July 10, 2022 archive

Oklahoma holds steady with rig activity while U.S. records slight gain

  Rig activity across the U.S. increased by two in the past week, reaching a total of 752 oil and gas rigs while the Oklahoma numbers were unchanged. The Baker Hughes rig report released Friday showed Oklahoma continued with 60 oil and gas rigs, the same number as the previous week. The nationwide report showed …

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Federal bank survey shows strong drilling activity planned in Oklahoma and other states

  The Kansas City Federal Reserve Bank announced a second quarter Energy Survey showed improved drilling in the region that includes Oklahoma. Results were some of the highest in 8 years. “District drilling and business activity grew faster in Q2, with additional growth expected in the next six months,” said Chad Wilkerson. Oklahoma City Branch …

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Storm left some OKC residents without power Friday night

  OG&E crews spent the weekend restoring electrical power after a Friday evening thunderstorm left thousands in the dark. OG&E crews continue to restore power today after severe weather, including lightning, strong winds and heavy rain, moved through the service area Friday causing significant damage and power outages. The company said about 1,900 customers remained …

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ONEOK schedules release date of quarterly financial report

    The second quarter 2022 earnings report of ONEOK, Inc. will be released in a few weeks. The company announced the release will be made after the market closes on Aug. 8, 2022. The next day, company executives will take part in a conference call to discuss the results. Higher NGL and natural gas …

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Shareholders to vote on Blueknight Energy merger

  Blueknight Energy Partners scheduled an August 16 meeting of shareholders to decide on the proposed merger with parent company Ergon. The meeting will begin at 10 a.m. in Tulsa for shareholders to consider and vote on the merger that was proposed in April by Ergon Asphalt & Emulsions Inc. Blueknight Energy shareholders are offered …

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Death of Oklahoma oilfield worker is probed by OSHA

  OSHA is investigating the oilfield death of a worker last week in northern Oklahoma . The employee, Jerry Pollard was found dead at the site in Major County reported KFOR TV News. Click here for News 4

More producers completed in Oklahoma’s STACK and SCOOP

  Eleven months after Marathon Oil Company completed a Blaine County well with production of nearly 1,300 barrels of oil a day, it filed a completion report with Oklahoma regulators. The J&m Bia 1510 3-30mh, located at 30 15N 10W, located 7 miles southeast of the city of Watonga was completed Aug. 9, 2021 with production of …

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Other headlines

** An Energy Transfer natural gas transmission pipeline exploded on Thursday, setting off a two-hour fire in a rural area on the west edge of Houston, according to state and local officials. The blaze was extinguished at about 12:10 p.m. CDT , according to the Texas Railroad Commission, which regulates oil and natural gas drilling and …

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Crude oil rebounded on Friday—will the gains continue?

Crude oil prices managed a 2% rebound on Friday but it’s clear that as prices finished down for the week of trading that investors remain worried about a recession. Will the rebound continue in Monday’s trading—that’s the question as we enter another week of buying and selling crude oil. Oklahoma energy stocks had something of …

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Medford gas plant explosion and fire forces evacuations

  Hundreds were evacuated Saturday when the ONEOK gas plant at Medford in northern Oklahoma caught fire, a fire that remains under investigation. Large billowing black clouds were seen coming from the plant as witnessed by Michael and Brittany Stone who captured this video. #KWCH12 pic.twitter.com/V8Cy8FbYfM ONEOK issued a statement Saturday afternoon, calling it an “incident” that occurred …

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