While Oklahoma oilman Harold Hamm continues predicting $60 oil by the end of the year, there are others in the industry who disagree. One of them is Todd Gordon of TradingAnalysis.com who contends prices won’t hit $50 let alone the $60 that Hamm contends will be reached. It’s what he recently told CNBC’s “Trading Nation.” …
Six years after an oil spill in Michigan and Enbridge believes it will be hit with $62 million in fines from the federal government. The company said in a filing this week with the Securities and Exchange Commission that $55 million will come from penalties under federal water law. The spill happened in 2010 when …
“We’re going to fight.” The vow from an oil and gas spokeswoman in Colorado over efforts to hold a statewide vote on constitutional amendments to restrict oil and gas drilling in the state. Karen Crummy is with the group called Protecting Colorado’s Environment, Economy and Energy Independence and responded after the Colorado Supreme Court ruled …
Devon Energy Corp. posted narrower losses for its first quarter on Tuesday, helped in part by a 36% decline in expenses as the oil and gas producer responded to depressed energy prices with a deep cut of its workforce according to The Wall Street Journal. During the three-month period ended in March, the Oklahoma City-based company …
Driven by increasing crude oil prices, the most recent Oklahoma Energy Index is holding steady after nine months of decline. The Oklahoma Energy Index, a measure of oil and natural gas industry activity, stood at 159.1 using data collected in March, a 0.3 percent decrease from the previous month’s reading. The modest decline marks the …
Tulsa’s ONEOK Inc. on Tuesday reported profits of $83.4 million for the first quarter, or 40 cents a share in the first quarter, up roughly 37 percent compared to $60.8 million, or 29 cents a share earned for the same period a year ago. Tulsa pipeline company, ONEOK Partners LP, which owns one of the …
Oil futures fell for a third straight session Tuesday, pressured by renewed fears of a global supply glut triggered in part by reports that OPEC production rose in April, according to Bloomberg MarketWatch. West Texas Intermediate crude for June delivery on the New York Mercantile Exchange fell $1.13, or 2.5%, to settle at $43.65 a …
PITTSBURG COUNTY Petroquest Energy Llc Woodford(8237): Gas 7411 Water 953 Flow 13 7N 17E Cable 2-13h, November 18, 2015 HH, GAS, TD: 12981 ft Lat: 35.07375, Long: -95.46704 API: 35121247550001 Petroquest Energy Llc Woodford(8339): Gas 8283 Water 1557 Flow 13 7N 17E Cable 3-24h, November 19, 2015 HH, GAS, TD: 13421 ft Lat: 35.07375, Long: …
Beckham County MCCURRY #3-21HB, May 03 2016 21 11N 25W SESESESW API: 00921978 Lat: 35.40841728779909, Long: -99.85042664097148 FOURPOINT ENERGY LLC HH, DR, 16984 ft, MO’AN (UP GRANITE WASH)(11705) Carter County WHEELER #155, May 03 2016 04 2S 2W NWSESWSW API: 01926219 Lat: 34.406556876280646, Long: -97.41957411937837 KODIAK OIL & GAS INC SH, DR, 2000 ft, HOXBAR(1300), …
A Chesapeake Energy Corporation subsidiary laid off 98 employees on Tuesday as part of the continued oil and natural gas industry slowdown. Oklahoma City-based Compass Manufacturing L.L.C. designs, manufactures, installs and sells natural gas compressor equipment. The company was formed in 2007 to supply Chesapeake Energy Corporation and MidCon Compression with natural gas production equipment, …
