The amount of the contract wasn’t disclosed, but Louisiana based Danos, a company founded on tugboat and energy operations has won a major Williams Partners contract to do piping and valve modifications at a North Carolina operation. Danos is a company with 1,800 employees and will carry out the work at the Pine Needle LNG …
The latest oil and gas rig count revealed another week of declines for Oklahoma and the U.S., according to Houston-based Baker Hughes Company. The nation’s rig count dropped by three to reach 946, up from a year ago when it had 491 working rigs. Oklahoma’s count fell by one in the past week to reach …
Oil prices surged higher on Friday as the number of active domestic oil rigs fell for the week, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude jumped $1.42, or 3%, to settle at $48.51 a barrel. The current contract expires at Tuesday’s settlement. For the week, WTI lost …
After posting losses for the past three days, oil prices rebounded on Thursday as traders continued to weigh data showing the biggest weekly fall in domestic crude supplies in nearly one year but also the highest total U.S. production level in more than two years, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, …
The Oklahoma Independent Petroleum Association (OIPA) has launched a mobile app designed to provide necessary safety information to Oklahoma’s oil and natural gas industry workers, according to a press release issued on Tuesday. Available on the Apple App Store for iOS devices and the Google Play store for Android users, the OIPA QuickGuide Health and …
Oil futures settled lower on Wednesday following the U.S. Energy Information Administration report which revealed a significant but lower than expected drop in crude inventories, according to Bloomberg MarketWatch. September West Texas Intermediate crude shed 77 cents, or 1.6%, to settle at $46.78 a barrel on the New York Mercantile Exchange. On the London ICE Futures …
Crude oil investors trimmed earlier losses on Tuesday as they await weekly government data reports, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude oil fell 4 cents, or less than 0.1%, to settle at $47.55 a barrel. On the London ICE Futures Exchange, October Brent crude, the global benchmark, …
Oklahoma City-based Chaparral Energy, Inc. posted a net income of $21.4 million or 47 cents per share, according to a press release issued on Monday. The company announced an adjusted EBITDA of $42.5 million, which is a 15 percent quarter-over-quarter increase. “Chaparral had a very good quarter, fueled by continued best-in-class execution, strong well results …
Crude oil futures plunged on Monday as an output report showed rising production by OPEC members, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude oil dropped $1.23, or 2.5%, to settle at $47.59 a barrel. On the London ICE Futures Exchange, October Brent crude, the global benchmark, fell …
Updating some of the newest reported completions in Oklahoma’s STACK, Chesapeake Operating had three successful wells near Hennessey. According to the reports shown by OK Energy Today, it was a multi-unit site, 7 18N 5W or about 7 miles southeast of Hennessey in Kingfisher county. The largest of the wells produced 263 Boed. The smallest had …
