Oklahoma’s STACK is as busy as ever with four energy companies recently reporting completed wells in the play. None of the wells reported production more than 800 barrels a day. Eight recent completion reports, as published by OK Energy Today, were filed for Canadian County. Tulsa-based Cimarex Energy, a company that focuses on drilling …
Yet again, Canada is leading the way with the addition of 110 new rigs last week while the U.S. rig count fell by a total of six, according to the Baker Hughes rig count released on Friday. Canada now has a total of 315 rigs, up 88 rigs when compared with last year’s count of …
Crude oil futures settled lower on Friday as traders were skeptical about compliance with the OPEC production cut, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate crude fell by 64 cents, or 1.2%, to settle at $52.37 a barrel. For the week, prices saw a weekly decline of about 3%. …
From Devon Energy—–word that it will issue its fourth-quarter and full-year 2016 earnings release on Tuesday, Feb. 14. The Oklahoma City-based company says the release will be made after the close of U.S. financial markets on that day. A day later on the 15th, the company will hold a conference call at 10 a.m. central …
A record amount of natural gas was delivered by Transco interstate gas pipeline to meet demand during the recent cold weather along the Eastern Seaboard. Transco, owned by Tulsa-based Williams Partners L.P. announced it delivered 13.7 million dekatherms on Jan. 8. The previous peak-day level was 13.5 million dekatherms set on Jan. 7, 2015. The …
Crude oil futures soared on Thursday as it appears the OPEC production cut is working, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate crude climbed 76 cents, or 1.5%, to settle at $53.01 a barrel, marking their highest settlement price since Friday. On the London ICE Futures Exchange, March Brent …
Continental Resources is reporting a 2,000 barrel a day well in the STACK. A completion report shows the Angus Trust well located a few miles west of the Blaine County community of Greenfield and north of Geary produced 2,008 barrels a day from the Mississippi Solid. It also produced a whopping 15,322 Mcf of gas when …
The pipeline company that’s in a fight not only with Native American protesters in North Dakota as well as the federal government, now finds itself in a $4 million legal battle with landowners. Dakota Access Pipeline, owned by a Dallas-based company was sued in federal court by a dozen families. They accused the firm of …
Austin, Texas-based Parsley Energy announced it’s made a deal to buy $607 million in properties in the Midland and southern Delaware basins in West Texas. Some of the transactions are still pending. The company also acquired some mineral interests in the Southern Delaware Basins for $43 million. Parsley said it is financing the acquisitions through …
Crude oil futures settled higher on Wednesday as data confirmed OPEC’s compliance with the curbed production agreement, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate crude rose $1.43, or 2.8%, to settle at $52.25 a barrel. March Brent crude, the global benchmark, advanced $1.46, or 2.7%, to end trading at …
