Oil Tank Car Lawsuit Dismissed—-Settlement Reached with Feds

The railroad car maker controlled by Carl Icahn has reached a settlement of legal action with federal rail safety regulators over the production of tank cars.

Icahn, the man who tried to take over Phillips Petroleum in 1985 two years before the company left Bartlesville and moved to Houston controls American Railcar Industries Inc. …

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State to Celebrate Oklahoma Aviation day in 2018

In a year, Oklahoma will officially celebrate State and National Aviation and Aerospace Day.

Thanks to the legislature’s approval of Senate Bill 47, August 19 will be observed to celebrate the history and development of aviation and aerospace. The new law won’t take effect until Nov. 1, 2017.

Oklahoma schools will be encouraged to …

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Oilfield Employment Stays Steady—-State’s Jobless Increases

Oklahoma’s oil and gas sector employment remained steady from June to July this year, according to the Oklahoma Employment Security Commission.

The monthly report showed June 2017 employment in the Mining and Logging Sector, where oil and gas workers are counted, was 46,700 and the number didn’t change in July. ¬†However, the July 2017 …

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Devon Keeps Hitting Large Wells in STACK

Still more success in the STACK by Devon Energy as it reports a well producing more than 1,200 barrels of oil a day in Kingfisher County.

As indicated by OK Energy Today’s Well Completion reports, The Oklahoma City-based firm brought in Ricky’s Ridge well, 21 15N 8W with production of 1,202 Boed along …

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Anadarko Basin Added to Government’s Monthly Drilling Map

The wild growth of shale oil exploration in Oklahoma has prompted the U.S. Energy Information Administration to add the Anadarko region to its monthly drilling report.

Most of the Anadarko basin is in Oklahoma. Twenty-four counties in Oklahoma and five in Texas make up the area. But more than 10 percent of new wells …

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Prague Earthquake Lawsuits Move Closer to Trial

Earthquake attorney Scott Poynter had to go to court in order to get the right to interview some experts as he prepares for a late November trial against some Oklahoma energy companies. The companies are blamed for a large earthquake six years ago.

Representing clients who sued energy companies following the 2011 earthquake in …

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Devon Brings in Eleven New Wells—-3 Making 1,000 Barrels Plus a Day

Devon Energy’s reporting the success of three wells, each producing more than 1,000 barrels of oil a day in Oklahoma’s STACK. They were among eleven wells reported as completed, according to OK Energy Today’s Well Completion Reports.

All three of the large wells were apparent DUCS or drilled but uncompleted wells because each …

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Buffett Won’t Budge From $9 Billion Bid to Take Over Oncor in Texas

In a case of “who might blink first”, billionaire investor Warren Buffett’s vowed not to raise the $9 billion bid he’s made to take over Oncor Electric Delivery Co. in Texas.

His vow comes after Elliott Management Corp. bought some of the debt Energy Future Holdings Corp., the main owner of Oncor and a …

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Louisiana Fast Becoming Place Where Worldwide Gas Prices Are Determined

Just like Cushing as become the place where prices of West Texas Intermediate crude are determined, southern Louisiana is fast becoming the place where natural gas prices are determined around the world.

Louisiana is home to the Henry Hub, a standard bearer for domestic shale gas markets. But now the jump in U.S. exports …

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No Letup in Oil and Gas Employment in Texas

The Federal Reserve Bank of Dallas says oil and gas employment in Texas grew again for the seventh consecutive month. The bank says the industry added nearly 4,300 positions statewide in June over May and it credited jobs growth in the mining sector. Oil field services are included in the mining sector.

Researchers estimated …

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