A record horizontal injection well of more than 26,000 feet has been drilled by ConocoPhillips Alaska Inc. in the State of Alaska. At the same time, the company has ordered a massive powerful new drilling rig. The site called CD5 is in the Colville river Unit on Alaska’s North Slope and is the first …
A West Virginia company claims its solution to wastewater or saltwater from oil and gas wells will eventually put injection wells out of business. Clean Water, LLC based in Charleston, West Virginia is attempting to move from the laboratory to small field operations to expand its operations. “It absolutely works,” claims engineer and project manager …
As oil and gas prices rise, there is a steady increase in enrollment of pipeline safety classes offered in Oklahoma City at the U.S. Department of Transportation’s Transportation Safety Institute. Mike Baldwin at the Institute located at the Mike Monroney Federal Aviation Administration center has noticed the recent surge in interest. “It’s now up around …
As the East Coast prepared for the landfall of Hurricane Matthew, crude oil futures climbed above $50 a barrel on Thursday, according to Bloomberg MarketWatch. Traders were optimistic that the potential for storm-related disruptions in several southeastern states could contribute to an overall decline in the nation’s inventory levels. November West Texas Intermediate crude climbed …
Devon Energy Corp. announced Thursday that it has completed the divestiture of its 50% ownership in Access Pipeline to Wolf Midstream for $1.1 billion, according to a company press release. The Oklahoma City-based energy company also has the right to receive an incremental $120 million payment from Wolf Midstream with the sanctioning and development of …
Oklahoma City-based Blueknight Energy Partners announced this week it completed the $109 million purchase of nine asphalt terminals from Ergon Asphalt and Emulsions of Jackson, Mississippi. At the same time, Ergon wrapped up it acquisition of Blueknight’s General Partner. As part of the $108.8 million dollar purchase by Blueknight Energy, Ergon kicked in $22.1 million …
Tulsa-based Murphy Energy has become the latest energy firm to file Chapter 11 bankruptcy, listing more than $75 million debt including $57 million to lenders led by Bank of America. The 23-year old oil and natural gas transporter with 210 employees has ten truck-to-pipeline crude oil terminals in Oklahoma and north Texas. The terminals buy …
A federal appeals court has not indicated when it might issue a ruling after listening to arguments for and against the nearly $4 billion Dakota Access oil pipeline being fought by environmentalists and members of the Standing Rock Sioux Tribe in North Dakota. Some of the environmentalists and opponents include Oklahomans who traveled to North …
Despite having the state’s highest jobless rate over the loss of oil and gas field workers, the city of Duncan has received a Silver Excellence in Economic Development Award from the International Economic Development Council. The award for the Duncan Area Economic Development Foundation was for its 2015 Annual Newsletter and for communities with …
General Electric’s put out a slick magazine with the title of “Innovating for the Future of Energy” as part of the grand opening this week of its $125 million Global Research Oil and Gas Technology Center in Oklahoma City. Director Mike Ming is quoted in the magazine as pointing out how GE is emerging …
