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Two oil companies to reimburse $5M to Oklahoma

OKLAHOMA CITY — Two oil companies will reimburse the state $5 million total as part of a settlement approved unanimously by Oklahoma Commissioners of the Land Office this week. The Land Office manages mineral rights on more than 1 million acres of state-owned land where an estimated 6,000 oil and gas wells are located, The Oklahoman reported. Most oil companies ...

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Refracking brings ‘vintage’ oil and gas wells to life

Anna Driver and Ernest Scheyder | Reuters NORTH DAKOTA Aug 20 – A fracking boom isn’t enough for U.S. oil and gas producers – they’re now starting the re-fracking boom. Wells sunk as little as three years ago are being fracked again, the latest innovation in the technology-driven shale oil revolution. Hydraulic fracturing, which has upended global energy markets by ...

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