May 2, 2017 archive

OKOGA Study Favors Long Lateral Horizontal Rigs Over Vertical Wells

A new study commissioned by the Oklahoma Oil and Gas Association found each active long lateral horizontal drilling rig running in Oklahoma at full capacity generates an average of $195.6 million in direct and indirect economic benefits over the course of a year, according to a press release issued by the OKOGA on Monday. Dr. …

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Wind Coalition Groups Trade Competing Ads Over Tax Credits, Impact on Revenue

Although legislation was signed last month by Governor Mary Fallin to end the zero-emissions tax credit on July 1, wind energy advocates are not signaling defeat. Instead, one group is gearing up for an all-out war that will play out through the local media, according to a report by The Oklahoman. Following a spate of …

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WTI, Brent Crude and Natural Gas Settlements Collapse on Monday

Oil prices settled at their lowest finish in nearly five weeks on Monday as traders remained uncertain that OPEC’s production curb would offset rising domestic crude output, according to Bloomberg MarketWatch. June West Texas Intermediate crude fell 49 cents, or 1%, to settle at $48.84 a barrel on the New York Mercantile Exchange. WTI prices lost …

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