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STACK Delivers Again While Hughes County is Home to More Gas Wells for Petroquest
The STACK keeps on delivering for Oklahoma City’s Devon Energy and Houston-based Newfield Exploration while Tulsa’s Petroquest reports five more gas wells in gas-rich southeastern Oklahoma. As indicated by the latest completion reports revealed on OK Energy Today, Devon Energy’s hit a well producing more than 1,600 barrels of oil daily in Blaine county. The MARMOT …
Alaska Oil Headed Overseas For First Time in 30 Years
NEW YORK (Bloomberg) — A cargo of Alaska North Slope crude is scheduled to load next week aboard a foreign-flagged tanker for the first time in more than 30 years. The Bahamas-flagged Tianlong Spirit, currently off the coast of California, is set to load a 136,000-ton cargo around July 25 from Alaska and then head …
Drought is Slowly Growing Again in Oklahoma
Expect Oklahoma to continue baking a few more days with temperatures hitting 103-104 degrees in northwestern Oklahoma, right in the area where oil and gas drilling operations have seen slight increases in activity. “We’re still caught in heat dome hell, I’m afraid,” says State Climatologist Gary McManus with the Oklahoma Mesonet. He says the lack …
Morrissette Plans One More Public Hearing on Earthquakes and Wastewater Disposal Wells
OKLAHOMA CITY (21 July 2016) – A state legislator who is terming out this year plans to convene one more public hearing to examine potential options for disposing of brine produced during oil and gas exploration. The House Committee on Energy and Natural Resources will convene an interim legislative study on the …
Inhofe and Lankford Criticism of CAFE Fuel Standards Might have Been Accurate
Four years after Oklahoma U.S. Sen. Jim Inhofe took on the Environmental Protection Agency and its CAFE fuel standards, now there’s a report that maybe, just maybe, the EPA’s fuel efficiency testing might not work. It was back in 2012 when Sen. Inhofe was critical of the Corporate Average Fuel Economy Standards, “The CAFE standards …
Another Wind Farm Begins Production in North Dakota
With a $250 million price tag and a dozen years to complete, Xcel Energy’s Border Winds Farm in North Dakota was recently dedicated. Located north of Rolla, the farm has 75 turbines spread over 30 square miles and has the capacity to produce 150 megawatts of electricity. That’s enough to power more than 78,000 homes. …
Oklahoma’s STACK Produces More Large Oil Wells
Oklahoma’s STACK is yielding more big wells, according to completion reports published by OK Energy Today. The two largest have been brought in by Houston-based Marathon Oil and were drilled in Blaine County. The largest produced 1,466 barrels of oil a day along with 2,474 mcf of gas out of the Mississippian formation. It’s the IRVEN JOHN …
Researchers Suspect Fracking is Behind Blanchard Earthquakes
As News 9’s Dana Hertneky reported this week, now the Oklahoma Geological Survey suspects fracking might be behind the recent surge in smaller earthquakes around Blanchard. “We’re a little mystified about what the cause is,” said Jeremy Boak, Director of the Oklahoma Geological Survey in an interview with Hertneky. “I think we have to give …
Harold Hamm Considered as Energy Secretary in Trump Administration
(Reuters) Republican presidential candidate Donald Trump is considering nominating Oklahoma oil and gas mogul Harold Hamm as energy secretary if elected to the White House on Nov. 8, according to four sources close to Trump’s campaign. The chief executive of Continental Resources (CLR.N) would be the first U.S. energy secretary drawn directly from …
Halliburton Reports Lower Earnings Worldwide
Halliburton’s second quarter earnings report shows a 15 percent drop in North America revenue but company leaders remain optimistic. Revenues totaled $1.5 billion and the operating loss came to $124 million. “Our second quarter results showed resilience in the face of another challenging quarter marked by lower activity levels and continued pricing pressure around the …