Crude oil futures finished higher on Friday as traders rode the wave of OPEC’s success in striking a production cut designed to shrink supplies, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude added 62 cents, or 1.2%, to settle at $51.68 a barrel. For the week, prices were nearly …
December 4, 2016 archive
Denied! Army Corps Won’t Grant Dakota Access Pipeline Easement
The U.S. Army Corps of Engineers announced Sunday that it will not grant an easement for the controversial Dakota Access Pipeline’s planned route through the Standing Rock Sioux reservation. The surprise decision is a major victory for protesters who contend the pipeline would contaminate drinking water supplies on the reservation and destroy sacred historic and …
Oklahoma Supreme Court Asked to Intervene Again in 1989 Bribed ATT Case
The group seeking a $16 billion bribery refund from ATT over a 1989 bribed vote on a rate case is asking the Oklahoma Supreme Court to order an evidentiary hearing to examine all of the facts surrounding the bribed vote by the Corporation Commission that allowed ATT to keep millions in excess revenue and not …
Oil and Gas Rig Counts Grow in Oklahoma and U.S.
The number of drilling rigs increased in the nation’s oil and gas patch in the past week, growing by 4 to reach a total of 597 while Oklahoma added two, according to figures from the Baker Hughes Company. The nation’s count increased 3 additional oil rigs to reach 477 and one more gas rig to …
