The most recent jobless figures released by the Oklahoma Employment Security Commission reveal a continuation of job losses among energy-related sectors during the past year. The State’s seasonally adjusted unemployment rate rose 0.1 percentage point to reach 4.8 percent for June as the energy sector, defined in the Mining, Logging and Construction industry per …
July 2016 archive
Boeing Announces “Possible Layoffs” in Oklahoma City
Aerospace industry giant, Boeing, confirmed on Friday that the company issued 60-day Worker Adjustment and Retraining Notification (WARN) layoff advisory notices to some Oklahoma City employees. Boeing currently employs around 2,500 employees in the Oklahoma City area. The layoff news follows a July 13 ceremony acknowledging 800 new local employees while dedicating a new 290,000 …
U.S. Rig Count and Inventories Expand, Sending Futures Lower on Friday
With investors worried about the oil supply glut coupled with a rise in active U.S. oil rigs, crude oil futures lost ground on Friday, according to Bloomberg MarketWatch. Marking its lowest settlement since May 9, September West Texas Intermediate crude fell by 56 cents, or 1.3%, to settle at $44.19 a barrel on the New …
Completion Reports July 25, 2016
BLAINE COUNTY Newfield Exploration Mid-con Inc Mississippian(8509): Oil 165 Gas 876 Water 2653 Pump 36 20N 11W Kc 1h-36, February 23, 2016 HH, OIL, TD: 13365 ft Lat: 36.15978, Long: -98.33375 API: 35011235490001 Newfield Exploration Mid-con Inc Mississippian(9551): Oil 1123 Gas 1239 Water 606 Pump 32 17N 10W Ruth Ann 1h-32, March 29, 2016 HH, …
Permits to Drill July 25, 2016
Blaine County DOROTHY #2H-32LM, July 22 2016 05 15N 10W SWNWNWNE API: 01123631 Lat: 35.81027644687025, Long: -98.28673831218363 NEWFIELD EXPLORATION MID-CON INC HH, DR, 15907 ft, MISS’AN (EX CHESTER)(10380), WOODFORD(11010) Blaine County DOROTHY #3H-32UM, July 22 2016 05 15N 10W SWNWNWNE API: 01123632 Lat: 35.81027644200731, Long: -98.2868057614972 NEWFIELD EXPLORATION MID-CON INC HH, DR, 15747 ft, MISS’AN …
Texas Tops the Baker Hughes Rig Count, Adding 15 Rigs
The U.S. rig count surged by 15 to 462, according to the Baker Hughes weekly rig count released on Friday. Oil rigs were up by 14 to 371, with gas rigs down by one to 88 and miscellaneous rigs up by two to three. Leading the pack with the largest gain in North America, Texas …
Inventories and Production Constrain Investors as Oil Futures Tumble on Thursday
Crude oil futures fell on Thursday as investors remained cautious due to the existing glut of domestic oil inventories as crude production wanes, according to Bloomberg MarketWatch. September West Texas Intermediate crude slid by $1, or 2.2%, to settle at $44.75 a barrel on its first full trading day on the New York Mercantile Exchange as …
Completion Reports July 22, 2016
BLAINE COUNTY Devon Energy Production Co Lp Mississippian(9291): Oil 1621 Gas 2843 Water 1632 Flow 30 16N 10W Marmot 19_18-16n-10w 1hx, June 22, 2016 HH, OIL, TD: 20704 ft Lat: 35.84021, Long: -98.29747 API: 35011235790000 Devon Energy Production Co Lp Mississippian(9291): Oil 1621 Gas 2843 Water 1632 Flow 30 16N 10W Marmot 19_18-16n-10w 1hx, June …
Permits to Drill July 22, 2016
Blaine County WILCZEK #1-22, July 21 2016 22 17N 11W NWSENWNW API: 01122842 Lat: 35.93981663827855, Long: -98.3668798255691 LINN OPERATING INC SH, RC, 8599 ft, CHEROKEE (RED FORK)(8192) Blaine County BERNHARDT #3R-13H, July 18 2016 24 16N 11W SENENWNE API: 01123628 Lat: 35.85406373982258, Long: -98.31881968322277 CONTINENTAL RESOURCES INC HH, AM, 15927 ft, MISSISSIPPIAN(10195) Canadian County FUNK …
Alaska Oil Headed Overseas For First Time in 30 Years
NEW YORK (Bloomberg) — A cargo of Alaska North Slope crude is scheduled to load next week aboard a foreign-flagged tanker for the first time in more than 30 years. The Bahamas-flagged Tianlong Spirit, currently off the coast of California, is set to load a 136,000-ton cargo around July 25 from Alaska and then head …