November 25, 2016 archive

Baker Hughes Rig Count Adds 5 Nationally while Oklahoma is Unchanged

  The Baker Hughes rig count, released early due to the Thanksgiving holiday showed a national increase of 5 rigs to reach 593 while the count in  Oklahoma remained unchanged at 79. In the past week, the national count added three oil rigs to reach 474 while the number of gas rigs grew by two …

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Crude Oil Futures End Lower on Wednesday Despite Drop in Supply Inventory

Despite a decline in domestic crude supplies, oil futures finished slightly lower on Wednesday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude fell by 7 cents, or 0.2%, to settle at $47.96 a barrel. On London’s ICE Futures Exchange, January Brent crude, the global benchmark, lost 17 cents, or …

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Chaparral Announces Founder/CEO Retirement, Path to Emerge from Bankruptcy

Oklahoma City-based Chaparral Energy LLC has cleared the way with its lenders to emerge from bankruptcy. The company also announced the retirement of Mark Fischer, Chaparral’s founder and CEO, according to a report by The Oklahoman. The agreement — which requires approval by the bankruptcy court — would convert $1.2 billion in outstanding debt to …

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Williams Refreshes Board With Election of Eight New Members

Shareholders of the Williams Companies elected all of the nominees on the ballot for the company’s board of directors to one-year terms at the company’s 2016 annual meeting held on Wednesday, according to a report by The Tulsa World. The five new board members include Stephen Bergstrom, former president and CEO of general partner American …

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