file a first-quarter 2020 earnings report...

Business

Setting it Straight

A story on page B5 on May 13 about Ascent Resources Utica Holdings should have reported the company revised its capital budget...

Business

Oklahoma oil prices and drilling report for May 14, 2020

Oklahoma oil and gas drilling activity posted April 29: COMPLETION Canadian: Citizen Energy III LLC; Northern Dancer 8-17-10-6...

Business

Ascent Resources Utica Holdings, Chaparral Energy manage to earn first-quarter 2020 net incomes

Two Oklahoma City-based energy companies reported this week they earned first-quarter 2020 net incomes. Ascent Resources Utica...

Business

Oklahoma oil prices and drilling report for May 13, 2020

Oklahoma oil and gas drilling activity posted April 28: COMPLETION Canadian: Ovintiv Mid-Continent Inc.; WM Wallace 1406 No....

Business

Oil waste decisions left to operators, for now

Elected members of the Oklahoma Corporation Commission decided to leave in place an emergency order allowing operators to...

Business

Continental Resources details impact on its bottom line from global demand decline for crude oil

Continental Resources cited a 30% drop in the global demand for oil as a significant factor in a loss it posted for its first...

Business

Mammoth Energy Services posts first-quarter loss, but looks toward the future

Mammoth Energy Services posts first-quarter loss Mammoth Energy Service officials said this week growing business opportunities...

Business

Coronavirus in Oklahoma: SandRidge delays reporting of first-quarter 2020 results

SandRidge delays report SandRidge Energy Corp. has announced it is delaying the filing of its first quarter 2020 operational...