Oklahoma Energy News - Oil & Gas

Business

Coronavirus in Oklahoma: Energy demand drop, oil price war and virus crippling Oklahoma economy

Businesses large and small continue to scale back or shut their operations as the coronavirus spreads across the United States....

Business

Coronavirus in Oklahoma: Authorities warn unemployment benefits seekers to be aware of scam artists

Unemployment benefit scam warnings issued Oklahoma and other states are now warning out-of-work employees to file a wage claim...

Business

Oklahoma oil prices and drilling report for March 28, 2020

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $18 Oklahoma Sour: Sunoco Inc. — $6 Oklahoma oil...

Business

Oklahoma oil prices and drilling report for March 27, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $19 Oklahoma Sour: Sunoco Inc. — $7 Oklahoma oil...

Business

Oklahoma oil prices and drilling report for March 26, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $21 Oklahoma Sour: Sunoco Inc. — $9 Oklahoma...

Business

Gasoline cost dips to 99 cents a gallon at some Oklahoma City retailers

When it comes to fuel prices, Oklahoma can’t be beat. AAA showed on its website Tuesday that Oklahoma had the lowest average...

Business

Oklahoma oil prices and drilling report for March 25, 2020

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $20.50 Oklahoma Sour: Sunoco Inc. — $8.50...

Business

Oklahoma Corporation Commission closes offices to public until further notice

OCC closes to public The Oklahoma Corporation Commission closed its Oklahoma City headquarters, its regional office in Tulsa...

Business

Coronavirus in Oklahoma: Utilities and companies that provide Oklahomans with electricity, natural gas and some phone services are suspending disconnects,...

Companies that provide Oklahomans with electrical, natural gas and phone services in some rural areas have been working with...

Business

Oklahoma oil prices and drilling report for March 24, 2020

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $20 Oklahoma Sour: Sunoco Inc. — $8 Oklahoma oil...

Business

Oklahoma oil prices and drilling report for March 21, 2020

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $19 Oklahoma Sour: Sunoco Inc. — $7 Oklahoma oil...

Business

Oklahoma oil prices and drilling report for March 20, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $21.50 Oklahoma Sour: Sunoco Inc. — $9.50...

Business

WPX Energy cuts capital expenditures budget by 25% to preserve cash flow

TULSA — WPX Energy announced this week it is reducing its planned capital expenditures for 2020 by $400 million. That equates...

Business

Oklahoma oil prices and drilling report for March 19, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $16.75 Oklahoma Sour: Sunoco Inc. — $4.75...

Business
Video

Coronavirus in Oklahoma: Devon Energy confirms positive test for employee

Devon Energy confirmed Wednesday one of its employees who works at the Devon Energy Center in Oklahoma City tested positive for...

Business

Oklahoma oil prices and drilling report for March 18, 2020

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $23.50 Oklahoma Sour: Sunoco Inc. — $11.50...

Business

Oklahoma oil prices and drilling report for March 17, 2020

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $25.24 Oklahoma Sour: Sunoco Inc. — $13.25...

Business

Devon Energy joins other companies to announce capital expenditure cuts as oil price war, demand worries grow

The U.S. Energy Information Administration is already predicting a production decline in crude domestically in 2021. The...

Business

Vertical well group names new president will Tulsa E&P trims its annual losses

OEPA chooses president The Oklahoma Energy Producers Alliance, an organization that represents owners and operators of vertical...

Business

Oklahoma oil prices and drilling report for March 14, 2020

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $28.25 Oklahoma Sour: Sunoco Inc. — $16.25...

By land and air, weather researchers track tornadic storms

NewsMay 16, 2019

SALINA, Kan. — For the first time in almost a decade, meteorologists from across the Midwest will track and intercept tornado birthing grounds as part of a large-scale collaborative research project. The TORUS Project, or Targeted Observation...

Exclusively from The Oklahoman

Business

Oklahoma oil prices and drilling report for March 13, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $28 Oklahoma Sour: Sunoco Inc. — $16 Oklahoma...

Business

Chaparral says assets value change led to an annual loss of $469 million in 2019

A changing energy market is hitting Oklahoma’s exploration and production companies in different ways, and Chaparral Energy...

