Diamond Pipeline LLC and Clarksville Light and Water Co. announced Wednesday that a $6.6 million deal has been finalized to protect drinking water sources from potential spills, according to an Arkansas Online report. Diamond Pipeline will place $6.6 million in escrow to extend a pipe that feeds a Johnson County, Arkansas water intake facility so …
Two men are facing felony charges of larceny of oilfield equipment and transporting a loaded firearm after allegedly taking batteries and solar panels from an oilfield site in Grady County, according to a Chickasha News report. Colton Robbins of Lindsay and Travis Bunch of Nowata were arrested on charges of larceny of the oilfield equipment, …
Oklahoma City-based Continental Resources, Inc. will sell a portion of its non-strategic properties in North Dakota and Montana to an undisclosed buyer for $222 million, according to an announcement issued by the company on Thursday. The sale includes 68,000 acres of leasehold primarily in western Williams County, North Dakota, with 12,000 acres in Roosevelt County, …
The highly coveted STACK and SCOOP areas have caught the interest of an Austin, Texas independent oil and natural gas company with ties to Oklahoma’s storied past. Jones Energy, Inc. announced on Thursday that it signed a definitive purchase and sale agreement to acquire approximately 18,000 acres primarily in southern Canadian and northern Grady counties …
As was announced on our Completion Reports for Wednesday, Continental Resources recently completed the Madeline well in Section 9-16N-12W of Blaine County. The Madeline, which is two miles west of Watonga and two miles north, produced initial production of 2513 barrels of oil and 6148 MCF’s of gas. The Madeline well narrowly nudged Continental’s previous …
Larger-than-expected declines in U.S. oil inventories buoyed the crude oil futures market on Wednesday as trading finished higher for the day, according to Bloomberg MarketWatch. September West Texas Intermediate crude rose 21 cents, or 0.5%, to end trading at $46.79 a barrel on the New York Mercantile Exchange. On London’s ICE Futures Exchange, October Brent …
After proclaiming that America’s oil industry was ‘dead in the water’ earlier this year, billionaire energy investor T. Boone Pickens has changed course and doubled down on energy investments. Energy stocks held by Dallas-based BP Capital Fund Advisors LLC rose by $55 million, or 34%, to $218 million in the second quarter, according to data …
