• Oil and gas, livestock prices for Jan. 13

    Published: Tue, Jan 13, 2015

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $42.50 Oklahoma Sour: Sunoco Inc. — $30.50 Oklahoma oil and gas drilling activity posted Dec. 29: COMPLETION Alfalfa: Sandridge Exploration & Production LLC; Burleson 2611 No. 2-19H Well; NW1/4 NW1/4 NE1/4 NE1/4 (SL) of 19-26N-11W; 27 barrels oil per day 303,000 cu-ft gas per day; TD 10,419. Sandridge Exploration & Production LLC; Coffman 2710 No. 2-16H Well; SW1/4 SW1/4 SE1/4 SW1/4 (SL) of 16-27N-10W; 346 barrels oil per day 2,275,000 cu-ft gas per day; TD 9,920. Sandridge Exploration & Production LLC; Coffman 2710 No.

  • Oklahoma business briefs

    Published: Tue, Jan 13, 2015

    Oklahoma business briefs for Jan. 13, 2015

  • Price of oil -- how low can it go?

    By Adam Wilmoth, Energy Editor | Updated: Mon, Jan 12, 2015

    While the long-term ramifications of the price drop are still unknown, economists and industry observers are pointing out that today’s situation is very different from some of the industry’s previous downturns.

  • Harold Hamm's ex-wife to continue appeal despite cashing $974M check

    By Jay F. Marks, Business Writer | Updated: Mon, Jan 12, 2015

    Continental Resources Inc. CEO Harold Hamm’s ex-wife plans to continue pushing her appeal of the division of assets in their divorce, despite cashing his $974.8 million check last week.

  • Saudi prince: $100-a-barrel oil 'never' again

    Published: Mon, Jan 12, 2015

    Saudi billionaire businessman Prince Alwaleed bin Talal told Maria Bartiromo for USA Today that we will not see $100-a-barrel oil again. The plunge in oil prices has been one of the biggest stories of the year. And while cheap gasoline is good for consumers, the negative impact of a 50% decline in oil has been wide and deep, especially for major oil producers such as Saudi Arabia and Russia. Even oil-producing Texas has felt a hit. The astute investor and prince of the Saudi royal family spoke to Bartiromo exclusively last week as prices spiraled below $50 a barrel. He also predicted the move would dampen what has been one of the big U.S. growth stories: the shale revolution.

  • Oklahoma Corporation Commissioner Patrice Douglas plans private sector return after term

    By Paul Monies, Business Writer | Updated: Sat, Jan 10, 2015

    Outgoing Corporation Commissioner Patrice Douglas leaves office Monday after more than three years at the agency that regulates everything from oil and gas to utilities and trucking. Douglas said she’s proudest of helping to implement a strategic plan for the agency to improve its efficiency.

  • Oil and gas, livestock prices for Jan. 10

    Published: Sat, Jan 10, 2015

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $44.75 Oklahoma Sour: Sunoco Inc. — $32.75 Oklahoma oil and gas drilling activity posted Dec. 26: COMPLETION No postings. INTENT TO DRILL Ellis: PPP Petroleum LP; Word No. 1-29H Well; SE1/4 SW1/4 SW1/4 SW1/4 (SL) of 29-18N-24W; TD 9,402. Garfield: SK Plymouth LLC; Herbert No. 2-3H Well; W1/2 NE1/4 NW1/4 NW1/4 (BHL) of 03-23N-05W; TD 10,500. Grady: Eagle Rock Mid-Continent Operating LLC; Brown No. 1-29 Well; NW1/4 SW1/4 SW1/4 NE1/4 (SL) of 29-05N-05W; TD 16,500. EOG Resources Inc.; Schenk No. 17-2H Well; NE1/4 NW1/4 NE1/4 NE1/4 (SL) of 17-06N-08W; TD

  • Duncan, OK, oilman agrees to securities ban, promises to make restitution to investors

    By Brianna Bailey, Business Writer | Published: Fri, Jan 9, 2015

    Duncan Oilman Jimmy W. Gray has struck an agreement with state regulators that includes a a lifetime ban on selling securities in Oklahoma. Stephens County oil and gas companies raised about $12 million from investors, little of which remains after ventures failed. The Oklahoma Department of Securities took legal action in 2013 to shut down Gray’s company Gates Oil & Gas Ltd. and three affiliated companies.

  • U.S. House approves Keystone XL pipeline after Nebraska court clears route

    By Chris Casteel, Washington Bureau | Published: Fri, Jan 9, 2015

    The White House renewed its veto threat of the bill forcing work on the Keystone XL pipeline and maintains its position that the State Department has the authority over the project to move Canadian tar sands crude to refineries. Senate action is set for Monday.

  • Wilmoth: Low oil prices threaten natural gas projects, experts say

    By Adam Wilmoth, Energy Editor | Updated: Fri, Jan 9, 2015

    While the nearly 50 percent tumble in the price of oil over the past six months has led to increasing concern throughout the oil patch, recently falling natural gas prices have only piled on to the problem for local producers and supporting companies.

