February 1, 2016 archive

China Ruins Crude Price Rally on Monday

Signals of a weakening Chinese economy halted the crude oil price rally on Monday. March West Texas Intermediate crude dropped $2 to end trade at $31.62 a barrel on the New York Mercantile Exchange. On the London ICE Futures Exchange, April Brent crude…

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Magellan Midstream and Partner Extend Pipeline Offering

Magellan Midstream Partners and one of its Houston based partners are extending the open season on its 50/50 owned BridgeTex Pipeline. Magellan and Plains All American Pipeline are planning to build a new pipeline origin point in Grimes County, Texas. …

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Completion Reports February 2 2016

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Permits to Drill February 2 2016

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Governor Lays out Budget Plan hurt by Oil and Gas Downturn and Makes No Menton of What to Do t

In a speech marked by references to the “damaged” oil and natural gas sector and calls for “rolling up our sleeves and doing the hard work,” Governor Mary Fallin on Monday said nothing about the state’s growing problems of earthquakes and wastewater in…

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Bankruptcies Expected to Grow Among Oil and Gas Companies

It might be a case of waiting for the other shoe to drop. First oil prices plunged then some 42 firms filed for bankruptcy last year across the country. In Oklahoma, SandRidge Energy is at the top of the list of those speculating or betting on w…

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Bankruptcies Expected to Grow Among Oil and Gas Companies

It might be a case of waiting for the other shoe to drop. First oil prices plunged then some 42 firms filed for bankruptcy last year across the country. In Oklahoma, SandRidge Energy is at the top of the list of those speculating or betting on which c…

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Oklahoma and Louisiana Very Much Alike in Dealing with Oil and Gas Downturn Impact

While Oklahoma government leaders grapple with a budget hole of an estimated $1.1 billion, the state of Louisiana has an even bigger budget hole of $1.9 billion. Both states are suffering because of the massive downturn in the oil and gas indust…

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Oklahoma and Louisiana Very Much Alike in Dealing with Oil and Gas Downturn Impact

While Oklahoma government leaders grapple with a budget hole of an estimated $1.1 billion, the state of Louisiana has an even bigger budget hole of $1.9 billion. Both states are suffering because of the massive downturn in the oil and gas industry. B…

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Bankrtupcies Expected to Grow Among Oil and Gas Companies

It might be a case of waiting for the other shoe to drop. First oil prices plunged then some 42 firms filed for bankruptcy last year across the country. In Oklahoma, SandRidge Energy is at the top of the list of those speculating or betting on w…

Continue reading »