June 3, 2018 archive

New Earthquake Study in Oklahoma Reveals Ancient Faults Might be at Play

The U.S. Geological Survey announced that magnetic measures made during low-altitude airplane flights revealed possible deep faults might contribute to increased earthquake activity in Oklahoma and as a response to wastewater injection some parts of the state. The flights were conducted for the USGS and the Oklahoma Geological Survey and were made from August through …

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OSU Grad gets major promotion at ExxonMobil

Oklahoma State University graduate Neil Hansen has been named a vice president of Exxon Mobil Corporation following this week’s retirement of Jeff Woodbury, vice president of investor relations and secretary. Woodbury retired after 35 years of service and Hansen, the downstream controller was elected by the board of directors as Woodbury’s successor. The promotion for …

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Record Oil Production in March in Oklahoma

March turned out to be a record oil production month in  Oklahoma as 16.8 million barrels of crude oil were pumped in the month. The U.S. Energy Information Administration indicated the previous high on record was 16.4 million in January. The record production goes hand-in-hand with the number of oil rigs in the state.

Rig Count Grew in Oklahoma in the past week

The number of oil and gas  rigs increased in both Oklahoma and the nation over the past week, reaching 142 in the state and 1,060 in the U.S. Information from Baker Hughes Co. and the Independent Oil and Gas Association based in Wichita, Kansas showed the nation’s rig count went up by one. Oklahoma’s rig …

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