Business

ONEOK trims a half billion in expenditures for 2020

TULSA — ONEOK is cutting its expected capital expenditure plans for 2020 by a half-billion dollars. The company now plans to...

Business

Panhandle Oil and Gas chooses new CFO after resignation

Panhandle Oil and Gas announced Tuesday that Robb P. Winfield, its chief financial officer, controller and corporate secretary,...

Business

Oklahoma oil prices and drilling report for March 12, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $29.50 Oklahoma Sour: Sunoco Inc. — $17.50...

Business

Energy producers hurting more than midstream businesses amid market slump

While trends involving stocks for Oklahoma-based companies evolve over time, periods of market stress tend to make those trends...

Business

Tulsa company completes $2.5 billion deal ahead of schedule

TULSA — WPX Energy and privately held Felix Energy closed a $2.5 billion deal ahead of schedule this month combining the two...

Business

Chesapeake Energy to ask shareholders for potential one-for-hundreds reverse stock split

Efforts to improve Chesapeake Energy Corp.'s low stock price and prevent a potential delisting from the New York Stock Exchange...

Business

Oklahoma oil prices and drilling report for March 11, 2020

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $31 Oklahoma Sour: Sunoco Inc. — $19 Oklahoma oil...

Business

Oklahoma oil prices and drilling report for March 10, 2020

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $27.75 Oklahoma Sour: Sunoco Inc. — $15.75...

Business

Global events affecting Oklahoma oil industry

A steep drop in the price for crude oil can be blamed on many global factors, but the effects will be felt close to home for...

Business

3.4-magnitude earthquake disrupts Continental Resources well completion

Continental Resources suspended efforts to complete a well Thursday night after a 3.4-magnitude earthquake happened nearby. The...

Business

Oklahoma oil prices and drilling report for March 7, 2020

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $37.75 Oklahoma Sour: Sunoco Inc. — $25.75...

Business

Linn Energy office building sells to EOG Resources Inc.

Linn Energy office building sells to EOG Resources The vacant Linn Energy office building at 14701 Quail Springs Parkway has...

Business

Rig count drops two in Oklahoma, gains nationally

Rig count falls by 2 in state Baker Hughes reported Friday the number of rigs drilling for oil and natural gas declined by two...

Business

Oklahoma Corporation Commission adopts more restrictive proration order for unallocated natural gas wells

A majority of elected members of Oklahoma’s Corporation Commission voted Thursday to limit how much natural gas is produced by...

Business

Oklahoma oil prices and drilling report for March 6, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $42.50 Oklahoma Sour: Sunoco Inc. — $30.50...

Business

CHKR delisted from NYSE

Chesapeake Granite Wash Trust’s stock began trading this week under the symbol “CHKR” on the OTC Pink Market operated by OTC...

Business

Mid-Con Energy Partners will conduct a reverse split to keep its stock on NASDAQ

TULSA — Mid-Con Energy Partners announced this week it will conduct a one-for-10 reverse split on its stock after markets close...

Business

Oklahoma oil prices and drilling report for March 5, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $43.25 Oklahoma Sour: Sunoco Inc. — $31.25...

Business

Backers of renewable energy highlight industry's growth at Capitol event Tuesday

Oklahoma’s use of wind energy to generate electricity continues to increase. A record 40.2% of all state’s generated energy in...

Business

Oklahoma oil prices and drilling report for March 4, 2020

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $43.75 Oklahoma Sour: Sunoco Inc. — $31.75...

Business

7-Eleven acquires more than 100 central Oklahoma stores

7-Eleven closes deal 7-Eleven Inc. announced Monday it officially closed on its deal to acquire more than 100 independently...

Business

Oklahoma oil prices and drilling report for March 3, 2020

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $43 Oklahoma Sour: Sunoco Inc. — $31 Oklahoma oil...

Business

Gulfport investor Firefly Value Partners puts forward candidates to join the oil and gas company's board of directors

Firefly Value Partners announced Monday it intends to nominate two people for Gulfport Energy Corp.’s board of directors later...

