The nation and Oklahoma saw little slack in oil and gas exploration during Christmas as the nation’s rig count grew by one to reach 931 while Oklahoma dropped by one to 120. Figures from Baker Hughes Co. and the Red Top Rig Report in Kansas indicated the national count showed the number of oil rigs …
The amount of oil flowing out of the Permian Basin in West Texas is so great, the gross domestic product of Texas has loomed to $1.6 trillion. Job growth has expanded in Texas and if the state were an independent country, the economy would settle in around tenth place, according to the New Yorker magazine …
WPX Energy based in Tulsa announced it has completed the $169 million divestiture of its legacy natural gas position in the San Juan Basin of New Mexico and Colorado. The sale includes the company’s operated and non-operated properties but it does not include WPX’s oil operations in the basin’s Gallup play. The Tulsa company …
Apache Corporation, the Houston-based company with operations in Tulsa, Elk City and Chickasha, Oklahoma announced it’s secured 500 million cubic feet a day of natural gas transport capacity on the new Gulf Coast Express Pipeline Project in west Texas. As part of the deal, Apache also secured an option for up to 15 percent equity …
Oil prices rose slightly in Thursday’s trading both in the U.S. and overseas as the U.S. crude inventories experienced a bigger than expected decline in the latest reporting week. West Texas Intermediate crude rose 13 cents to reach $58.22 a barrel in trading for Feb. 2018 on the New York Mercantile Exchange. Brent crude in …
Houston-based Noble Midstream Partners LP has created a joint venture with Greenfield Midstream, LLC in the $625 million purchase of Saddle Butte Rockies Midstream based in Denver, Colorado. The joint venture will be named Black Diamond Gathering, LLC. Noble plans to fund 50% of the purchase price and will get a 4.4% ownership in the …
No injuries were reported Thursday in an oil well blowout in the far south Texas suburb of Missouri City. It happened Wednesday night as an uncontrollable release of oil was reported in a well in the vicinity of Texas Parkway and the Fort Bend Parkway Toll Road in the Houston metro area according to KPRC TV …
A report from the American Petroleum Institute that the nation has a whopping 9,196-million-barrel build in gasoline inventories, oil prices both in the U.S. and overseas dropped in Wednesday’s trading. West Texas Intermediate crude fell $1.66 in trading on the New York Mercantile Exchange, hitting $55.96 per barrel. That’s a drop of 2.88% from the …
Oil prices continued on Tuesday to dip lower in the U.S. while overseas, they were up slightly. West Texas Intermediate crude fell 18 cents to reach $57.44 a barrel on the New York Mercantile Exchange. The drop represented a fall of three-tenths of a percent in trading for January contracts. Overseas in London, Brent Crude …
After their biggest drop since mid-November in recent days, oil prices in Monday’s trading slipped ever so slightly in the U.S. but plunged more than $1 a barrel in Europe. West Texas Intermediate crude finished the day at $57.42 a barrel, a drop of 5-cents or 0.09% for January 2018 futures on the New York …
