While the state’s oil and gas industry held its own in March, the latest employment report from the Oklahoma Employment Security Commission indicates there was still a loss of at least 600 jobs from March 2015 to this year. The reported indicated the oil and gas sector, defined in the Commission’s Mining and Logging division …
2016 archive
ConocoPhillips Reports $1.5 billion in First-Quarter Losses
ConocoPhillips says it lost nearly $1.5 billion in the first quarter of 2016 so it has reduced its 2016 capital spending as a result of the impact of the industry’s low energy prices. The Company, with major operations in Ponca City and Bartlesville reported a first quarter loss of $1.47 billion or $1.18 a …
Inhofe says Oklahoma Will Gain from New Water Development Act
Senator Jim Inhofe says as chairman of the Senate Environment and Public Works Committee, he’s been able to get a Water Resources Development Act of 2016 approved that will directly benefit Oklahoma. “WRDA 2016 ensures that Oklahoma projects, including the McClellan-Kerr Arkansas River Navigation System and the Tulsa and West Tulsa Levee System, continue …
Rep. Russell Wages Fight against New Space Rocket Engines
Before joining others on the U.S. House Armed Services Committee in approving a $610.5 billion National Defense Spending bill this week, U.S. Rep. Steve Russell waged a fight against spending billions on new engines for America’s space rockets. As the Committee hearing seeped into the early morning hours of Thursday, the Congressman said his …
New Leader Named to Head Merged Companies
Longtime Questar Corp. executive Craig C. Wagstaff has been chosen to lead the western U.S. natural gas operations once Questar completes its merger with Dominion He’s the current president of Questar Gas and will become president of Dominion Questar. the new firm will be based in Salt Lake City. The merger will also create an …
WTI Crude Futures Rise Above $45 a Barrel
Oil futures climbed on Wednesday to finish at levels last seen in November, as traders turned their attention to U.S. crude production, which fell for a seventh straight week. Prices had pared gains in the immediate wake of U.S. government data released early Wednesday showing that crude supplies rose for a third week in a …
T. Boone Pickens Endorses Donald Trump for President
Texas energy investor T. Boone Pickens predicts New York business entrepreneur Donald Trump will win the Republican presidential nomination and the White House. The CEO and Chairman of BP Capital Management said in a recent interview that Trump would be the only candidate to push real change in the US. Pickens, an Oklahoma native and …
Completion Reports April 28, 2016
ALFALFA COUNTY Chesapeake Operating Llc 15 27N 11W A C Land & Cattle 22-27-11 1h, April 11, 2016 HH, TA, TD: 10633 ft Lat: 36.81215, Long: -98.37113 API: 35003231640000 CANADIAN COUNTY Chesapeake Operating Llc 12 14N 5W Chupa Swd 1-12, February 14, 2016 SH, DISP, TD: 10754 ft Lat: 35.70488, Long: -97.67860 API: 35017237860001 KAY …
Permits to Drill April 28, 2016
Ellis County WHITETAIL 14 PA #1HM, April 27 2016 14 19N 26W SWSWSESE API: 04523606 Lat: 36.11595502604216, Long: -99.93854078801333 MEWBOURNE OIL COMPANY HH, DR, 13257 ft, MARMATON(8800) Mcclain County CHAMPLIN #1-14, April 26 2016 14 5N 4W S2NWNENE API: 08721802 Lat: 34.91196359720637, Long: -97.5858320792968 ELDER CRAIG OIL AND GAS LLC SH, RC, 11683 ft, HART(8933), …
Baker Hughes Posts $981 Million Loss in First Quarter
Houston-based Baker Hughes Incorporated posted a $981 million loss in the first quarter of 2016, widening significantly from the same period a year ago, according to the company’s press release. The world’s third largest oilfield services provider reported a bigger quarterly loss on Wednesday, hurt by a continued decline in drilling activity. Baker Hughes attributed …







