January 7, 2017 archive

Dana Murphy Elected as OCC’s Next Chairman Effective February 1

The Oklahoma Corporation Commission announced the election of Commissioner Dana Murphy as its new chairman and Commissioner Todd Hiett as vice chairman by unanimous vote, according to an OCC press release issued on Thursday. Murphy, a Republican, is a geologist and attorney who previously served as an OCC administrative law judge. She has served as …

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Rig Count: Canada Add 48 New Rigs While Oklahoma Adds None

Canada led the way last week with the addition of 48 new rigs while the U.S. rig count gained a total of seven, according to the Baker Hughes rig count released on Friday. Canada added 29 oil rigs and 23 gas rigs. Canada is up 38 rigs when compared with data from a year ago. …

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Tulsa’s Summit ESP Enrolled in $3.1 Million Incentive Through OK Quality Jobs Program

The Oklahoma Department of Commerce announced Wednesday that Tulsa-based oil and natural gas equipment manufacturer Summit ESP LLC has pledged to hire 148 new employees in exchange for $3.1 million in economic incentives under the Oklahoma Quality Jobs Program. Summit was one of four companies enrolled during December of 2016 under the program, which provides …

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WTI, Brent Crude Settle Higher on Friday, Natural Gas Futures Sink

Crude oil futures finished higher on Friday as all signs point to favorable compliance with OPEC’s global production curb, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate crude tacked on 23 cents, or 0.4%, to settle at $53.99 a barrel. For the week, the WTI index rose by nearly 0.5% …

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