Oklahoma Energy News - Oil & Gas

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What we know, and what we still don't, about the Devon Energy, WPX Energy merger

On Monday, Tulsa-based WPX Energy and Oklahoma City-headquartered Devon Energy announced a plan to merge in an all-stock deal...

Business

Insurance company can’t avoid having to defend an energy company’s involvement in class-action earthquake lawsuit, appeals court rules

An insurance company policy’s boilerplate exclusionary language is the latest victim of salt-water induced earthquakes in...

Business

Oklahoma oil prices and drilling report for Sept. 29, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Monday: Natural Gas — $2.08 per MMBtu Oklahoma crude oil prices as of 5 p.m. Monday:...

Business

No surprises here: Companies offering munchies, technology-based solutions big winners so far during COVID-19 pandemic

These days, many of us are relying on information technology aids to help us do our jobs and asking for food deliveries to cure...

Business

Oklahoma oil prices and drilling report for Sept. 26, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Friday: Natural Gas — $2.12 per MMBtu Oklahoma crude oil prices as of 5 p.m. Friday:...

Business

Oklahoma oil prices and drilling report for Sept. 25, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Thursday: Natural Gas — $2.17 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Oklahoma oil prices and drilling report for Sept. 24, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Wednesday: Natural Gas — $2.18 per MMBtu Oklahoma crude oil prices as of 5 p.m....

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New Oklahoma Geological Survey director to help state investigate and promote the wise use of the state's natural resources

The Oklahoma Geological Survey is best known these days for keeping its finger on the pulse of the state’s shaky ground. But...

Business

Oklahoma oil prices and drilling report for Sept. 22, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Monday: Natural Gas — $1.85 per MMBtu Oklahoma crude oil prices as of 5 p.m. Monday:...

Business

While oil struggles, natural gas demand and production from the Appalachian and Haynesville basins hangs tough

Natural gas plays where two upstream and one midstream Oklahoma City-based companies are active are hanging tough so far this...

Business

6 questions answered about the energy industry's record-setting streak of contraction

State tax revenues continue to get pummeled and the economic effects will be felt across the state as the Oklahoma Energy Index...

Business

Oklahoma oil prices and drilling report for Sept. 19, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Friday: Natural Gas — $2.07 per MMBtu Oklahoma crude oil prices as of 5 p.m. Friday:...

Business

Chesapeake Energy to cut 200 from its workforce Friday, CEO's email states

Chesapeake Energy Corp. plans to lay off 200 tomorrow. Employees were notified of the planned job cuts in an email sent...

Business

Oklahoma oil prices and drilling report for Sept. 17, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Wednesday: Natural Gas — $2.24 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Ponca ambassador calls for tribes to unite and oppose Oklahoma's environmental oversight request

A tribal leader is calling for Oklahoma’s Native Americans to unite as the federal government ponders the future of key...

Business

Oklahoma oil prices and drilling report for Sept. 16, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Tuesday: Natural Gas — $2.36 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Oklahoma oil prices and drilling report for Sept. 15, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Monday: Natural Gas — $2.31 per MMBtu Oklahoma crude oil prices as of 5 p.m. Monday:...

Business

Environmental Protection Agency takes steps to support ethanol industry as election nears

President Donald Trump’s administration is getting "corny." On Monday, the EPA announced it won’t renew controversial...

Business

Oklahoma oil prices and drilling report for Sept. 12, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Friday: Natural Gas — $2.25 per MMBtu Oklahoma crude oil prices as of 5 p.m. Friday:...

Business

SandRidge reacquires well interests in Mississippian Lime trust

Three stocks created nearly a decade ago by SandRidge Energy to raise about $1.6 billion in capital are now being traded...

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

The late Boone Pickens' art collection is expected to fetch millions in auction for charity

Boone Pickens excelled at making money and collecting art. On Oct. 28, interested parties will have a chance to pick up pieces...

