WPX Energy in Tulsa is reporting a quarterly dividend of 78 cents a share. The board of directors approved the dividend for holders of the company’s 6.25 percent Series A Mandatory Convertible Preferred Stick. It’ll be payable Jan. 31, 2018 to holders of record on Jan. 12, 2018. The company posted double-digit oil volume growth …
Oil futures ended lower in volatile trading on Wednesday after a weekly U.S. government report revealed a surprise rise in crude stockpiles, according to Bloomberg MarketWatch. December West Texas Intermediate crude fell 39 cents, or 0.7%, to settle at $56.81 a barrel on the New York Mercantile Exchange. January Brent crude, the global benchmark, lost 20 …
Larry Nichols was recently named as the inaugural recipient of Hart Energy’s Shale Visionary Award, according to a press release issued Tuesday. Nichols, who co-founded Oklahoma City-based Devon Energy Corporation with his father in 1971, accepted the award at Hart Energy’s annual Executive Oil Conference held in Midland. “Today, horizontal drilling and hydraulic fracturing are …
Oil prices finished lower Tuesday, retreating from the more than two-year highs they reached a day earlier on the back of a purge of high-level figures in Saudi Arabia, a key crude producer. On the New York Mercantile Exchange, December West Texas Intermediate crude declined by 15 cents, or 0.3%, to settle at $57.20 a barrel. …
Dallas-based Pony Oil, LLC has hired Nicholas Strawn to serve as the company’s chief legal officer, according to a company press release issued Tuesday. Strawn will be responsible for leading the legal team and reviewing all oil and gas transactions. “We are excited for Nick to be joining our team,” said John Paul Merritt, Pony …
The Oklahoma Senate passed a bill late Monday afternoon to plug the state’s $215-million budget deficit, according to a news report by Aaron Brilbeck of News9. Senate legislators agreed to set aside partisan politics and advance a measure that would raise the cigarette tax by $1.50 per pack, increase the beer tax and raise the …
Domestic oil futures surged on Monday despite weekend political disruptions in Saudi Arabia where some top officials and royal family members were detained, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate crude rose $1.71, or 3.1%, to settle at $57.35 a barrel, marking its sharpest daily gain in nearly one …
The latest weekly oil and gas rig count revealed steep declines for Oklahoma and the nation, according to Houston-based Baker Hughes Company. The U.S. rig count dropped by 11 to reach 898. Despite this setback, the nation is up 329 from a year ago when it had 569 working rigs. Oklahoma’s count fell by eight …
Crude oil futures had another strong end of week rally on Friday, with U.S. and global benchmark prices reaching their highest settlements in more than two years, according to Bloomberg MarketWatch. December West Texas Intermediate crude oil climbed $1.10, or 2%, to settle at $55.64 a barrel on the New York Mercantile Exchange, marking its highest …
Oklahoma’s contentious fight between horizontal drillers and those who operate older vertical oil wells is becoming more and more in the political spotlight as well as drawing national attention. First came news that the Oklahoma Energy Producers Alliance, the newly-formed group of vertical well operators planned to launch a petition drive for a vote of …
