• Colorado House rejects drill-limit penalties

    Updated: Wed, Feb 25, 2015

    DENVER (AP) — Democrats in the Colorado House have rejected a proposal to penalize communities that ban the drilling practice of hydraulic fracturing, or fracking. The vote Wednesday comes as the GOP Senate voted recently in favor of a similar proposal. The votes show that Republicans and Democrats in the Legislature remain far apart when it comes to local communities limiting or banning fracking. Lawmakers from both parties are staking out positions in advance of a Friday report from a task force reviewing Colorado's oil and gas regulations. The task force will recommend that local governments be given a consulting role on some decisions about the location of large oil and gas facilities.

  • Putin threatens Ukraine with gas cutoff

    Updated: Wed, Feb 25, 2015

    MOSCOW (AP) — President Vladimir Putin warned Wednesday that Russia will cut gas supplies to Ukraine if it fails to pay in advance for future deliveries. Putin said that Ukraine's latest payment would be good only for another three to four days, warning that Russia will have to turn off the tap if Ukraine doesn't remit payment quickly. He did not announce a deadline, but warned that a cutoff may disrupt supplies to Europe. Russian and Ukrainian gas officials may meet in Brussels later this week to discuss the situation. Following a bruising dispute over prices and debt that raised fears of supply disruptions in Europe, Russia and Ukraine signed a deal in October requiring Kiev to pay in advance for gas shipments

  • Chesapeake Energy swings to profit, cuts capital expenditure budget

    Paul Monies | Updated: Wed, Feb 25, 2015

    Chesapeake Energy Corp. swung to a profit in the fourth quarter but cut its capital expenditure budget as it expects to have the lowest number of drilling rigs operating since 2004. Amid lower oil and natural gas prices, Chesapeake said it plans to operate between 35 and 45 rigs in 2015, a drop of 38 percent […]

  • Gasoline prices in Oklahoma are on the rise

    By Adam Wilmoth, Energy Editor | Updated: Wed, Feb 25, 2015

    The days of less-than-$2 gasoline may soon be over. Gasoline prices continued to rise over the past week as the country’s refineries conduct maintenance and prepare to make the more expensive and cleaner-burning summer blend gasoline required by federal regulators.

  • Oil prices for Feb. 25

    Updated: Tue, Feb 24, 2015

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $45.75 Oklahoma Sour: Sunoco Inc. — $33.75 Oklahoma oil and gas drilling activity posted Feb. 10: COMPLETION Custer: Apache Corp.; Joyce Trust 10-12-20 No. 1H Well; NE1/4 NW1/4 NE1/4 NW1/4 (BHL) of 10-12N-20W; 572 barrels oil per day 562,000 cu-ft gas per day; TD 14,512. Apache Corp.; Simon 31-12-20 No. 1H Well; S1/2 S1/2 SE1/4 SE1/4 (SL) of 31-12N-20W; 583 barrels oil per day 536,000 cu-ft gas per day; TD 14,650. Dewey: JMA Energy Co. LLC; Meyer No. 7-29H Well; N1/2 NE1/4 NW1/4 NE1/4 (SL) of 29-16N-19W; 167 barrels oil per day 828,000 cu-ft gas per day; TD

  • Continental Resources Inc. earnings beat analyst expectations

    By Adam Wilmoth, Energy Editor | Published: Wed, Feb 25, 2015

    Despite lower oil prices, Oklahoma City-based Continental Resources Inc. continued to grow production and adjusted profits in the fourth quarter, far outpacing analyst expectations.

  • President Barack Obama vetoes Keystone XL pipeline bill

    By Chris Casteel, Washington Bureau | Published: Tue, Feb 24, 2015

    President says Congress tried to circumvent normal approval process, while lawmakers supporting the pipeline say administration is dragging out the process. Senate Republican leader expected to hold vote to override veto in next week.

  • Oklahoma wind industry targeted for notice, setbacks

    Published: Tue, Feb 24, 2015

    OKLAHOMA CITY (AP) — A bill to place new restrictions on the growing wind industry in Oklahoma has passed a House Committee The House Energy and Natural Resources Committee voted 11-2 on Tuesday for the bill to restrict how close giant wind turbines can be built near homes and to require wind energy producers notify nearby property owners before construction. The bill would impose setback restrictions requiring turbines to be no closer than one-half mile from an adjacent property, no closer than one mile to any home, and at least three miles from any city limits, airports or schools. The bill was written by Republican state Rep. Earl Sears of Bartlesville, who also is pushing a bill to reduce tax incentives for the