Business

Senators seek appeal of 10th Circuit ruling faulting the EPA's renewable fuels blending exemption program

A group of U.S. Senators are upset with a court's decision regarding renewable fuel blending. Refiners across the nation are...

Business

Super Tuesday: Where the candidates stand on key issues

As Super Tuesday approaches, here's a look at some of the Democratic candidates' stances on several key issues, including...

Business

Oklahoma business briefs for March 1, 2020

Long joins MetaFund Ed Long is joining Oklahoma City-based MetaFund as its vice president, the organization announced. Long,...

Business

Rig count falls by three

Rig count falls 3 Baker Hughes reported Friday the number of rigs drilling for oil and natural gas declined by three in...

Business

Mammoth Energy Services posts annual loss after internal issues

While Mammoth Energy Services Inc. and the oil and gas industry it services had a down year in 2019, its top executive says the...

Business

Gulfport Energy writes down value of oil, gas assets in 2019, report shows

An expensive write-down contributed to big losses on the year for Gulfport Energy. After markets closed Thursday, the company...

Business

Oklahoma oil prices and drilling report for Feb. 28, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $43.50 Oklahoma Sour: Sunoco Inc. — $31.50...

OG&E
BrandInsight

OGE Energy's earnings grow

OGE Energy’s 2019 earnings surged. In a report issued before markets opened Thursday, the company reported it earned a 2019...

Business

Chesapeake plans reverse stock split, removes 'ongoing concern' language from regulatory report

Chesapeake Energy intends to conduct a reverse stock split in an attempt to keep its shares trading on the New York Stock...

Business

Brief for The Oklahoman's Business cover on Feb. 28, 2020

Oklahoma City API opposes fracking ban The American Petroleum Institute released a study Thursday that predicts dire economic...

Business

Warwick promotes environmental, social and governance tools

Warwick promotes responsible investing Oklahoma City-based Warwick Investment Group announced this week it signed a United...

Business

Continental Resources dominated oil production in Bakken and Oklahoma fields

Continental Resources led the way in oil production during 2019 in Oklahoma and in North Dakota’s Bakken Shale field. In an...

OG&E
BrandInsight

Oklahoma business brief for Feb. 27, 2020

OGE declares dividend OGE Energy Corp. announced Wednesday its board of directors approved a second quarter dividend of 38.75...

Business

Chesapeake stock tumbles on earnings release

While Chesapeake Energy isn’t wavering on its plans, its investors are. The Oklahoma City energy company's stock, traded on the...

Business

SandRidge posts biggest loss in years for 2019

SandRidge Energy lost nearly a half-billion dollars in 2019, the company reported Wednesday after markets closed. In an...

Business

Oklahoma oil prices and drilling report for Feb. 27, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $45.25 Oklahoma Sour: Sunoco Inc. — $33.25...

Business

Oklahoma oil prices and drilling report for Feb. 26, 2020

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $46.50 Oklahoma Sour: Sunoco Inc. — $34.50...

Business

ONEOK results stronger, thanks to performance upgrades

TULSA — ONEOK is cooking with gas. In earnings results the company posted this week, the company reported an 11% increase in...

Business

Oklahoma Gas and Electric partners with Chickasaw and Choctaw Nations to generate additional solar power

Solar energy's outlook continues to brighten in Oklahoma. On Tuesday, Oklahoma Gas and Electric Co. and the Chickasaw and...

Business

OG&E hopes a higher electric bill now could save consumers money in the future

Are you willing to pay a higher electrical bill to improve the reliability of your service? If that answer is no, Oklahoma Gas...

Business

Oklahoma oil prices and drilling report for Feb. 25, 2020

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $48 Oklahoma Sour: Sunoco Inc. — $36 Oklahoma oil...

Business

Ascent Resources boosts daily production while slashing expenditures by more than half

Ascent Resources got more as it spent less in 2019. The company's average daily production climbed 45%, year-over-year, to...

Business

Oklahoma stocks join broader markets in losses on Monday

OK stocks routed Wall Street suffered its worst losses in two years Monday. The worst performers among Oklahoma stocks all were...

Business
Video

How Democratic presidential candidates would regulate the oil and gas industry

As Democratic presidential candidates court Oklahomans for votes, some are calling for measures that would sharply curtail...