Business

Oklahoma oil prices and drilling report for Sept. 10, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Wednesday: Natural Gas — $2.39 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Oklahoma Gas and Electric crews returning to Oklahoma after hurricane help

OG&E crews headed home Oklahoma Gas & Electric line crews assisting with recovery efforts in the aftermath of...

Business

Tulsa businesses get high sustainability marks for 2020

TULSA Companies announce sustainability awards Two companies were recognized by the Sustainable Tulsa Scor3card program this...

Business

SandRidge closes deal to sell landmark tower, but future office location still in question

SandRidge Energy banked about $35.4 million through the sale of its corporate tower and associated annex to the state of...

Business

Oklahoma oil prices and drilling report for Sept. 9, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Tuesday: Natural Gas — $2.38 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Oklahoma oil prices and drilling report for Sept. 5, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Friday: Natural Gas — $2.58 per MMBtu Oklahoma crude oil prices as of 5 p.m. Friday:...

Business

Oklahoma oil prices and drilling report for Sept. 4, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Thursday: Natural Gas — $2.49 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Oklahoma oil prices and drilling report for Sept. 3, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Wednesday: Natural Gas — $2.50 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Devon Energy sheds more employees

Devon Energy confirmed Tuesday it has again reduced its workforce. The energy giant based in Oklahoma City did not disclose how...

Business

Oklahoma oil prices and drilling report for Sept. 2, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Tuesday: Natural Gas — $2.52 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Oklahoma oil prices and drilling report for Sept. 1, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Monday: Natural Gas — $2.63 per MMBtu Oklahoma crude oil prices as of 5 p.m. Friday:...

Business

Panhandle Oil and Gas offers stock to investors as it seeks to acquire mineral rights in Oklahoma, Texas and Louisiana

Panhandle Oil and Gas is issuing 5 million shares of new stock to raise cash it will use to acquire mineral interests in...

Business

Oklahoma oil prices and drilling report for Aug. 29, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Friday: Natural Gas — $2,66 per MMBtu Oklahoma crude oil prices as of 5 p.m. Friday:...

Business

Tulsa tech company sees growth in 2020 serving energy companies despite hard times in the sector

TULSA — W Energy Software, a company that offers energy companies with cloud-based enterprise resource planning services, is...

Business

Ample supply should counter climbing fuel prices after Hurricane Laura, unless consumers intervene

Wholesale gasoline prices climbed slightly before Hurricane Laura roared ashore at the Louisiana-Texas state line Thursday...

Business

Clean Cities Coalition wins awards, Serva Group acquires ValTek

Coalition gets awards The Clean Cities Coalition organized by the Association of Central Oklahoma Governments has received two...

Business

Oklahoma Corporation Commissioners decide electric territorial disputes, leaves natural gas cap on, for now

The Oklahoma Corporation Commission on Wednesday took up two cases of electrical service territorial disputes, taking the side...

Business

Petroleum Alliance president says industry won’t have chaos because of Supreme Court case

A narrow Supreme Court decision in a criminal case that determined Congress never dissolved the Creek reservation inside...

Business

Oklahoma oil prices and drilling report for Aug. 27, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Wednesday: Natural Gas — $2.42 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Oklahoma oil prices and drilling report for Aug. 26, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Tuesday: Natural Gas — $2.48 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Letting off steam: new research through OU could lead to increased energy production, reduced costs

NORMAN — While the U.S. is one of the world’s top geothermal energy resources, the technology remains largely untapped across...

Business

Oklahoma oil prices and drilling report for Aug. 25, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Monday: Natural Gas — $2.52 per MMBtu Oklahoma crude oil prices as of 5 p.m. Monday:...

Business

Three men accused of mineral rights, royalties diversion scam

A federal grand jury meeting in Oklahoma City indicted three men accused of diverting royalty proceeds from real people to...

