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 …
Oil futures finish higher on Wednesday after U.S. government data revealed an unanticipated drop in crude oil inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November WTI crude rose $1.14, or 2.3%, to settle at $49.83 a barrel. On the London ICE Futures Exchange, November Brent crude, the global benchmark, added 99 cents, …
GRADY COUNTY Vitruvian Ii Woodford Llc Woodford(15615): Oil 145 Gas 5015 Water 3852 Flow 21 5N 6W Ernesteen 1-21x28h, October 19, 2015 HH, GAS, TD: 24433 ft Lat: 34.89412, Long: -97.83451 API: 35051239300002 Vitruvian Ii Woodford Llc Woodford(15615): Oil 158.75 Gas 5389 Water 2672 Flow 21 5N 6W Ernesteen 2-21x28h, October 19, 2015 HH, GAS, …
Blaine County REAGAN #1-16-21XH, October 05 2016 16 14N 13W SWNENWNE API: 01123667 Lat: 35.69493344777245, Long: -98.58489150496295 CONTINENTAL RESOURCES INC HH, DR, 23964 ft, WOODFORD(13765) Blaine County VERONA #5-23-14XH, September 22 2016 26 16N 10W SENENENW API: 01123655 Lat: 35.840119094160585, Long: -98.23473854506531 CONTINENTAL RESOURCES INC HH, AM, 20458 ft, MISSISSIPPIAN(10084) Blaine County MILKY WAY #20-1H, …
Republican presidential hopeful Donald Trump huddled this week in Denver with more than a dozen oil and gas executives, attempting to tighten his influence on the industry in a state where he reportedly trails Hillary Clinton by 11 points in one poll. Oklahoma Energy leader Harold Hamm is one of those executives who is unashamed …
General Electric’s new $125 million oil and natural gas technology center is formally being opened this week in downtown Oklahoma City. The opening comes three years after GE announced it would build the center and broke ground. GE executives joined Oklahoma officials in commemorating the huge center, the first GE research center to focus on …