Business

Democrats courting Oklahomans seek limits on oil and gas production

As Democratic presidential candidates court Oklahomans for votes, some are calling for measures that would sharply curtail...

Business

Briefs for The Oklahoman's Business section cover on Feb. 22, 2020

Rig count climbs 1 Baker Hughes reported Friday the number of rigs drilling for oil and natural gas climbed by one in Oklahoma...

Business

Turnaround year at Williams as investors see fourth quarter, annual growth at Williams

TULSA — Williams announced this week it delivered significant growth in value to its investors year-over-year through its...

Business

Oklahoma oil prices and drilling report for Feb. 22, 2020

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $50 Oklahoma Sour: Sunoco Inc. — $38 Oklahoma oil...

Business

Billion dollar savings blowing in as Public Service Co. of Oklahoma gets approval to add wind

Oklahomans are projected to save more than $1 billion in electric costs over the next three decades through a plan by Public...

Business

Oklahoma oil prices and drilling report for Feb. 21, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $50.25 Oklahoma Sour: Sunoco Inc. — $38.25...

Business

Enable chairman out

Enable chairman steps down Enable Midstream Partners needs a new board chairman. On Wednesday, Chairman Scott M. Prochazka, CEO...

Business

Oklahoma business briefs for Feb. 20, 2020

OU geologists win competition A team of undergraduate and graduate petroleum engineering students from the Mewbourne School of...

Business

ONE Gas revenue results warmed by better rates, customer counts

A rate increase in Kansas and customer growth in Oklahoma and Texas pushed quarterly earnings higher for ONE Gas, a company...

Business

Oklahoma oil prices and drilling report for Feb. 20, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $49.75 Oklahoma Sour: Sunoco Inc. — $37.75...

Business

Briefs for The Oklahoman's Business cover on Feb. 20, 2020

Devon boosts dividend Devon Energy announced this week its board of directors is boosting the company’s quarterly stock...

Business

Enable Midstream Partners lowered its fourth-quarter net income to account for expected slowdown in Anadarko Basin

Enable Midstream Partners said lowered forecasts for cash flow, commodity prices and expected productivity from customers...

Business

Drink it up: Oklahoma Water Resources Board adopts rules allowing for 'marginal' water production to benefit oil and gas industry now and potentially ease...

Oklahomans are about to gain access to additional groundwater that can be used for industrial, commercial, agricultural and (to...

Business

Devon Energy posts $642 million fourth quarter net loss tied to sale of natural gas asset but grows oil production

Devon highlighted growing oil production rates and announced it expects to see per-share growth during the coming year as it...

Business

Oklahoma business briefs for Feb. 19, 2020

AFR/OFU Cooperative adopts ag policies Members of American Farmers & Ranchers/Oklahoma Farmers Union elected board members...

Business

Oklahoma oil prices and drilling report for Feb. 19, 2020

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $48.50 Oklahoma Sour: Sunoco Inc. — $36.50...

Business

Lesser Prairie Chicken program undergoing changes

The Western Association of Fish and Wildlife Agencies promotes the region’s outdoorsman lifestyle. It also helps manage various...

Business

Oklahoma oil prices and drilling report for Feb. 15, 2020

Oklahoma crude oil prices as of 5 p.m. Friday: Oklahoma Sweet: Sunoco Inc. — $48.50 Oklahoma Sour: Sunoco Inc. — $36.50...

Business

Oklahoma business briefs for Feb. 14, 2020

Love’s Travel Stops opens three new locations Love’s Travel Stops & Country Stores has opened three new stores, including...

Business

Oklahoma oil prices and drilling report for Feb. 14, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $48 Oklahoma Sour: Sunoco Inc. — $36 Oklahoma...

Business

Chesapeake Energy stock settles at lowest value in 26 years Thursday

The stock for Oklahoma-based Chesapeake Energy closed at its lowest value in 26 years on Thursday at 48.5 cents a share. The...

Business

Laredo Petroleum posts net losses for quarter, year

TULSA — Laredo Petroleum’s top executive declared its efforts to reward investors a success on Wednesday as the company...

