The Williams Companies and Williams Partners announced an agreement on Monday to sell their Canadian businesses to Calgary-based Inter Pipeline for over $1 billion. The sale includes extraction and processing facilities in the Alberta oil sands as well as nearly 260 miles of pipelines. Inter Pipeline’s purchase will allow the company to expand its natural …
August 2016 archive
New Pipeline Will Carry Sweet Crude Oil from Cushing to Memphis
International pipe manufacturer Welspun Tubular and Diamond Pipeline LLC announced on Monday that Welspun received a $47 million order to assist with construction of a 440-mile 20-inch pipeline that will carry domestic sweet crude from the Cushing, Oklahoma storage facility to Valero’s refinery located in Memphis, Tennessee. The $900 million Diamond Pipeline will be capable …
News of September OPEC Meeting Sends Oil Futures Soaring on Monday
Oil futures jumped on Monday as OPEC announced it will meet at the 15th International Energy Forum in Algeria next month in order to discuss how to bring stability to the volatile crude oil market, according to Bloomberg MarketWatch. September West Texas Intermediate crude rose $1.22, or 2.9%, to settle at $43.02 a barrel on …
Completion Reports August 9, 2016
DEWEY COUNTY Tapstone Energy Llc Mississippian(10460): Oil 78 Gas 2584 Water 3562 Flow 27 19N 20W Salisbury 27-19-20 1h, July 07, 2016 HH, GAS, TD: 17838 ft Lat: 36.08726, Long: -99.32667 API: 35043234570000 GRADY COUNTY Citizen Energy Ii Llc Mississippian: Oil 544 Gas 1942 Water 1077 Flow 29 10N 5W Osborn 1h-19, November 14, 2015 …
Permits to Drill August 9, 2016
Ellis County WORD #1-31H, August 08 2016 30 18N 24W SESWSWSW API: 04523621 Lat: 35.999307071910934, Long: -99.8082453996676 PPP PETROLEUM LP HH, DR, 14157 ft, CLEVELAND(9319) Jackson County CANAM #13, February 01 2016 13 1N 20W SENWNWSW API: 06520292 Lat: 34.55700428312255, Long: -99.2616278636004 FULCRUM EXPLORATION LLC SH, AM, 3400 ft, PERMIAN GRANITE WASH(810), CISCO(1500), CANYON(2040), STRAWN(2360), …
Woodward’s Tri-State Oil and Gas Convention to Kick Off Thursday
The 5th annual Tri-State Oil and Gas Convention is close at hand in Woodward and even chairman Junior Long is surprised it is a sell-out, considering what’s happened to the oil and gas industry over the past year. “It does a little bit,” he admitted in an interview with OK Energy Today. “But the activity …
DEQ Asking for Comments on Regional Haze 5-Year Plan
The Oklahoma Department of Environmental Quality (DEQ) hereby announces an opportunity to comment on and request a public hearing on the Regional Haze Five Year Progress Report, a State Implementation Plan (SIP) revision. The hearing, if one is requested, will be held on Tuesday, September 6, 2016 from 9:00 a.m. to 11:00 a.m. in the …
EOG Reports 2nd Quarter Losses while Debt Reaches $7 billion
After second quarter earnings of $5.3 million in 2015, Houston-based EOG Resources Inc. reported a second quarter 2016 net loss of $292.8 million or $0.53 per share. It also said its total debt outstanding at the end of June was $7 billion. The company attributed the losses to lower commodity prices but said that in …
Oklahoma Energy Firms in Forbes’ Top 10 List
At least three Oklahoma energy companies are considered to be in the top ten oil and gas firms in the U.S. following the most recent second quarter earnings reports, according to Forbes magazine. While ConocoPhillips, now based in Houston is ranked number one with a market capitalization of $54 billion, Oklahoma City-based EOG Resources Inc. …
Chesapeake Energy Said to be Considering Sale of Barnett Shale Holdings
Reports are apparently growing that Oklahoma City-based Chesapeake Energy might be close to selling its holdings in the Barnett Shale, a sale that could amount to thousands of producing wells in Texas. Wood MacKenzie suggests such a sale could transact to $1.4 billion and the buyer might be a privately held company, Saddle Operating. As …