• New York state court OKs local fracking bans

    By MICHAEL HILL, Associated Press | Published: Tue, Jul 1, 2014

    Judges find New York state owns have right to regulate land use.

  • Despite layoffs, Chesapeake Energy still qualifies for city job creation payments

    By Brianna Bailey, Business Writer | Updated: Mon, Jun 30, 2014

    Chesapeake entered into $3.5 million incentive deal with Oklahoma City in 2011

  • Oklahoma business briefs for July 1

    Published: Tue, Jul 1, 2014

    Oklahoma business briefs for July 1, 2014

  • Devon reaches $2.3B deal to sell acreage in six states

    By Jay F. Marks, Staff Writer | Updated: Mon, Jun 30, 2014

    Devon Energy Corp. will receive $2.3 billion from Linn Energy for its natural gas-rich acreage in six states.

  • Equal shareholder to support Petroflow deal

    By Jay F. Marks, Business Writer | Published: Sun, Jun 29, 2014

    One of Equal Energy Ltd.’s largest shareholders has decided to vote in favor of the company’s proposed acquisition by Tulsa-based Petroflow Energy Corp.

  • Futures File compiles commodities news

    Published: Sun, Jun 29, 2014

    News that the Obama administration is paving the way for an increase in oil exports for first time in nearly forty years provides more evidence of high production and ample supplies in North America. The complicated move, involving the Commerce Department and many technicalities may be more symbolic at this stage than an overall lifting of export bans, but has been heralded by some as a fundamental change in the U.S. oil market policy.

  • Encana to sell its 360,000 acres of Canadian Bighorn holdings

    By The Associated Press | Published: Sat, Jun 28, 2014

    Encana said Friday the sale to Jupiter Resources includes about 360,000 acres of land in Canada with total net proved reserves of about 1.1 trillion cubic feet equivalent, mostly natural gas. It also includes Encana’s working interests in all pipelines, facilities and service arrangements.

  • Florida utility to join drilling boom in Oklahoma

    By Jay F. Marks, Business Writer | Published: Fri, Jun 27, 2014

    One of the nation’s largest electric utilities is investing in natural gas wells in Oklahoma in an attempt to secure a stable, low-cost resource source for its power plants.

  • Industry continues natural gas advocacy as Chesapeake steps back

    By Jay F. Marks, Business Writer | Updated: Fri, Jun 27, 2014

    The natural gas industry is still working to promote its product, even though one-time flag bearer Chesapeake Energy Corp. has taken a step back to focus on its business.

  • Geologist: History shows Oklahoma earthquakes not new phenomenon

    By Jay F. Marks, Business Writer | Published: Fri, Jun 27, 2014

    The earthquake swarm shaking Oklahoma right now seems to be similar to one that affected state residents more than 60 years ago, according to a geologist at Continental Resources Inc.

  • Telephone regulators worried about Oklahoma fund paid to rural carriers

    By Paul Monies, Business Writer | Updated: Fri, Jun 27, 2014

    Oklahoma telephone companies serving high-cost and rural areas with affordable service are seeing federal subsidies cut, but they can make up the difference under a state law an Oklahoma Corporation commissioner said is outdated. The money for the Oklahoma Universal Service Fund comes from fees on telephone customer bills.

  • Oil and gas prices for June 27

    Published: Fri, Jun 27, 2014

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $102.25 Oklahoma Sour: Sunoco Inc. — $90.25 Oklahoma oil and gas drilling activity posted June 10: COMPLETION Alfalfa: Chesapeake Operating Inc.; Thorp 31-25-10 No. 1H Well; NE1/4 NW1/4 NE1/4 NE1/4 of 31-25N-10W; 180 barrels oil per day, 1,844,000 cu-ft gas per day; TD 10,465. Midstates Petroleum Co. LLC; Baker 2512 No. 2H-33 A Well; NE1/4 NW1/4 NE1/4 NW1/4 (SL) of 33-25N-12W; 342 barrels oil per day, 1,019,000 cu-ft gas per day; TD 11,770. Beckham: Linn Operating Inc.; Johnson 20-11-25 No. 10H Well; NE1/4 NE1/4 NW1/4 NW1/4 (BHL) of 20-11N-25W; 2,810,000 cu-ft gas per day, 70

  • Plugging In business briefs for June 27

    Published: Fri, Jun 27, 2014

    Plugging In business briefs for June 27, 2014

  • Oil train dangers extend past shipments from Bakken region, official says

    By MATTHEW BROWN, Associated Press | Published: Fri, Jun 27, 2014

    The acting National Transportation Safety Board chairman said all crude shipments are flammable and can damage the environment — not just the Bakken shipments involved in a series of accidents. He cited recent derailments in Mississippi, Minnesota, New Brunswick and Pennsylvania of oil shipments from Canada.

  • Feds cut eagle death penalties for California wind farm

    By SCOTT SMITH, Associated Press | Published: Fri, Jun 27, 2014

    The Shiloh IV Wind Project LLC, 60 miles east of San Francisco, will receive a special permit allowing up to five golden eagles to be accidentally killed over five years. Previously, such a violation could potentially draw criminal charges and discourage private investment in wind farms known for catching birds in their rotors.

  • Edmond earthquake town hall leaves attendees unsatisfied

    By Jay F. Marks, Business Writer | Updated: Thu, Jun 26, 2014

    Residents worried about the spate of earthquakes that have plagued parts of Oklahoma likely got little satisfaction Thursday night at a town hall on the subject, as experts said there is no way to know their cause.

  • Legal challenge filed over Oklahoma oil tax law

    By Rick M. Green, Capitol Bureau | Updated: Thu, Jun 26, 2014

    An Oklahoma City attorney claims the state Legislature violated the Oklahoma Constitution by passing a new law that sets the state’s oil and natural gas production tax at 2 percent for the first 36 months of production.

  • Oklahoma customers share health, privacy, cost concerns over PSO smart-meter plan

    By Paul Monies, Business Writer | Published: Thu, Jun 26, 2014

    Public Service Co. of Oklahoma wants to install 520,000 smart meters across its customer base by the end of 2016. Some residents came to a public hearing at the Oklahoma Corporation Commission to share their concerns over health and privacy.

  • Oil and gas, livestock prices for June 26

    Published: Thu, Jun 26, 2014

    OIL AND GAS PRICES Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $103 Oklahoma Sour: Sunoco Inc. — $91 Oklahoma oil and gas drilling activity posted June 9: COMPLETION Canadian: Devon Energy Production Co. LP; Bessie 6-13N-9W No. 4H Well; SW1/4 SE1/4 SE1/4 SW1/4 (SL) of 06-13N-09W; 107 barrels oil per day, 2,161,000 cu-ft gas per day; TD 17,165. Devon Energy Production Co. LP; Bessie 6-13N-9W No. 8H Well; NE1/4 NW1/4 NE1/4 NE1/4 (BHL) of 06-13N-09W; 2,874,000 cu-ft gas per day, 138 barrels oil per day; TD 17,420. Devon Energy Production Co. LP; Bessie 6-13N-9W No. 9H Well; NW1/4 NE1/4 NE1/4 NE1/4 (BHL) of 06-13N-09W; 2,823,000 cu-ft gas per

  • Report: Pipeline injected $2.1B into Oklahoma economy

    By Jay F. Marks, Buisness Writer | Updated: Wed, Jun 25, 2014

    A report commissioned by the Consumer Energy Alliance indicates the Gulf Coast Project created more than $2 billion in new economic activity in Oklahoma while the pipeline was under construction.