A 37-year old former employee of Oil States Pipe Valve awaits sentencing after pleading guilty in Oklahoma City federal court to conspiracy to steal trade secrets from the firm. Joshua Decker of Bixby is a former controller for the company that is a division of Oil States Industries and admitted he was behind a …
June 2021 archive
Schlumberger’s Elk City properties to be auctioned this month
Nearly a year after Schlumberger, the world’s largest oil-field services company announced it was cutting nearly 21,000 jobs amidst the pandemic and its impact on the oil and gas industry, the company is moving ahead with disposal of some of its operations in Oklahoma. Schlumberger’s surplus property in Elk City will be auctioned off …
Transportation Commissioners to approve more highway projects
Oklahoma Transportation Commissioners meet Monday to consider a number of highway projects including a $23 million contract to reconstruct and widen US-70 highway near Valliant in McCurtain County. Items to be addressed at the meeting: Secretary of Transportation and Oklahoma Department of Transportation Executive Director Tim Gatz will update commission members on transportation …
Lower 4Q and full year performance for NGL Energy Partners LP
It wasn’t just the fourth quarter but the past full year that NGL Energy Partners LP of Tulsa had lower earnings. The company reported a loss from continuing operations for the quarter ended March 31, 2021 of $229.2 million including a $63.1 million loss related to the early repayment of the partnership’s term loan …
US crude moves closer to $70
Benchmark crude oil prices in the U.S. pushed oh-so-close to the $70 a barrel mark in Friday’s trading, no doubt leaving investors in oil and gas wondering if the level will be reached or surpassed in the coming days. West Texas Intermediate crude for July delivery rose 81 cents to finish at $69.62 a …
Rig growth in US and Oklahoma stalled last week
The latest oil and gas rig count from Baker Hughes Co. showed a decline of one in the past week leaving a total of 456 active rigs while Oklahoma was unchanged at 28. Figures showed Oklahoma’s 28 working rigs compared to 11 one year ago. Nationally, the numbers showed oil rigs were unchanged at …
Energy news in brief
** A U.S. judge in Montana has rejected the Biden administration’s attempt to delay a lawsuit from several states and environmentalists who are seeking to end lease sales for coal mining on federal lands. ** Denmark has withdrawn permission for a planned pipeline that was designed to bring Norwegian gas to Poland, citing the need to assess …
Completion reports for June 3, 2021
KINGFISHER COUNTY Chisholm Oil & Gas Operating Llc Mississippian (less Chester)(7468): Oil 219 Gas 251 Water 147 Esp 30 19N 7W Boettler 19-07-30 1mh, July 22, 2019 HH, OIL, TD: 12779 ft Lat: 36.08809, Long: -97.98710 API: 35073261360001 PITTSBURG COUNTY Trinity Operating Usg Llc Mississippian – Woodford: Gas 1972 Water 2307 Flow 2 7N 18E Redbud 3-35/26h, September 20, 2019 HH, GAS, TD: 18732 ft …
Permits to drill for June 3, 2021
Cimarron County IRON JACKET #1-4, June 03 2021 04 5N 4E NENENESW API: 02521079 Lat: 36.92835437896349, Long: -102.63234242429868 GRAND MESA OPERATING COMPANY SH, DR, 5300 ft, PERMIAN(1700), LANSING(3400), MARMATON(4000), ATOKA(4400), MISSISSIPPIAN(5300) Love County BROOKS #1-22H15X, February 25 2020 22 7S 2E SWSWSESW API: 08521316 Lat: 33.92646372115591, Long: -97.08641115824493 XTO ENERGY INC MU, AM, 28400 ft, MISSISSIPPIAN(14500), WOODFORD(17463), …
Slight correction for crude oil prices
Crude oil prices experienced a stall in Thursday’s trading as both US and overseas prices dropped a few cents and Oklahoma energy stocks for the most part didn’t have the brightest of trading days. West Texas Intermediate crude for July delivery dropped 2 cents to finish the day at $68.81 a barrel. Global benchmark …