Business

Oklahoma oil prices and drilling report for Aug. 22, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Friday: Natural Gas — $2.44 per MMBtu Oklahoma crude oil prices as of 5 p.m. Friday:...

Business

Federal judge orders Sunoco Logistics to pay $155 million for owed interest, penalties on late payments for oil purchases

A federal judge ordered Sunoco Logistics to pay interest and punitive damages totaling about $155 million on nearly 1.6 million...

Business

Oklahoma oil prices and drilling report for Aug. 21, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Thursday: Natural Gas — $2.35 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Oklahoma Corporation Commission turns away Lake Region Electric Cooperative's challenge

Cooperative loses territory battle The Oklahoma Corporation Commission issued an order this week that dismissed a case Lake...

Business

OU Energy Institute web chat planned, Laredo Petroleum replaces board member as it strives to boost its technology

Investment talk set Investment banker Steve Trauber of Houston will discuss the availability of capital for energy investments...

Business

Oklahoma oil prices and drilling report for Aug. 20, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Wednesday: Natural Gas — $2.43 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Lower energy costs seen during first half of 2020 providing relief to consumers

Wholesale electrical prices were lower the first half of this year than they were the same time in 2019, and that...

Business

Hamm talks politics, market meddling and other issues at opening session of DUG Midcontinent Wednesday

Presidential politics, market meddling by OPEC+ countries and global investors, and the hoped for future trading of a new grade...

Business

Oklahoma oil prices and drilling report for Aug. 19, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Tuesday: Natural Gas — $2.41 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Mid-Con becomes 'going concern,' filing for second quarter states

TULSA — Mid-Con Energy Partners included “going concern” language in the first quarterly filing it has made after...

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Oklahoma Gas and Electric crews return home

Oklahoma Gas & Electric line crews assisting with restoration efforts in the aftermath of Tropical Storm Isaias and the...

Business

Oklahoma oil prices and drilling report for Aug. 18, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Monday: Natural Gas — $2.34 per MMBtu Oklahoma crude oil prices as of 5 p.m. Monday:...

Business

Oklahoma City's Chaparral Energy seeks bankruptcy after reaching approval with backers

Chaparral Energy is the latest Oklahoma energy company to seek bankruptcy. On Sunday, it sought Chapter 11 protection from a...

Business

Oklahoma oil prices and drilling report for Aug. 15, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Friday: Natural Gas — $2.35 per MMBtu Oklahoma crude oil prices as of 5 p.m. Friday:...

Business

Panhandle Oil & Gas posts net loss for latest quarter after reduced production, prices

Curtailed production and reduced commodity prices kept Panhandle Oil & Gas’s quarterly results in the red, it reported this...

Business

Oklahoma oil prices and drilling report for Aug. 14, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Thursday: Natural Gas — $2.20 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Governor Stitt is named a 'Wind Champion,' Mammoth Energy Services adds independent board member

Stitt named wind champion The American Wind Energy Association and Advanced Power Alliance have recognized Gov. Kevin Stitt for...

Business

Blueknight Energy Partners hires CFO

TULSA Blueknight hires CFO Blueknight Energy Partners announced this week it hired Matthew R. Lewis as its new chief financial...

Business

Presidio Petroleum picks up Templar's assets through bankruptcy auction

Presidio Petroleum strengthened its position in the Anadarko Basin this month when it spent $91 million to acquire the assets...

Business

Ascent Resources Utica Holdings' second quarter earnings hit by commodity values

Decreased commodity values and mark-to-market value changes on hedges pushed Ascent Resources Utica Holdings’ financial results...

Business

Oklahoma oil prices and drilling report for Aug. 13, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Wednesday: Natural Gas — $2.14 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Violations, or not? Commissioners hear arguments on electric service cases

Oklahoma’s electric cooperatives continue to fight against various deals a larger, investor-owned utility made to serve...

Business

U.S., state data illustrate energy industry's pain

Crude oil production in the U.S. fell by about 2 million barrels per day in May, data published by the U.S. Energy Information...