Business

Deepwater Horizon's oil spill worse than thought

The spread of oil from the Deepwater Horizon disaster in the Gulf of Mexico was far worse than the current estimate, new...

Business

Oklahoma business briefs for Feb. 13, 2020

Advertising club accepting nominations for honors Advertising club Ad 2 OKC has opened nominations for the 2020 Young...

Business

Oklahoma oil prices and drilling report for Feb. 13, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $47.75 Oklahoma Sour: Sunoco Inc. — $35.75...

Business

Guardrails go up at deadly bridge

A company hired by Oklahoma City has already installed guardrails on the south side of a concrete bridge where four people have...

Business

Southern Power energizes Ouachita Mountains wind farm in southeastern Oklahoma

Wind energy has made its way deep into the heart of Oklahoma’s Little Dixie. On Tuesday, Southern Power announced that its...

Business

Oklahoma oil prices and drilling report for Feb. 12, 2020

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $46.50 Oklahoma Sour: Sunoco Inc. — $34.50...

Business

Legislators propose measure to promote the use of solar as an alternative energy source in Oklahoma

Bills before Oklahoma legislators this session propose to define relationships between utility customers, companies that sell...

Business

Oklahoma oil prices and drilling report for Feb. 11, 2020

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $46 Oklahoma Sour: Sunoco Inc. — $34 Oklahoma oil...

Business

Tank failure reported early Saturday at Chesapeake well in the Eagle Ford Shale field

Chesapeake Energy Corp. said Monday it is investigating a tank failure early Saturday at one of its producing locations in...

Business

Oklahoma City oilman fined $100,000 for lying to the FBI

A longtime Oklahoma City oilman known for helping others was fined $100,000 Monday for making a false statement to the FBI....

Business

Adam Wilmoth: Oil prices tumble on virus, trade fears

Oil prices tumbled again this week as the quarantine of more than 50 million people in central China and other effects of the...

Business
Video

Crude awakening: Oklahoma City office market doesn't have the energy to recover anytime soon

Oklahoma City is still wounded from the swoon in crude oil prices five years ago, and with dark clouds still lowering over the...

Business

Oklahoma business briefs for Feb. 8, 2020

Gulfport board augmented Gulfport Energy Corp. announced on Friday it has appointed Valerie Jochen to its board. Jochen has...

Business

Cover brief for The Oklahoman Business section on Feb. 8, 2020

Oklahoma rig count declines by three Baker Hughes reported Friday that the number of rigs drilling for oil and natural gas fell...

Business

NGL Energy Partners posts net income results for its third quarter

TULSA — NGL Energy Partners on Thursday posted a positive third-quarter net income for its 2020 fiscal year as its leadership...

Business

Matrix swings to loss on year-over-year results for second quarter

TULSA — Matrix Service Co.’s second-quarter earnings for fiscal 2020 swung to a loss year-over-year after taking some non-cash...

Business

Oklahoma oil prices and drilling report for Feb. 7, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $47.50 Oklahoma Sour: Sunoco Inc. — $35.50...

Business

Oklahoma hires vendor to help it update its energy assurance plan

Oklahoma is the third-most disaster prone state in the nation. That comes from the U.S. Federal Emergency Management Agency,...

Business

Oklahoma oil prices and drilling report for Feb. 6, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $47.25 Oklahoma Sour: Sunoco Inc. — $35.25...

Business

Oklahoma business briefs for Feb. 6, 2020

NORMAN Sooner HR Society meeting to cover employment law February’s meeting of the Sooner HR Society will focus on federal and...

Business

Panhandle Oil and Gas reports lower first-quarter net income, year-over-year

Lower production rates and lower commodity prices impacted first-quarter earnings for Panhandle Oil and Gas, the company...

Business

Chesapeake, others face more legal action after fatal well blowout and fire in the Eagle Ford Shale field

The daughter of a worker who died because of a fire at a Chesapeake Energy well in Texas on Jan. 29 seeks more than $1 million...

Business

Oklahoma business briefs for Feb. 5, 2020

EDMOND Westlake Ace Hardware in Edmond relocates Westlake Ace Hardware's store at 821 . Danforth in Edmond soon is relocating...

