Oil futures advanced on Friday while logging a gain of more than 8% for the week, according to Bloomberg MarketWatch. September West Texas Intermediate crude rose 67 cents, or 1.4%, to settle at $49.71 a barrel on the New York Mercantile Exchange—the highest finish for a most active contract since May 26. WTI ended nearly 8.6% …
Category: Oil & Gas
WTI and Brent Crude Post Gains on Thursday
Oil prices continued to climb on Thursday as support from four weeks of falling domestic crude supplies contributed to a gain, according to Bloomberg MarketWatch. September West Texas Intermediate crude rose 29 cents, or 0.6%, to settle at $49.04 a barrel on the New York Mercantile Exchange. September Brent crude, the global benchmark, added 52 cents, …
Oil and Gas Contribute to Oklahoma’s Economic Growth in Early 2017
Figures released Wednesday from the federal government show Oklahoma’s economy continued with its growth in the first quarter of the year, beating the national trend. And much of it is credited to the state’s resurgence in oil and gas activity. The real gross domestic product, GDP increased by 1.9% in Oklahoma while the national …
WTI and Brent Crude Advance Wednesday on News of Drop in U.S. Crude Supplies
Oil prices finished at their highest level in nearly two months, buoyed by government data revealing a fourth straight week of domestic crude inventory declines, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude rose 86 cents, or 1.8%, to settle at $48.75 a barrel. September Brent crude, the …
Tallgrass Energy Boosts Bottom Line With $350 Million in Strategic Acquisitions Since May
Kansas-based Tallgrass Energy Partners, LP has completed nearly $350 million in strategic acquisitions by its terminals and water services businesses since May 2, according to a company press release issued on Wednesday. “Today’s announcements clearly demonstrate TEP’s expansive footprint and ability to grow through strategic and accretive acquisitions as well as through organic commercial development,” …
Brent Crude Charges Past $50 a Barrel as Oil Futures Rally on Tuesday
Oil prices surged on Tuesday as government data continued to suggest another drop in crude inventories following Saudi Arabia and Nigeria’s pledge to OPEC limiting output, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, September West Texas Intermediate crude rallied by $1.55, or 3.3%, to settle at $47.89 a barrel. On the London ICE …
OKOGA Hosts Successful STACK Swine Show For Oklahoma Ag Community
The Oklahoma Oil & Gas Association debuted its first STACK Summer Classic pig show at the Kingfisher County Fairgrounds on Saturday, hosting 275 statewide entries by more than 100 youth participants. “The STACK Summer Classic was an excellent evening of celebrating Oklahoma’s youth and their hard work on their livestock projects,” said Bray Haven, OKOGA field …
Basin Environmental Hires Jason Voskuhl to Manage New Tulsa Office
Oklahoma City-based Basin Environmental & Safety Technologies has expanded with the opening of a new office in Tulsa, according to a report by The Oklahoman. The Native American-owned small business also announced the hiring of 20-year industry veteran Jason Voskuhl as the Tulsa office manager and vice president of engineering and environmental compliance programs. Founded …
Milestone $535 Million Case Overturned Against Energy Transfer Partners by Appellate Court
Dallas-based Energy Transfer Partners, L.P. is having a rough week. OK Energy Today reported on Monday that the pipeline company’s expedited plans for Ohio’s Rover Pipeline have been met with federal and state regulatory orders halting further construction until the company has completed a large-scale remediation project due to numerous spill violations. A three-judge panel …
Newfield Drilling Seven New Wells in the SCOOP
Garvin County seems to be a new center of activity lately. A quick check of the Permits to Drill report on applications in Oklahoma reveals Houston-based Newfield Exploration Mid-Con, Inc. is drilling seven new wells in Garvin County, Oklahoma, according to the daily permits report for July 17, 2017. The wells are within the Springer …