Drilling Rights Bring Higher Prices

Even with oil prices in the $45 range, oil and gas developers aren’t backing off from paying high prices to drill on land in Oklahoma’s two big oil plays, the STACK and the SCOOP.

As The Oklahoman reported this week, two companies recently paid more than $1 million each to do drilling in …

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STACK is Busier Than Ever

There’s good reason ONEOK announced this week a $130 million plan to expand its natural gas and oil gathering pipeline systems in Oklahoma’s STACK—–the STACK is busy.

Witness the completion reports indicated in OK Energy Today on Tuesday. All seven well completions came in the STACK. While they weren’t the monster wells of …

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GOP Legislator Critical of Republicans Over Gas Tax Vote

Like those who say congress doesn’t see beyond the Beltway in Washington, D.C., a Guthrie legislator is critical of his own GOP colleagues for not seeing beyond the state capitol.

“The decision to vote on the gas tax increase demonstrated the Republicans’ inability to see beyond the artificial bubble that surrounds the capitol,” wrote …

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Congressmen Want Easier Cross-Border Energy Operations

Oklahoma U.S. Rep. Markwayne Mullin has joined forces with Texas Democratic Rep. Gene Green in introducing a bill to expand cross-border energy infrastructure.

The two sided up to introduce H.R. 2883, the Promoting Cross-Border Energy Infrastructure Act which is meant to encourage and promote the construction of energy infrastructure across border lines with North …

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Oklahoma’s Oil and Gas and Wind Operations Helped Build President Trump’s Wealth

Oil companies and wind energy firms with operations in Oklahoma are among those that helped make up President Trump’s fortune and they are listed in a 98-page financial disclosure report released by the U.S. Office of Government Ethics.

The report shows at least $1.4 billion in assets and a long list of firms …

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ONEOK Announces $130 million Expansion in STACK Play

ONEOK, Inc. announced Monday plans for $130 million in an expansion of its Mid-Continent natural gas liquids gathering system to better serve Oklahoma’s wildly-growing STACK oil play.

Backed by a long-term contract with a subsidiary of EnLink Midstream Partners, LP and EnLink Midsream LLC, the expansions will help handle expected volume growth in the …

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Forth Worth to Lose 1,600 XTO Energy Workers

Exxon Mobil’s announced plans to move 1,600 of its XTO Energy subsidiary’s employees from Fort Worth to the Houston area.

Reports indicate 1,200 employees will make the move in mid-2018 and another 400 will be transferred in 2020.

Only about 350 XTO Energy workers will stay in Fort Worth. Workers got the news on …

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Open Season on Plains All American Pipeline from Texas to Cushing

An open season for committed crude oil pipeline capacity from the Delaware Basin in Texas to Cushing, Oklahoma has been announced by a subsidiary of Plains All American Pipeline, L.P.

The company said the Pipeline will originate at Conan Station in Loving County, Texas which is located between El Paso and Midland-Odessa.

The line …

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Hess Corporation Unloads $600 Million in Assets in Permian Basin

New York based Hess Corporation announced Monday it has sold $600 million in assets in the Permian Basin to Occidental Petroleum Corporation.

The sale was effective June 1 and proceeds will be used to fund the company’s strong growth opportunities. The assets included holdings in the Seminole Gas Processing plant in Texas, the West …

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7-Year Court Fight Ends With $11.7 million Judgment Against ConocoPhillips

In a court case of the “little guy” against the corporate giant, the corporate giant, ConocoPhillips has lost its challenge of $11.7 million in damages ordered by a court.

The Fourth Court of Appeals in San Antonio, Texas has upheld a lower court ruling that said a brother and sister were entitled to $11.7 million …

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