• Oklahoma business briefs, Oct. 25

    Published: Sat, Oct 25, 2014

    Oklahoma business briefs, Oct. 25

  • SandRidge to spin off wastewater business

    By Jay F. Marks, Business Writer | Published: Fri, Oct 24, 2014

    SandRidge Energy Inc. is poised to spin off its wastewater disposal business as a master limited partnership called MidCon Midstream LP.

  • Relative energy costs trend downward

    By Adam Wilmoth, Energy Editor | Updated: Fri, Oct 24, 2014

    Energy costs as a share of consumer spending are up over the past decade, but are still lower than before 1990.

  • SandRidge to spin off wastewater business

    Jay F. Marks | Published: Fri, Oct 24, 2014

    A SandRidge Energy Inc. subsidiary on Friday filed a registration statement for an initial public offering of common units. MidCon Midstream LP is a limited partnership formed by SandRidge to own, operate and develop assets used to dispose of saltwater produced alongside oil and natural gas. The firm’s initial assets are expected to include well […]

  • Oil and gas prices for Oct. 24

    Published: Fri, Oct 24, 2014

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $78.50 Oklahoma Sour: Sunoco Inc. — $66.50 Oklahoma oil and gas drilling activity posted Oct. 7: COMPLETION Okfuskee: J & J Production Co.; Garrison No. 2-9A Well; SW1/4 NE1/4 NE1/4 SE1/4 of 02-10N-09E; 150,000 cu-ft gas per day; TD 3,901. Pottawatomie: Titan Oil & Gas Corp.; Simpson No. 17-1 Well; C SE1/4 NE1/4 SE1/4 of 17-08N-05E; 11.4 barrels oil per day; TD 4,250. Seminole: RKR Exploration Inc.; Luann No. 3 Well; C NW1/4 NE1/4 NE1/4 of 13-08N-05E; Service Well TD 4,765. Texas: Merit Energy Co.; Stonebraker (A #152)MCU No. 107W Well; SW1/4 NE1/4 NW1/4 SE1/4 of

  • Oklahoma driller Continental Resources is pleased with oil yield from latest Grady County wells

    By Jay F. Marks, Business Writer | Updated: Thu, Oct 23, 2014

    Continental Resources Inc. has announced the results of its four latest wells in its new Springer Shale play.

  • Oklahoma energy briefs for Oct. 24, 2014

    Published: Thu, Oct 23, 2014

    Oklahoma energy briefs for Oct. 24, 2014

  • Oklahoma oil production set to pass Alaska, California

    By Adam Wilmoth, Energy Editor | Published: Thu, Oct 23, 2014

    Oklahoma is set to surpass Alaska as the country’s fourth-largest oil producer early next year, according to projections by the U.S. Energy Information Administration and Oklahoma City-based Continental Resources Inc.

  • Del City station is cleared to sell gas again

    By Jay F. Marks, Business Writer | Updated: Thu, Oct 23, 2014

    Oklahoma regulators have allowed a Del City convenience store to sell gasoline once again after repeated complaints of defrauding consumers.

  • Boone Pickens tells oil companies to stop drilling

    Published: Thu, Oct 23, 2014

    Billionaire oilman T. Boone Pickens has seen plummeting oil prices before and says he knows what the problem is. Energy companies are pumping too much oil and none of them wants to be the first to stop, Mr. Pickens said Wednesday in an interview with The Wall Street Journal.

  • Saudi Arabia’s Crude Oil Supply Said to Fall in September

    Published: Thu, Oct 23, 2014

    The amount of oil Saudi Arabia supplied to markets fell last month, according to a person familiar with the country’s oil policy. Its production climbed. The world’s biggest crude exporter supplied 9.36 million barrels a day last month, a reduction of 328,000 barrels daily from August, according to the person, who asked not to be identified, citing policy. The supply figure excludes what’s stored. Saudi Arabia produced about 100,000 barrels a day more than in August, the person said.

