Both the U.S. and Oklahoma saw big jumps in rig counts in the past week according to figures released by Baker Hughes. Oklahoma’s count jumped by four to reach 136. A year ago, the state had only 59 working oil and gas rigs. Nationally, the count grew by 12, reaching 952 active rigs. The nation’s …
July 9, 2017 archive
Crude Oil Futures Dive on Friday as Rig Count and Production Rise
Crude prices plunged on Friday resulting in a loss of nearly 4% for the week, as a rise in domestic oil production and an uptick in the active rig count troubled investors, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude fell $1.29, or 2.8%, to settle at $44.23 a …
Quinn Files Appeal Over District Court Decision Ruling Note Forged in McClendon Estate
Last November, OK Energy Today reported on the $500,000 claim filed by retired Tulsa businessman Thomas Quinn against the estate of Oklahoma City oil mogul Aubrey McClendon. Oklahoma County District Court Judge Patricia Parrish granted a motion for summary judgment last month against Quinn in the matter. Quinn is striking back by filing a petition …