Business

Oklahoma oil prices and drilling report for Aug. 12, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Thursday: Natural Gas — $2.14 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

NGL Energy Partners attributes first quarter loss to energy collapse, customer's bankruptcy

TULSA — COVID-19’s impact on energy markets and a bankruptcy involving one of NGL Energy Partners’ customers pushed the company...

Business

Oklahoma oil prices and drilling report for Aug. 11, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Thursday: Natural Gas — $2.16 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Oklahoma Energy Resources Board provides scholarships to students pursuing petroleum industry-related degrees

An oil- and gas-supported scholarship fund is sending out $205,500 in scholarships to 69 students pursuing petroleum...

Business

OGE Energy adds board member, PSO distributes LEDs

Kissam joins OGE board Luke C. Kissam IV will join OGE Energy’s board of directors on Sept. 1, company officials have...

Business

Shot in the arm: Tech jobs hold much of the post-pandemic future in Oklahoma City, Tulsa

Technological innovation alone can't save Oklahoma City from the economic ravages of the coronavirus, but the growing...

Business

Mid-Con names new leadership team after ownership change

The general partner of Mid-Con Energy Partners has a new CEO, chief accounting officer and chief operating officer. The company...

Business

Oklahoma oil prices and drilling report for Aug. 8, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Thursday: Natural Gas — $2.24 per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

Laredo Petroleum posts net loss of about $545 million for second quarter

Laredo Petroleum took a non-cash impairment of about $406.5 million during the second quarter of 2020 on the way to posting a...

Business

Oklahoma oil prices and drilling report for Aug. 7, 2020

Natural Gas (Henry Hub) as of 4 p.m. EST Thursday: Natural Gas — $2.15 USD per MMBtu Oklahoma crude oil prices as of 5 p.m....

Business

OGE: ‘Excelling through challenging times’

OGE Energy and its electric utility, Oklahoma Gas and Electric Co., innovated their ways through a second quarter that ended...

Business

SandRidge says its ability to continue as a 'going concern' is getting better

SandRidge Energy indicated Wednesday that its prospects to remain a going concern are improving. In an earnings release issued...

Business

Oklahoma oil prices and drilling report for Aug. 6, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $38.50 Oklahoma Sour: Sunoco Inc. — $26.50...

Business

Devon will issue special sale-related dividend, it announced along with second-quarter results

Devon Energy shareholders can expect to see a special dividend later this year. On Tuesday, the company announced it will issue...

Business

Gulfport Energy generates free cash flow as it defers new production to later in the year

Oklahoma City-based Gulfport Energy generated free cash flow of $43.9 million during the second quarter of the year, it...

Business

Enable Midstream Partners sees natural gas growth in second quarter

Enable Midstream Partners continued to grow its natural gas transmission business during the second quarter of the year as well...

Business

C-PACE financing boosts projects’ sustainability, backers say

Many Oklahoma developers are about to gain a new tool for financing construction. It's a time-tested program already used to...

Business

Oklahoma oil prices and drilling report for Aug. 5, 2020

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $38.25 Oklahoma Sour: Sunoco Inc. — $26.25...

Business

Continental Resources posts $239.3 million loss for second quarter

Continental Resources posted a net loss of $239.3 million for the second quarter of 2020, it announced after markets closed...

Business

New coal ash disposal rule targeted by environmentalists

Environmentalists are pledging to challenge a just-announced finalized rule issued by the Trump administration that formalizes...

Business

Oklahoma oil prices and drilling report for Aug. 4, 2020

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $37.50 Oklahoma Sour: Sunoco Inc. — $25.50...

Business

Mammoth Energy Services says infrastructure business 'turned a corner'

Mammoth Energy Services’ infrastructure business “turned a corner” after the release of a critical report during the second...

Business

Oklahoma oil prices and drilling report for Aug. 1, 2020

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