  • Oil and gas, livestock prices for Oct. 23

    Published: Thu, Oct 23, 2014

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $77 Oklahoma Sour: Sunoco Inc. — $65 Oklahoma oil and gas drilling activity posted Oct. 6: COMPLETION Custer: Sanguine Gas Exploration, LLC; The Inn No. 1-23H Well; NE1/4 NE1/4 NW1/4 NE1/4 (BHL) of 23-15N-18W; 42 barrels oil per day; TD 13,970. Grady: EOG Resources Inc.; Dekinder No. 4-1H Well; SW1/4 SE1/4 SE1/4 SE1/4 (SL) of 04-05N-08W; 432 barrels oil per day, 712,000 cu-ft gas per day; TD 16,202. Kingfisher: Blake Production Co., Inc.; Hennessey Unit No. 1-2H OS Well; SW1/4 NW1/4 SW1/4 NE1/4 (SL) of 02-18N-07W; 34 barrels oil per day; TD 12,045. Love: XTO Energy Inc.;

  • Oklahoma business briefs for Oct. 23, 2014

    Published: Wed, Oct 22, 2014

    Oklahoma business briefs for Oct. 23, 2014

  • Love's to add to growing CNG network along Interstate 40

    By Jay F. Marks, Business Writer | Updated: Wed, Oct 22, 2014

    Love’s Travel Stops will add fast-fill compressed natural gas fueling at a location in eastern Arkansas as part of a planned network along Interstate 40 that will span more than 1,350 miles.

  • Nelson Bunker Hunt, second son of legendary wildcatter H.L. Hunt, dies

    Published: Wed, Oct 22, 2014

    Nelson Bunker Hunt, the wildcatter who surpassed the legacy of his father, H.L. Hunt, died Tuesday of congestive heart failure at a Dallas assisted living center, the Dallas Morning News reports. He was 88. Hunt outdid his father in creating and losing fortunes through titanic plays in oil, silver, soybeans, sugar beets, cattle and thoroughbred horses, his passion. “He was very smart, and he was willing to take a risk, because he could see the prospects of what it might make,” said his sister Caroline Rose Hunt. “I was fortunate enough to be invited by him to the Kentucky Derby and other big races. That was his love, horses.” A gambler and unabashed capitalist, Hunt lived for the big deal, plowing his oil profits into an array of ventures ranging from ancient Greek coins to the Shakey’s Pizza chain. And there was the Bronco Bowl bowling and entertainment complex in Dallas.

  • Oklahoma drilling reports, livestock, Oct. 22

    Published: Wed, Oct 22, 2014

    Oklahoma drilling reports, livestock, Oct. 22

  • Oklahoma business briefs, Oct. 22, 2014

    Published: Tue, Oct 21, 2014

    Oklahoma business briefs, Oct. 22, 2014

  • Private sector meteorology sees boost from energy companies

    Published: Tue, Oct 21, 2014

    When it comes to guessing the weather, energy companies are throwing less caution to the wind. Analysts and experts say energy companies are increasingly seeking out private firms to provide weather prediction models to inform their decision-making, the Pittsburgh Post-Gazette reports. The nation’s energy companies are among the major companies for the private sector meteorology industry, which could grow to $1.8 billion by 2020, according to a recent report from Dallas market research firm Markets and Markets. “Weather has become now the primary driver for commodity prices in energy,” said Paul Corby, senior vice president of energy for Planalytics, a Berwyn, Pa.-based firm in its third decade of providing “business weather intelligence” tailored to clients’ market needs and the commodities they sell. “It has an impact on

  • Oil CEO Dies in a Moscow Plane Crash

    Published: Tue, Oct 21, 2014

    The CEO of one the world's largest oil companies died in Moscow on Monday when his plane "collided with a snow-clearing machine," according to a spokesperson for Vnukovo Airport, NBC News reports. Christophe de Margerie, whose extravagant facial hair earned him the nickname "Big Mustache," according to Bloomberg News, spent seven years in charge of Total S.A., one of the world's six so-called super-major oil companies. He was 63. "I can confirm that the passenger was Total's head de Margerie,'' Elena Krylova, the airport spokesperson, told Reuters.

  • Oil and gas, livestock prices for Oct. 21

    Published: Tue, Oct 21, 2014

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $79.25 Oklahoma Sour: Sunoco Inc. — $67.25 Oklahoma oil and gas drilling activity posted Oct. 2: COMPLETION Beckham: Chesapeake Operating, LLC; Voleta 4-10-26 No. 1H Well; NW1/4 NE1/4 NE1/4 NE1/4 (SL) of 04-10N-26W; 292 barrels oil per day, 5,252,000 cu-ft gas per day; TD 17,293. Kingfisher: Hinkle Oil & Gas Inc.; Lincoln North Unit No. 16-2H Well; N1/2 N1/2 N1/2 NW1/4 (BHL) of 29-18N-05W; 284 barrels oil per day, 201,000 cu-ft gas per day; TD 12,142. McClain: Ruffel Lance Oil & Gas, LLC; Harrison A No. 3-36 Well; S1/2 N1/2 NW1/4 SW1/4 of 36-05N-04W; 382 barrels oil per