Business

SandRidge announces plan to cut more than half of remaining OKC workers

SandRidge Energy announced Tuesday it plans to lay off more than half the workers it still has in Oklahoma City. Notifications...

Business

Oklahoma Academy evaluates Oklahoma's role as an energy leader and makes recommendations to state leaders

Undoubtedly, Oklahoma is an energy leader. But more should be done to keep Oklahoma in a leading role by creating programs and...

Business

Oklahoma oil prices and drilling report for Feb. 5, 2020

Oklahoma crude oil prices as of 5 p.m. Tuesday: Oklahoma Sweet: Sunoco Inc. — $46 Oklahoma Sour: Sunoco Inc. — $34 Oklahoma oil...

Business

Chesapeake announces third fatality in Texas well accident

A third worker has died after a fire at a Chesapeake Energy well in Texas on Wednesday, the company reported Monday morning....

Business

Oklahoma oil prices and drilling report for Feb. 4, 2020

Oklahoma crude oil prices as of 5 p.m. Monday: Oklahoma Sweet: Sunoco Inc. — $46.50 Oklahoma Sour: Sunoco Inc. — $34.50...

Business

Operators of vertical wells hold pre-session briefing for Oklahoma legislators

A group representing Oklahoma vertical well operators are reminding Oklahoma House and Senate members they continue to back...

Business

Oklahoma business briefs for Feb. 4, 2020

TULSA H&P announces results Helmerich & Payne earned a net income of about $30.6 million, or 27 cents per share, on...

Business

Ovintiv briefs analysts on Anadarko results after a year

One of Oklahoma’s largest Anadarko Basin operators told analysts it has no complaints about the basin’s 2019 results....

Business

Adam Wilmoth: Energy company bankruptcies surged in 2019

2019 was a rough year for the oil and natural gas industry. Even as oil and natural gas production hit record highs both in...

Business

The Oklahoman business cover briefs for Feb. 1, 2020

Oklahoma rig count stable Baker Hughes reported Friday that the number of rigs drilling for oil and natural gas remained...

Business

Chesapeake Energy reports second contractor's death after Eagle Ford Shale well accident

A second worker has died after a fire at a Chesapeake Energy well in Texas on Wednesday, the company reported Friday...

Business

Oklahoma oil prices and drilling report for Feb. 1, 2020

Oklahoma crude oil prices as of 5 p.m. Friday; Oklahoma Sweet: Sunoco Inc. — $48 Oklahoma Sour: Sunoco Inc. — $36 Oklahoma oil...

Business

Megallan Midstream reports weaker net income for fourth quarter, year over year

TULSA — Market-to-market commodity-related adjustments pushed Magellan Midstream Partners’ net income lower in the final...

Business

Oklahoma oil prices and drilling report for Jan. 31, 2020

Oklahoma crude oil prices as of 5 p.m. Thursday: Oklahoma Sweet: Sunoco Inc. — $48.50 Oklahoma Sour: Sunoco Inc. — $36.50...

Business

Deadly fire at Chesapeake well extinguished, company reports Thursday

A fire at a Chesapeake Energy well that left one worker dead and at least three others hurt was out before sundown on...

Business

Why did deadly OKC bridge not get fixed?

The crosses at the base of a bridge in northeast Oklahoma City bear witness to a sad truth about this lonely spot in the road....

Business

Oklahoma business briefs for Jan. 30, 2020

Crop grants available Funding opportunities aiming to enhance the specialty crop industry within the state are now available,...

Business

Oklahoma oil prices and drilling report for Jan. 30, 2020

Oklahoma crude oil prices as of 5 p.m. Wednesday: Oklahoma Sweet: Sunoco Inc. — $49.75 Oklahoma Sour: Sunoco Inc. — $37.75...

Business

Mach Resources, partner, pick up valuable assets in the STACK through bankruptcy sales

Assets belonging to bankrupt players in Oklahoma’s STACK play are being acquired for $320 million by Tom Ward’s Mach Resources...

Business

Chesapeake Energy outlines fourth-quarter oil production gain and cost decline

Chesapeake Energy Corp. officials said Wednesday the company nudged oil production higher and held costs in check during the...