More than a year after Marathon Oil’s Regional Vice President of Midcontinent Assets, Wade Hutchings said Oklahoma’s Woodford Shale play had yet to reach its potential, the company’s efforts are supporting his belief. Hutchings’ comments came at Hart Energy’s 2015 DUG Midcontinent conference. This month, Marathon wrapped up its $888 million acquisition of what it called …
Second thoughts about fracking and local control. It’s what the two Presidential candidates are having as Democratic nominee Hillary Clinton said she now supports a state Supreme Court ruling which prohibits local governments from banning the process. It comes after GOP nominee Donald Trump had told supporters he supports fracking but also believes local governments …
Crude oil futures ended lower on Friday following a volatile week of trading in a bear market, according to a report by Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude lost 13 cents, or 0.3%, to settle at $41.80 a barrel. On the London ICE Futures Exchange, October Brent crude, …
Former Federal Reserve Chairman Alan Greenspan shared his belief that oil prices have bottomed out near $40 a barrel since oil futures have entered a bear market while settlements tumbled more than 20 percent in the past two months. “It’s hard for me to imagine it going very much lower, but it could,” said Greenspan …
While consumers enjoy lower fuel prices associated with the energy downturn, cheap oil is to blame for the loss of nearly 200,000 jobs, according to a report issued on Thursday by outplacement firm Challenger, Gray & Christmas, Inc. Almost 95,000 jobs have been eliminated in 2016 by energy companies, according to the Chicago-based firm. Most …
Republican presidential nominee Donald Trump identified Oklahoma City’s Continental Resources Inc. CEO Harold Hamm as a core member of his economic policy advisors on Friday. Trump’s hand-picked team of economic advisors are well-known industry executives in the financial, banking, real estate, manufacturing and energy sectors. In addition to Hamm, Trump’s 13-member advisory team includes: Dan …
Baker Hughes’ rig count report showed oil and gas rigs operating in the U.S. hit 464 this week, an increase of one rig over last week. U.S. oil rigs were up by 7 to 381 while U.S. natural gas rigs were down by 5 to 81 and miscellaneous rigs were down by 1 to 2. …
ALFALFA COUNTY Chesapeake Operating Llc Mississippian(5351): Oil 313 Gas 1032 Water 2140 Artificia 15 27N 11W A C Land & Cattle 22-27-11 1h, June 01, 2016 HH, OIL, TD: 10633 ft Lat: 36.81215, Long: -98.37113 API: 35003231640001 Chesapeake Operating Llc Mississippian(5353): Oil 340 Gas 1173 Water 1048 Artificia 15 27N 11W Kraus 15-27-11 2h, May …
Blaine County STRACK #1-2-11XH, August 05 2016 02 16N 11W NENENENE API: 01123634 Lat: 35.89782740814932, Long: -98.33101086175391 MARATHON OIL COMPANY HH, DR, 20448 ft, MISSISSIPPIAN(8996), WOODFORD(10482) Garvin County NAYRO #2H-11, August 05 2016 14 4N 4W NWNWNENE API: 04925078 Lat: 34.82566586247251, Long: -97.58494234594916 CITIZEN ENERGY II LLC HH, DR, 14600 ft, WOODFORD(9100) Garvin County NAYRO …
As oil and gas revenues continue to tumble in Oklahoma, the state’s economic decline has now lasted 17 months, three months longer than the so-called Great Recession that ran from 2008 to 2010. State Treasurer Ken Miller says the 12-month collections since Feb. 2015 have fallen by $1.1 billion or 8.8 percent. He says during …
