The nation’s rig count saw a dramatic improvement in the past week as the numbers soared by 14 to reach 813 active oil and gas rigs, according to figures from Baker Hughes. At the same time, Oklahoma’s count increased by one to reach 51 rigs. Nationally, the increased included 18 more oil rigs to …
If Democratic presidential candidate Bernie Sanders is elected, he vows to prosecute oil and gas leaders. It’s what he pledged in a recent tweet, saying he would hold fossil fuel executives accountable after climate scientists expressed alarm over ExxonMobil’s projection of zero overall reduction in industrial emissions by 2040. “Here’s a prediction: we are going …
Colorado air quality officials have adopted new oil and gas regulations requiring companies to more frequently inspect equipment for planet-warming and smog-forming gases. At the same time, the move gave confidence to environmentalists in their fight against the oil and gas industry. The toughest of the rules will be on operators drilling near homes and …
Oklahoma City’s Chesapeake Energy Corporation says close to 100 percent of its outstanding Senior notes have been purchased in a pending tender offer on behalf of its subsidiaries, Brazos Valley Longhorn, LLC and Brazos Valley Longhorn Finance Corp. The company said approximately $616.2 million of nearly 99.74% of the notes were validly tendered and …
From heading Oklahoma’s largest oil and gas group to becoming the new leader of the State Chamber of Commerce of Oklahoma. It’s the transition Chad Warmington is making after being chosen following a six-month, nationwide executive search process that involved more than 100 candidates. The search committee picked Warmington who will leave his position as …
Two sister wells drilled by Marathon Oil produced nearly 3,200 barrels of oil combined a day in Oklahoma’s SCOOP play, according to completion reports filed with Oklahoma regulators. The two McCloud 0304 wells, located at 6 3N 4W or about 3 miles southeast of Lindsay had June 2019 spud dates. The largest well had production …
No purchase price was revealed, but Oklahoma City-based Bison has acquired more water infrastructure in the state. It announced the purchase of Gulfport Energy Corporation’s water infrastructure in the SCOOP. The acquisition was made with an upfront payment and other contingent consideration based on the time, pace and magnitude of Gulfport’s future development program and …
