Reports by energy groups show the number of oil and gas rigs in the U.S. rose by 6 in the past week to reach a level of 929. Oklahoma’s count remained at 122, the same as one week ago. The Baker Hughes Rig report indicated the number of oil rigs rose by 2 to reach …
Solar energy has been in use for years in the oil and gas industry but not to the extent that it is about to become in one of the largest oil field in the country. Small solar units have powered remote recording equipment at oilfield sites in Oklahoma. Heck, farmers have used them for years …
Billionaire oilman Harold Hamm, founder and head of Oklahoma Cit-based Continental Resources Inc. isn’t the only one who thinks the federal government’s oil production forecasts are exaggerated and wrong. Now researchers at MIT agree and in a study and report on the U.S. oil and gas markets, they believe the country’s shale boom could “end …
There’s nothing like it in Oklahoma’s oil patch. A $14 billion oil platform in the north Sea, one built and financed by ExxonMobil. And the Hebron offshore oil platform located about 210 miles southeast of Newfoundland, produced its first oil this week, a month ahead of schedule. It took seven years to build the platform. …
Oil futures took a positive turn on Tuesday, settling higher as traders awaited an update on domestic crude supplies, according to Bloomberg MarketWatch. January West Texas Intermediate crude rose 41 cents, or 0.7%, to settle at $56.83 a barrel on the New York Mercantile Exchange. January Brent crude, the global benchmark, added 35 cents, or 0.6%, …
Oil prices traded lower on Monday as the stage is set for an OPEC meeting in Vienna where the extension of crude output cuts is set to be discussed, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate crude fell by 46 cents, or 0.8%, to settle at $56.09 a …
While the U.S. added to its weekly oil and gas rig count, Oklahoma’s count dropped by one to hit 122, according to figures from Baker Hughes Company. The latest oil and gas rig count report showed the national count is at 915 which reflects the addition of eight new rigs. Compared to a year ago, …
Rebounding from a two-week low, oil prices surged on Friday, according to Bloomberg MarketWatch. December West Texas Intermediate crude jumped by $1.41, or 2.6%, to settle at $56.55 a barrel on the New York Mercantile Exchange, ahead of the contract’s expiration at Monday’s settlement. January Brent crude, the global benchmark, gained $1.36, or 2.2%, to end trading …
Following a massive leak of more than 200,000 gallons of oil in Amherst, South Dakota, Calgary-based TransCanada shut down a portion of its 2,687-mile Keystone Pipeline, according to a company press release issued on Thursday morning. The leak was detected following a drop in pressure overnight. The affected area is located in Marshall County, an …
Oklahoma City-based Continental Resources, Inc. announced Thursday that the company has sold its second cargo of crude oil for export from North Dakota’s Bakken shale region. Continental plans to sell 430,000 barrels of oil (Bo) for January delivery to international markets. The sale transaction will take place at the crude oil storage tank hub facility …
