OklahomaMinerals.com
Oil & Gas News
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2.1KOil’s 2019 Milestones Tell Decade’s Story of Energy Abundance
(Bloomberg) — Global oil markets notched up a number of milestones this year that echoed the story of the past decade: the...
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Oil industry looks forward to more mergers—and more bankruptcies
KEY POINTS In the past decade, U.S. oil production has grown dramatically, leapfrogging Saudi Arabia and Russia, but with that quick growth...
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New data reveals flaring surges nationwide, declines in Wyoming
Across the country, energy operators are flaring or venting more natural gas at power plants on average each day than ever before....
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Houston Bankruptcy Court Holds Midstream Gathering Agreements Cannot Be Rejected As Executory Contracts
THE DISPUTE By: K&L Gates – On November 8, 2019, Alta Mesa Resources, Inc. (“Alta Mesa”) and Kingfisher Midstream, LLC (“Kingfisher”)...
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Superior Energy Services latest casualty of hydraulic fracturing market downturn
Reuters – Oilfield service company Superior Energy Services Inc. on Monday said it will shutter its hydraulic fracturing unit, the second supplier...
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Fracking safely in Nevada for decades
By Kathleen Sgamma – Las Vegas Review Journal – Perhaps Nevada’s small oil and natural gas industry has been out-of-sight, out-of-mind for...
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Saudi Aramco hits Crown Prince’s $2 trillion goal despite valuation doubts
Bloomberg – Saudi Aramco shares surged after the oil producer’s initial public offering, valuing the company at a record $2 trillion in the culmination...
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Continental Resources Founder Hamm to Step Down as CEO
Reuters – Legendary U.S. oilman Harold Hamm, who once called the Organization of the Petroleum Exporting Countries a “toothless tiger,” will step...
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Chevron, Facing Fossil Fuels Glut, Takes $10 Billion Charge
Christopher M. Matthews and Rebecca Elliot – Wall Street Journal – Chevron Corp. is writing down the value of its assets by more than...
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Texas oil and gas regulator sued over flaring decision
Randy Diamond – San Antonio Express-News – Texas oil and gas regulators have granted almost 30,000 permits to burn natural gas into...