  • Oil and gas, livestock prices for Feb. 24

    Published: Tue, Feb 24, 2015

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $46 Oklahoma Sour: Sunoco Inc. — $34 Oklahoma oil and gas drilling activity posted Feb. 9: COMPLETION Garfield: Stephens Energy Group LLC; SEG Riff Raff No. 1-22H Well; NE1/4 NE1/4 NE1/4 NE1/4 (SL) of 22-20N-03W; 104 barrels oil per day 206,000 cu-ft gas per day; TD 10,604. Kingfisher: Chaparral Energy LLC; Dover Unit (Nighthawk) 1807 No. 1MH -11 Well; NW1/4 NE1/4 NW1/4 NE1/4 (BHL) of 11-18N-07W; 437 barrels oil per day 247,000 cu-ft gas per day; TD 12,540. Hinkle Oil & Gas Inc.; East Hennessey Unit No. 221H Well; E1/2 E1/2 E1/2 SW1/4 (SL) of 22-19N-06W; 346 barrels oil per

  • New Source, executives rebut former chairman David Chernicky's claims

    By Adam Wilmoth, Energy Editor | Updated: Mon, Feb 23, 2015

    New Source Energy Partners and its executives on Monday asked a Tulsa judge to dismiss a lawsuit over tax liability filed by the company’s former chairman.

  • ONEOK Inc. posts higher profit, braces for industry slowdown

    By Adam Wilmoth, Energy Editor | Published: Mon, Feb 23, 2015

    ONEOK Inc. on Monday followed the same pattern set over the past few weeks by most in the oil and natural gas business as it slashed its capital expenditure budget and braced for decreased industry activity. ONEOK also on Monday reported increased 2014 profits led by higher natural gas gathering and processing volumes.

  • Oklahoma insurers receive earthquake coverage education

    By Adam Wilmoth, Energy Editor | Updated: Sun, Feb 22, 2015

    More than 2,500 Oklahoma insurance professionals have completed a one-hour continuing education course on earthquake coverage, Insurance Commissioner John Doak said Friday.

  • Drilling rig counts continue to fall in Oklahoma, U.S.

    By Adam Wilmoth, Energy Editor | Updated: Sun, Feb 22, 2015

    Oil and natural gas companies in Oklahoma and throughout the country continued to slow their drilling efforts this week, laying down another four dozen rigs and sending the country’s rig count to its lowest level in more than five years.

  • Futures File: Cold snap warms heating oil, natural gas prices

    Published: Sun, Feb 22, 2015

    Walt and Alex Breitinger: Natural gas prices have rallied more than 40 cents per million BTUs in the last two weeks, a 16 percent jump to $2.98 on Friday. Even more dramatically, heating oil has exploded over 50 cents per gallon (33 percent) higher, touching $2.13 per gallon on Friday.

  • Eagle & Beagle for Sunday, Feb. 22, 2015

    Published: Sun, Feb 22, 2015

    Don Mecoy: Eagle & Beagle is a weekly look at Oklahoma companies’ high-performing (eagle) and low-performing (beagle) stocks.

  • Oklahoma oil prices, livestock, Feb. 21

    Published: Sat, Feb 21, 2015

    Oklahoma oil prices, livestock, Feb. 21

  • Newsroom colleague's rear-end collision calms concerns over CNG vehicle safety

    By Adam Wilmoth, Energy Editor | Updated: Fri, Feb 20, 2015

    A couple weeks ago, my coworker Richard Hall’s car was rear-ended in an accident. The car was damaged so severely the rear doors would not open and both front seats were broken. Despite the damage, the tank was not punctured, did not leak, and — most importantly — did not explode.

  • Aubrey McClendon no longer part of Lake Texoma development group

    By Brianna Bailey, Business Writer | Updated: Fri, Feb 20, 2015

    American Energy Partners LP founder Aubrey McClendon has transferred his stake in Pointe Vista Development LLC to Chaparral Energy CEO Mark Fischer and is no longer an owner in the development company.

  • U.S. Geological Survey urges greater transparency, data sharing amid rise in earthquakes linked to injection wells

    By Paul Monies, Business Writer | Published: Fri, Feb 20, 2015

    A new article in the journal Science written by researchers at the USGS and the Oklahoma Geological Survey said induced seismicity may be reduced by managing wastewater injection activities from oil and natural gas production. Oklahoma regulators have put in place a “traffic light” permitting system for injection wells.

  • Crude oil pouring into Cushing, Oklahoma

    By Adam Wilmoth, Energy Editor | Published: Fri, Feb 20, 2015

    Billions of dollars worth of oil is arriving for storage at the Oklahoma town dubbed “Pipeline Crossroads of the World.”