Category: Oil & Gas

ONEOK Invests $1.4 Billion in Elk Creek Pipeline in Rocky Mountains

Tulsa-based ONEOK, Inc. will invest approximately $1.4 billion to construct a new pipeline to transport natural gas liquids (NGLs) from the Rocky Mountain region to the company’s existing Mid-Continent NGL facilities, according to a company press release issued on Thursday. The Elk Creek Pipeline will span nearly 900-miles via a 20-inch diameter pipeline. The project is expected …

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WTI, Brent Crude Continue Climb on Thursday

Crude oil prices finished higher on Thursday, largely in part to a big drop in domestic inventory, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate crude added 38 cents, or 0.6%, to settle at $62.01 a barrel, marking the highest futures settlement since December of 2014. February Brent crude, the global …

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New Mexico Capitalizes on Permian Basin Energy Operations, Surge in State Revenue

Need further proof that the nation’s energy sector is improving? Look no further than the Land of Enchantment. That’s largely due to massive pumping operations in the Permian Basin. According to the state’s oil and gas association, New Mexico surpassed Oklahoma and California in September and October to become the third-largest producer in the nation. …

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ALJ Splits Decision on Grady County Well Site Safety Citations

An Occupational Safety and Health Review Commission administrative law judge issued a final order on Friday partially affirming a safety citation against an Oklahoma energy company while vacating another, according to a Wednesday news report by Business Insurance. The decision against Elk City-based Bronco Oilfield Services Inc. stems from a January 2016 regional inspection of …

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Donnie Moore Named as New COO for Gulfport Energy Corporation

A new Chief Operating Officer has been named at Gulfport Energy Corporation in Oklahoma City, according to a company press release issued on Tuesday. Donnie Moore will take over his new duties effective January 8, 2018. Moore joins Gulfport from Noble Energy, Inc., where he most recently served as Vice President of Noble’s Texas operations …

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4Q Results to be Released Feb 2 by Phillips 66

Phillips 66 with its heavy interest in Oklahoma plans to announce its fourth quarter 2017 financial results in a little more than one month. Executive management will host a conference call at 11 a.m.on Friday, Feb 2, 2018 to discuss the results which will be released earlier in the day. They will also provide an …

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LINN Energy Unloads Some Oklahoma and Texas Properties

The Oklahoma Waterflood and Texas Panhandle properties of LINN Energy Inc. have been sold in a $122 million agreement with ah undisclosed buyer. The sale, still subject to closing agreements involves 179,000 net acres in Oklahoma and Texas with third quarter net production of nearly 5,200 BOE/d. It also involves proved developed reserves of  22.8 …

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STACK Targeted With More Drilling Permits

Oklahoma’s STACK oil play continues to be the target of some of the hottest drilling exploration. A listing of Permits to Drill released by the Oklahoma Corporation Commission reveals 7 more permits for Blaine County, 10 in Canadian County and 7 in Kingfisher County. Those three are the primary counties that make up the popular …

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Viking Energy Wraps Up Another Acquisition

  Viking Energy Group, based in New York has finished another acquisition of an oil and gas company in the U.S. It was in early November when Viking announced it was acquiring the assets of a privately-owned company involving multiple oil and gas fields across Texas, Louisiana and Mississippi. The production totaled 350 BOE/d. The …

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$765 million Eagle Ford Asset Sale Announced

One of the latest south Texas oil and gas deals involves the $765 million sale of Eagle Ford shale holdings by Cabot Oil and Gas Corp. It’s selling 65,100 operated and 9,400 nonoperated acres to an affiliate of Venado Oil and Gas LLC of Austin. The holdings are located in the South Texas counties of …

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