The U.S. oil and gas rig numbers increased by 5 in the past week to reach 365 according to the latest report from Baker Hughes Co. and Enverus. Oklahoma’s count remained unchanged at 28 rigs, still ahead of the 10 rigs reported one year ago. Nationally, the increased count included six more oil rigs to …
June 2021 archive
Devon Reports on 2021 Annual Meeting Results
Oklahoma City-based Devon Energy Corporation held its Annual Meeting via remote access on Wednesday, June 9, 2021 due to continued concerns regarding the COVID-19 pandemic. Eleven nominees were elected by the shareholders of record to the oil and gas producer’s Board of Directors for a one-year term. The following individuals were elected to serve on …
JB Hunt and Waymo Team Up for Texas Autonomous Pilot Project
Arkansas-based J.B. Hunt Transport Services Inc. and Waymo, the American autonomous driving technology company, will partner to collaboratively test driverless freight delivery in Texas, according to a recent press release. The series of test runs over several weeks will use Waymo Via, an autonomous Class 8 truck, to haul freight along Interstate 45 between facilities …
North Dakota Supreme Court Victory for Continental Resources
Continental Resources recently scored a unanimous victory before the North Dakota Supreme Court. The case involves an appeal filed by plaintiffs, Rhonda Pennington, Steven Nelson, Donald Nelson and Charlene Bjornson against the Oklahoma City-based energy company. In 2011, the plaintiffs executed oil and gas leases for property in McKenzie County, North Dakota. Each lease term …
Energy news in brief
** The director of the North Dakota Pipeline Authority says Keystone XL’s cancelation “adds a cloud to all new pipeline projects.” ** A federal judge prepares to rule on a suit by 13 largely Southeastern states challenging President Joe Biden’s moratorium on new oil leases on federal land. ** Native American contractors working on the Line 3 pipeline replacement and expansion say recent …
Completion reports for June 10, 2021
ARTER COUNTY Kodiak Oil & Gas Inc 35 3S 2W Awu 20, October 21, 2020 SH, INJ, TD: 1050 ft Lat: 34.25046, Long: -97.38115 API: 35019263870000 Kodiak Oil & Gas Inc 27 3S 2W Oil City Unit 57, February 08, 2021 SH, INJ, TD: 1150 ft Lat: 34.27124, Long: -97.39878 API: 35019262520001 Kodiak Oil & Gas Inc 5 2S …
Permits to drill for June 10, 2021
Dewey County MR PROSPECTOR 1816 #1-14H, June 10 2021 23 18N 16W NWNWNENE API: 04323723 Lat: 36.02822122945957, Long: -98.87096899658812 BLAKE PRODUCTION COMPANY INC HH, DR, 14000 ft, RED FORK(8500) Kingfisher County RPM 1507 #3H-16X, May 19 2021 09 15N 7W SESWSWSE API: 07326751 Lat: 35.784916861393675, Long: -97.94876016521938 OVINTIV MID-CONTINENT INC. MU, AM, 18507 ft, MISSISSIPPIAN(7967), MISSISSIPPI SOLID(8034) …
Crude oil prices settled back above $70
Crude oil prices rebounded in Thursday’s trading as benchmark US prices finished again above $70 a barrel. West Texas Intermediate crude for July delivery finished up 33 cents at $70.29 a barrel in trading on the New York Mercantile Exchange. Global benchmark Brent crude for August delivery closed up 30 cents at $72.52 …
Magellan Midstream sells terminals network in $435 million deal
Tulsa’s Magellan Midstream Partners, L.P. announced Thursday the $435 million sale of its independent terminals network. The network is comprised of 26 refined petroleum products terminals with nearly 6 million barrels of storage. Buckeye Partners, L.P. made the acquisition of the terminals that are primarily located in the southeastern U.S. “The sale of our …
Fort Smith city leaders face $22 million Air Force decision
City leaders in Fort Smith, Arkansas just across the state line with Oklahoma will have a decision to make next week—whether to kick in $22 million for a runway extension so Ebbing Air National Guard Base can become the site of a Lockheed Martin F-35 Lightning II training center. The Air Force announced last …