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  • FourPoint Energy buying well assets for $840 million Wednesday, 1 Jul 2015 | 6:45 PM ET

    NEW YORK— FourPoint Energy LLC will buy oil and gas assets from Chesapeake Exploration LLC and CHK Cleveland Tonkawa LLC for about $840 million. The sellers are subsidiaries of Oklahoma City- based Chesapeake Energy Corp.. The assets involved in the deal include an interest in about 1,500 producing wells primarily in the Cleveland, Tonkawa and Marmaton...

  • July 1- U.S. crude oil futures' discount to Brent, one of the biggest plays in oil, widened to more than $5 a barrel for the first time in three weeks on Wednesday after U.S. government data showed a surprise inventory build. "The bottom line is the overall U.S. stock build is weighing on heavily on WTI, and the Cushing build is adding to that," said Tariq Zahir, an oil trader and...

  • NEW YORK, July 1- U.S. crude oil inventories rose last week for the first time since April, while gasoline stocks decreased unexpectedly, data from the Energy Information Administration showed on Wednesday. "The crude build was definitely a surprise as was the Cushing build," said Tariq Zahir, managing member at Tyche Capital Advisors in Laurel Hollow, New York.

  • *OPEC output rises to three-year high. LONDON, July 1- Oil fell to trade further below $63 a barrel on Wednesday after U.S. crude inventories unexpectedly rose, the latest sign of a supply glut that may increase if Iran reaches a nuclear deal with world powers. "The oil market is being literally flooded with OPEC crude oil at present," said Carsten Fritsch, analyst at...

  • Oil prices drop after Greece defaults on IMF payment Tuesday, 30 Jun 2015 | 8:46 PM ET

    *Greece not able to repay 1.6 bln euros owed to IMF. SINGAPORE, July 1- Oil prices fell in early trading on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund. Greece, as expected, was not able to repay 1.6 billion euros it owed to the IMF, in what was the largest missed payment in the Fund's history.

  • WASHINGTON, June 30- An Oklahoma woman who was injured when an earthquake rocked her home in 2011 can sue oil companies for damages, the state's highest court ruled on Tuesday, opening the door to other potential lawsuits against the state's energy companies. Oklahoma, home to major energy companies including Chesapeake Energy Corp., Devon Energy Corp., and...

  • An Oklahoma woman can pursue a jury trial after she was injured when her fireplace crumbled in an earthquake she claims was caused by saltwater waste pumped into the ground, the Oklahoma Supreme Court ruled Tuesday. Tuesday's decision overturns a lower court judge's ruling in the case of Sandra Ladra, whose knee was injured Nov. 5, 2011, during a 5.0 magnitude...

  • WASHINGTON— Trading sharp words, a deeply divided Supreme Court upheld the use of a controversial drug in lethal-injection executions Monday, even as two dissenting justices said for the first time they think it's "highly likely" the death penalty itself is unconstitutional. In the dispute over the lethal-injection drug, midazolam was used in Arizona, Ohio and...

  • SACRAMENTO, Calif.— Travelers easily whiz from city to city on high-speed trains in many parts of South America, Asia and Europe. Since the first high-speed lines began operating more than 50 years ago in Japan, they have become an essential part of transportation worldwide. "The challenge in America is the scale of America," said Robert Eckels, chief executive of the...

  • SACRAMENTO, Calif.— Travelers easily whiz from city to city on high-speed trains in many parts of South America, Asia and Europe. Since the first high-speed lines began operating more than 50 years ago in Japan, they have become an essential part of transportation worldwide. "The challenge in America is the scale of America," said Robert Eckels, chief executive of the...

  • CHICAGO— Throughout the country, relief was the dominant emotion among consumers who get help from the government to lower their health insurance costs following Thursday's Supreme Court ruling upholding the subsidies underpinning President Barack Obama's health care overhaul. I didn't vote for him, "said Salt Lake City resident Paige Preece, whose...

  • From June 17 to 24, there have been 35 earthquakes of magnitude 3.0 or greater in the state, according to the Oklahoma Geological Survey. Particularly worrying for regulators, some of the recent quakes occurred in the Oklahoma City metropolitan area, where there are no high-volume wastewater injection wells. Drillers were ordered by the Oklahoma Corporation...

  • Republicans controlling Congress have moved to exempt the Pentagon from sequestration by using an accounting loophole to add almost $40 billion to its budget. The GOP bill would provide almost $15 billion less than requested by President Barack Obama for the departments of Labor, Health and Human Services, and Education and cuts almost $4 billion from...

  • NEW YORK— Federal prosecutors and lawyers for injured inmates have reached an agreement with the city to curb widespread violence and other problems that have plagued the Rikers Island jail system for years, according to court papers filed Monday. Attorney Preet Bharara joined a class action lawsuit filed by The Legal Aid Society and other lawyers claiming...

  • Sonic misses 3Q profit forecasts Monday, 22 Jun 2015 | 4:26 PM ET

    OKLAHOMA CITY _ Sonic Corp. on Monday reported fiscal third-quarter earnings of $20.4 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Seven analysts surveyed by Zacks expected $163.4 million.

  • *Genscape reports near 2 mln barrel Cushing draw on week- sources. Brent crude settled up 32 cents, or 0.5 percent, at $63.34 a barrel, after falling almost $1 earlier. U.S. crude closed up 7 cents, or 0.1 percent, at $59.68 a barrel, as its front-month July contract expired and went off the board after losing nearly 70 cents at one point.

  • White House: Action needed now to slow climate change Monday, 22 Jun 2015 | 12:32 PM ET

    The report comes as Republicans in Congress seek to undo the administration's environmental policies, including an expected plan by the EPA to target coal-fired power plants, and days after Pope Francis issued a stern warning about global warming's consequences, especially for the poor and underdeveloped nations. The White House report is part of a...

  • *Genscape reports near 2 mln barrel Cushing draw on week- sources. NEW YORK, June 22- Crude oil futures fell for a second straight session on Monday on concerns that U.S. demand for gasoline may fade after a strong stretch and in worries about the potential fallout from the Greek debt crisis. But there's concern we may have overproduced gasoline lately, just like how...

  • DALLAS— The Williams Cos. rejected a $48 billion buyout offer from Energy Transfer Equity, but said that it may still put the natural-gas pipeline company up for sale. Its stock jumped 26 percent to $60.86 on Monday. Energy Transfer Equity LP, of Dallas, says it's made multiple attempts over the last six months to negotiate with Williams' senior management.

  • *Market intelligence firm Genscape reports Cushing draws. NEW YORK, June 18- Oil prices settled up for a third straight day on Thursday, boosted by a slipping dollar and reports that data showed a draw in crude this week at Cushing, Oklahoma, the delivery point for U.S. crude futures. On Wednesday, the U.S. Energy Information Administration also cited the first weekly...