Crude oil prices rose higher on Tuesday following a report that Saudi Arabia is considering cutting crude exports as U.S. production surges ahead, according to Bloomberg MarketWatch. August West Texas Intermediate crude rose 38 cents, or 0.8%, to settle at $46.40 a barrel on the New York Mercantile Exchange. On the London ICE Futures Exchange, September …
2017 archive
Completion Reports July 19, 2017
BLAINE COUNTY Continental Resources Inc 16 16N 11W Jackal 1-16 Swd, January 20, 2017 SH, DISP, TD: 9650 ft Lat: 35.86825, Long: -98.37319 API: 35011230690002 Continental Resources Inc Woodford(13141): Oil 170 Gas 7834 Water 3613 Flow 25 15N 13W Edgemere Farms 1-25-36xh, January 30, 2017 HH, GAS, TD: 23051 ft Lat: 35.75354, Long: -98.53119 API: 35011236120000 CUSTER COUNTY Continental Resources Inc Woodford(14976): Gas …
Ditch Witch Part of White House Manufacturing Showcase
A White House event held Monday highlighting American manufacturing included a display by Ditch Witch. The Charles Machine Works Co. based in Perry represented Oklahoma in the “Made in America” showcase. It had its JT20 horizontal directional drill on display on the White House lawn. “We are honored to represent the state of Oklahoma,” said …
Linn Energy Subsidiary Building New Gas Plant in SCOOP and STACK
Oklahoma’s SCOOP and STACK oil and gas plays are getting a new cryogenic gas processing facility, courtesy of Blue Mountain Midstream LLC, a company formerly known as Linn Midstream LLC. Blue Mountain’s a subsidiary of Houston-based Linn Energy Inc. and signed a contract with Midland, Texas-based BCCK Engineering Inc. to build the Chisholm Trail Cryogenic …
Trump Denies Federal Aid to Cover North Dakota Protest Costs
The federal government’s denied a request by North Dakota Gov. Doug Burgum for a major disaster declaration to cover some of the $38 million in law enforcement costs over the Dakota Access pipeline protests. The governor made the request in April, writing to President Trump. The denial came in May but the governor’s office didn’t …
Devon and 36 Other Firms Sued and Accused of Causing Sea Rise in California
Oklahoma City-based Devon Energy is one of 37 oil, gas and coal companies sued this week by two California Counties blaming them for the sea level rise and coastal flooding. Marin and San Mateo Counties along with the city of Imperial Beach filed suit claiming the energy companies knew for nearly half a century that …
Oklahoma Energy Companies Still Active in North Dakota
While oil production slipped in May in North Dakota, it still has the attention of some Oklahoma oil and gas exploration companies. Oklahoma City-based Continental Resources, according to the North Dakota Department of Mineral Resources has four active rigs in the Bakken. Tulsa-based WPX Energy has two rigs while Marathon Oil has at least …
EnerVest: A Cautionary Tale of Boom to Bust
Houston-based private equity firm EnerVest has experienced the energy industry’s boom to bust phenomenon firsthand as the company’s $2 billion energy fund has plunged to virtually having little value, according to a recent report by CNBC.com. Reports indicate the firm borrowed heavily and made numerous purchases of oil and gas wells when crude oil prices were high. …
Crude Oil Settlements Fall on Monday
Crude prices fell on Monday as a government report revealed expectations for a rise in U.S. shale oil production for August, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude shed 52 cents, or 1.1%, to settle at $46.02 a barrel. On the London ICE Futures Exchange, September Brent crude, …
More Layoffs at ConocoPhillips in Bartlesville?
Employees at ConocoPhillips in Bartlesville may be in for another round of layoffs, according to a report by Newson6.com. Following a $13 billion asset sale of its heavy crude and gas operations in Canada this past March, speculation is running rampant that more jobs will be lost in Bartlesville. Although specifics aren’t being discussed officially, …