Oklahoma

Oil & Gas

Firm is one step away from capping Oklahoma gas blowout

Oklahoma exploration and production Devon Energy is one step away from capping a blowout at a natural gas well that has prompted authorities to seal off thousands of acres of land near the Eagle Ford Shale towns of Yorktown and Nordheim.

Americas

Five declared dead in Oklahoma rig explosion

Five workers are presumed dead, including one Texan, after an explosion ripped through a drilling rig in Oklahoma, triggering the nation's deadliest oil and gas incident in several years.

Promoted

Event: Preparing for the future of energy – thriving in complex and uncertain times

The Price College of Business Energy Institute at the University of Oklahoma will host its fifth annual Energy Symposium, March 30, 2017, at the Devon Energy Center in Oklahoma City. The event will feature two panel sessions: “Forces Shaping the Future of Energy – Global and U.S. Big Picture” and “Challenges and Opportunities in the U.S.” The sessions will focus on the impact of technology and innovation in areas such as global supply and demand. Speakers from areas in business and academia will encourage discussion on challenges facing the energy industry. Energy Institute board of advisors members, Mike Stice and Bruce Stover, will moderate both panel sessions.

Oil & Gas

Chesapeake said to weigh sale of assets in Oklahoma stack region

Chesapeake Energy Corp. is weighing a sale of some of its holdings in an oil-soaked patch of shale in Oklahoma known as the Stack, as the natural gas giant unloads assets to pay down debt, according to people familiar with the matter. The Oklahoma City-based company recently interviewed advisers to oversee a potential sale, said the people, who asked not to be identified because the matter isn’t public. It has also held informal talks with potential buyers, they said.

Other News

Oil flows east, leaving an Oklahoma pipeline unusually empty

A pipeline to America’s largest crude-oil hub is about to find itself in an unfamiliar position: not full. One of the main pipelines that carries crude to Cushing, Oklahoma, will run at less than capacity in December for the first time in nearly two and a half years. The drop in supply coincides with the opening of a pipeline to Quebec, giving shippers the option of diverting some oil from the middle of the U.S. “There will be less light sweet crude available to make its way to Cushing,” said Andy Lipow, president of Lipow Oil Associates LLC in Houston. “There’s going to be some significant rebalancing of where oil flows in North America.”