Author's posts
Surprise Uptick in Crude Supplies Results in Lower Settlements on Thursday
Oil settlements finished lower on Thursday, extending declines following an unexpected climb in domestic crude supplies, according to Bloomberg MarketWatch. December West Texas Intermediate crude fell by 19 cents, or 0.3%, to settle at $55.14 a barrel on the New York Mercantile Exchange. January Brent crude, the global benchmark, dipped lower by 51 cents, or 0.8%, to …
WTI, Brent Fall on Tuesday as Data Reveals Unexpected Jump in Crude Inventories
Oil futures continued to slide on Wednesday as government data revealed a surprise climb in domestic crude inventories for a second consecutive week, according to Bloomberg MarketWatch. December West Texas Intermediate crude declined by 37 cents, or 0.7%, to settle at $55.33 a barrel on the New York Mercantile Exchange. January Brent crude, the global benchmark, fell …
Completion Reports — November 8, 2017 through November 14, 2017
COUNTY Well name SCTN TWN RNG SPOT Completion Date Scan Date API Document Blaine ALTA BIA 1511 1-6-31MXH 31 15N 11W N2 NE NE NE Nov-03-2017 Nov-13-2017 01123689 500614285 Blaine LANDRETH BIA 1-14H 14 15N 11W SE SW SW SW Jul-29-2017 Nov-09-2017 01123762 500613912 Blaine NUGGET 34-20-12 1HC 34 20N 12W SE SW SW …
Permits to Drill — November 8, 2017 through November 14, 2017
COUNTY Well name SCTN TWN RNG SPOT Approval Date Scan Date API Document Blaine FRIESEN 1-31-6XH 31 13N 12W SE NW NW NE Nov-08-2017 Nov-08-2017 01123870 500612918 Blaine GORE 1-25-36 1810MHX 25 18N 10W NW NE NE NE Nov-14-2017 Nov-14-2017 01123879 500615067 Blaine GREENFIELD 1-4-33 1411MHX 9 14N 11W NW NW NW NE Nov-08-2017 …
Crude Oil Futures Plunge on Tuesday
Oil prices dropped Tuesday to finish at their lowest level in more than a week after the International Energy Agency cut its global crude demand forecasts and warned of a boom in U.S. shale oil production, according to Bloomberg MarketWatch. December West Texas Intermediate crude fell $1.06, or 1.9%, to settle at $55.70 a barrel on …
NORDAM Announces JV Agreement with China Airlines
Tulsa-based NORDAM announced Monday that the aerospace company and China Airlines have signed a joint venture agreement to establish NORDAM Asia Limited, according to a company press release. The new joint venture company will repair and overhaul structural aircraft components for the China Airlines fleet and other airlines in the Asia-Pacific region. NORDAM’s key leaders …
Brent Crude Falls, WTI Shows Slight Gain on Monday’s Settlement
Crude oil prices produced mixed results on Monday after OPEC reported a fall in October output while a U.S. government report showed expectations for a monthly rise in domestic shale oil production, according to Bloomberg MarketWatch. December West Texas Intermediate crude, the U.S. benchmark, rose 2 cents, or less than 0.1%, to settle at $56.76 …
Rig Count Data Reveals 6 New Oklahoma Rigs, 9 Added to U.S.
Both Oklahoma and North America saw big jumps in rig counts in the past week according to figures released by Baker Hughes. Oklahoma’s count jumped by six to reach 123. A year ago, the state had only 75 working oil and gas rigs. Nationally, the count grew by nine, reaching 907 active rigs. The U.S. …
WTI and Brent Crude Stumble on Friday, Advance for the Week
After several days of strong gains, crude oil futures settled lower on Friday, according to Bloomberg MarketWatch. On Friday, January Brent crude, the global oil benchmark, fell 41 cents, or 0.6%, to end at $63.52 a barrel on the London ICE futures Exchange. For the week, the contract saw a 2% rise. On the New York …
Uncertainty in the Middle East Drives Up Crude Oil Settlements on Thursday
Oil prices switched gears on Thursday, marching upward as tensions mount in the Middle East, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate rose 36 cents, or 0.6%, to settle at $57.17 a barrel. January Brent crude, the global benchmark, rose 44 cents, or 0.7%, to end trading at …
