Senate Committee Passes Bill to Stop City Bans of Oil Drilling

An Oklahoma State Senate committee has approved a bill restricting cities and towns from attempting to ban drilling activites. House Bill 2178 was approved Wednesday by the Senate Energy Committee on a 10-1 vote and now is on its way to the full…

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U.S. Crude Pushed Above $50 Mark on Positive Supply Data

U.S. crude oil prices rose above the $50 a barrel mark on Wednesday thanks to positive signs that growth in supplies could be slowing. West Texas Intermediate crude for May jumped $2.49 a barrel to end trade at $50.09 a barrel. May Brent crude gained $…

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Lone Kansan took on SandRidge Energy in Earthquake Fight—–and Won

Frank Smith is used to taking on giants. He’s done it for years and wasn’t intimidated by attorneys from Oklahoma City-based SandRidge Energy in a fight over injection wells and earthquakes that he won before the Kansas Corporation Commission ea…

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Fracking Ban Rescinded in Northern New Mexico

Two years after Mora County Commissioners in northern New Mexico passed what was considered to be the most sweeping and controversial anti-fracking ordinance in the nation, the commissioners have rescinded the measure after a federal judge called…

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New Report Shows Slowing Economy in Oklahoma and Midwest

As more oil and gas companies either announced layoffs or massive reductions in their 2015 capital budgets, a new report indicates the economic growth has definitely slowed in Oklahoma and eight other Midwestern and Plains states. It’s the finding of C…

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ConocoPhillips Starts Layoffs in Bartlesville

Dozens of employees at ConocoPhillips in Bartlesville are being laid off as crude oil prices remain consistently low, according to a published report. The Tulsa World says the company, now headquartered in Houston, Texas only confirms that dozen…

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House Committee Votes to Put Restrictions on Wind Farms

A State House committee has voted in favor of an anti-wind bill, one that would be more restrictive of where wind farms can be built in the state.
Senate bill 808 by Rep. Earl Sears, a Republican from Bartlesville would ban the construction of w…

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Optimism for a Deal with Iran Pushes Crude Lower Again Tuesday

Crude prices lost ground again on Tuesday thanks in large part to optimism over the Iranian nuclear talks. On the New York Mercantile Exchange, West Texas Intermediate for May delivery lost $1.08 to end trade at $47.60 a barrel. May Brent crude lost $1…

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State Gasoline Prices Hit $2.26 Average

The average price per gallon for gasoline is only about a penny more than it was last week in Oklahoma, reaching a new statewide average of $2.26a gallon, according to AAA Oklahoma’s Fuel Gauge report.
“Oklahoma’s statewide pump price for self-s…

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Chaparral Slashes Budget and Drilling Operations

Oklahoma City-based Chaparral Energy announced major financial steps taken Tuesday, in light of falling crude oil prices, slashing its budget by 76% and going from 10-drilling rigs to one for the remainder of 2015.
Mark A. Fischer, Chairman, CEO…

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