Oil prices low; drilling continues

Ponca City Now - May 11, 2015 9:14 am

OKLAHOMA CITY (AP) – Oklahoma energy companies are still drilling in spite of low oil prices, but they are putting off costly completion practices like hydraulic fracturing until prices recover.

The Oklahoman reports that drilled uncompleted wells are a new trend in the oil patch, led both by lower oil prices and the drastic technological and procedural changes the industry has experienced over the past decade.

 

Latest Stories

Ancient tablet acquired by Hobby Lobby going back to Iraq

WASHINGTON (AP) — It was looted from an Iraqi museum 30 years ago. Now, a 3,500-year-old...

Oklahoma higher education regents announce new chancellor

OKLAHOMA CITY (AP) — The Oklahoma State Regents for Higher Education have announced that the president...

Stitt calls special session for redistricting

OKLAHOMA CITY (AP) — Oklahoma Gov. Kevin Stitt has called a special session of the Legislature...