The Trump Administration claims a Montana federal judge has no authority to challenge a presidential permit for the Keystone XL oil pipeline as the government seeks to finally clear the way for the pipeline by dismissing a lawsuit that would block the project, according to a news report published in the Houston Chronicle. U.S. Department …
Category: Oil & Gas
WTI Settles Above $50 While Brent Crude Tops $56 a Barrel on Tuesday
Crude oil futures jumped to settle above $50 a barrel on Tuesday as global news and a hurricane-induced slowdown in crude output lifted domestic prices to their highest level in over a week, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude gained $1.34, or 2.7%, to settle at …
OIPA Hosts Lunch and Learn Cyber Security Event on October 17
The Oklahoma Independent Petroleum Association will host a free Lunch and Learn event on Tuesday, October 17, 2017 from 11:30 a.m. to 1 p.m. at the OIPA Headquarters located at 500 N.E. 4th Street in Oklahoma City. OIPA Partner Alias Forensics and FBI Special Agent Richard Lay will discuss the current cyber security issues threatening …
Williams’ Transco Pipeline Expansion Ready to Service New York Customers
Tulsa-based Williams Partners L.P. announced Monday that it has placed into service an expansion of its Transco pipeline system to increase natural gas delivery capacity to New York City by 115,000 dth per day in time for the 2017/2018 heating season, according to a company press release. The New York Bay Expansion provides additional capacity for much-needed …
LINN Energy to Announce Third Quarter Results in Early November
Houston-based LINN Energy, Inc. plans to release its third quarter 2017 financial results next month. The company announced Monday that it will host a conference call on Thursday, November 9, 2017 at 10 a.m. central time. There will be prepared remarks by Mark E. Ellis, President and Chief Executive Officer as well as David B. …
Continental and Newfield STACK It Up in Blaine and Kingfisher Counties
Two oil and gas companies are reporting further success in three oil and gas production wells from the STACK. Completion reports published by OK Energy Today for October 10, 2017 reveal two more huge wells by Oklahoma City-based Continental Resources in the STACK territory of Blaine County. The first, identified as the Mowery, brought in a well producing 1,071 …
Oil Prices Rise Slow and Steady on Monday
Crude oil futures remained steady, settling slightly higher on Monday as industry analysts contend a rebalancing process is in the works, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude added 29 cents, or 0.6%, to settle at $49.58 a barrel. December Brent crude, the global oil benchmark, rose 17 cents, …
Linn Unloads Wyoming’s Washakie Property for $200 Million, Increases Repurchase Program to $400 Million
Houston-based Linn Energy recently announced it has signed an agreement to sell its interest in the company’s Wyoming properties to an undisclosed buyer for $200 million, according to a company press release. The Board also authorized plans to repurchase $400 million of Linn’s outstanding Class A common stock. “This latest sale of non-core assets is …
Rig Count: Oklahoma Gains Three, U.S. Drops by Four
The latest weekly oil and gas rig count revealed a drop for the nation while the rig count is up in Oklahoma and solid growth in Kansas, according to Houston-based Baker Hughes Company. The nation’s rig count fell by four to reach 936, up from a year ago when it had 524 working rigs. Oklahoma …
Crude Oil Prices Plunge on Friday
Oil futures took a deep dive on Friday as both West Texas Intermediate and Brent crude lost over a dollar per barrel in active trading, according to Bloomberg MarketWatch. November West Texas Intermediate crude fell $1.50, or 3%, to settle at $49.29 a barrel on the New York Mercantile Exchange. For the week, WTI prices finished …