  • Robert Redford: Here's Why Keystone XL Is the Wrong Choice for Our Nation

    Published: Fri, Jan 9, 2015

    The new Republican majority in Congress wants to force approval of the Keystone XL pipeline for dirty tar sands oil, says Robert Redford in the Huffington Post. President Obama announced he will veto bills that bypass the official review of Keystone XL. There are plenty of reasons to block these bills and this pipeline.

  • Oil bust will hurt housing in Texas, Oklahoma, Louisiana

    By JOSH BOAK, AP Economics Writer | Published: Fri, Jan 9, 2015

    WASHINGTON — The oil boom that lifted home prices in Texas, Oklahoma and Louisiana is coming to an end. Crude oil prices have crashed since June, falling by more than 54 percent to less than $50 a barrel. That swift drop has started to cripple job growth in oil country, creating a slow wave that in the years ahead may devastate what has been a thriving real estate market, according to new analysis by the real estate firm Trulia. “Oil prices won’t tank home prices immediately,” Trulia chief economist Jed Kolko explained. “Rather, falling oil prices in the second half of 2014 might not have their biggest impact on home prices until late 2015 or in 2016.” History shows it takes time for home prices in oil

  • Oil and gas prices for Jan. 9

    Published: Fri, Jan 9, 2015

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $45.25 Oklahoma Sour: Sunoco Inc. — $33.25 Oklahoma oil and gas drilling activity posted Dec. 23: COMPLETION Canadian: Devon Energy Production Co. LP; Chiles 35-13N-10W No. 4H Well; NE1/4 NW1/4 NE1/4 NW1/4 (SL) of 02-12N-10W; 19 barrels oil per day 2,204,000 cu-ft gas per day; TD 18,265. Devon Energy Production Co. LP; Chiles 35-13N-10W No. 7H Well; SE1/4 SW1/4 SE1/4 SE1/4 (SL) of 35-13N-10W; 25 barrels oil per day 4,470,000 cu-ft gas per day; TD 17,854. Devon Energy Production Co. LP; Williamson 2-12N-9W No. 1H Well; SE1/4 SW1/4 SE1/4 SE1/4 (SL) of 02-12N-09W; 263 barrels oil

  • American Energy-Permian Basin reins in drilling plans

    By Jay F. Marks, Business Writer | Published: Fri, Jan 9, 2015

    American Energy-Permian Basin LLC says it will not add four more drilling rigs in west Texas in light of plunging crude oil prices.

  • Wind power saved electricity consumers during last year's 'polar vortex,' trade group says

    By Paul Monies, Business Writer | Published: Fri, Jan 9, 2015

    A new analysis by the American Wind Energy Association estimated electricity consumers saved more than $1 billion when utilities shifted to wind energy as the spot prices of natural gas shot up during a January 2014 extreme cold snap. Critics said the analysis failed to account for the tax incentives provided to wind developers.

  • Oklahoma City-based SandRidge Energy reports third-quarter profit

    By Jay F. Marks, Business Writer | Published: Fri, Jan 9, 2015

    SandRidge Energy Inc. earned $157.3 million in net income for the third quarter, the company reported Thursday.

  • Plugging In business briefs for Jan. 9

    Published: Fri, Jan 9, 2015

    Plugging In business briefs for Jan. 9, 2015

  • Case closed? Harold Hamm's ex-wife accepts $974.8 million check

    By Jay F. Marks, Business Writer | Updated: Thu, Jan 8, 2015

    Sue Ann Arnall has accepted a $974.8 million check to settle her divorce from Continental Resources Inc. CEO Harold Hamm, one of his attorneys said Thursday.

  • Oklahoma Supreme Court declines to act in Open Records case

    By Jay F. Marks, Business Writer | Published: Thu, Jan 8, 2015

    The Oklahoma Supreme Court has chosen not to get involved in a news organization’s request to gain access to sealed records in Continental Resources Inc. CEO Harold Hamm’s divorce case.

  • Oil and gas prices for Jan. 8

    Published: Thu, Jan 8, 2015

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $45.25 Oklahoma Sour: Sunoco Inc. — $33.25 Oklahoma oil and gas drilling activity posted Dec. 22: COMPLETION Hughes: Jones Energy LLC; Bue No. 5 4H Well; NE1/4 SW1/4 NE1/4 NW1/4 (BHL) of 05-05N-11E; 2,969,000 cu-ft gas per day; TD 11,179. Logan: Devon Energy Production Co. LP; Rothermel 23-19N-3W No. 4MH Well; NW1/4 SE1/4 SE1/4 SW1/4 (SL) of 23-19N-03W; 282 barrels oil per day 1,752,000 cu-ft gas per day; TD 10,626. INTENT TO DRILL Canadian: Chesapeake Operating LLC; Darlene 28-13N-9W No. 1H Well; SE1/4 SW1/4 SE1/4 SE1/4 (SL) of 28-13N-09W; TD 14,250. Carter:




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