With exploration expansion underway in the Permian Basin, Houston-based Halliburton says it will hire another 200 workers for its operations in the region. Hiring is underway in Odessa, Texas; Brownfield, Texas and Artesia, New Mexico. The company has about 50,000 employees worldwide, down from its 2014 peak of 85,000 employees. Halliburton said it’s looking for …
Whether it was a strategy of waiting until oil prices rebounded of a lack of funds, Oklahoma City-based Chesapeake Energy is just reporting the completion of 8 wells in northwest Oklahoma, wells that in some cases were drilled in 2014. The completion reports, as published on OK Energy Today showed six wells completed in Woods …
After filing suit when the Bureau of Land Management refused to issue oil and gas drilling permits in Utah to Texas-based EnerVest, the BLM has come through but only after a federal judge ordered it to do so. The BLM issued the permits this week. Last month, EnerVest, based in Houston, went to court after …
Crude oil futures fell sharply lower on Tuesday as anxious traders awaited weekly government reports indicating whether OPEC and other major oil producers will stick to their pledge to curb production. On the New York Mercantile Exchange, February West Texas Intermediate crude fell by $1.39, or 2.6%, to settle at $52.33 a barrel, marking its lowest …
Dallas-based HollyFrontier Corporation says while unplanned maintenance and cold weather affected some of its refinery operations, its Tulsa refinery is accelerating maintenance. The Tulsa refinery experienced rate reduction in December because of unplanned issues with its reforming units. The company indicated it is taking advantage of the down time. The work will focus on the …
The federal government’s signed off on another step of Tulsa’s Williams Partners and its plan to construct the Atlantic Sunrise expansion project, an expansion of the existing Transco natural gas pipeline to connect Marcellus gas supplies with markets in the Mid-Atlantic and Southeastern U.S. The final Environmental Impact Statement was published Dec. 30 by the …
By all accounts, 2016 was a great year for Harold Hamm. Closing out the year, Hamm made the list of Fortune’s 12 People Who Made the Most Money in 2016. The Continental Resources CEO saw a gain of $8.4 billion. In terms of percentage gains, Hamm’s net worth rose by 121.5% over the course of …
After 75 years, an oil pipeline from the U.S. to Canada has been shut down. The 236-mile-long pipeline carried oil from the Port of Portland to refineries in Montreal. It was originally built to provide for the safe transport of crude oil to Quebec when German U-boats were sinking oil tankers in the western …
Despite losing ground on Friday, crude oil futures had their best annual rise since 2009, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate crude oil fell 5 cents, or 0.1%, to settle at $53.72 a barrel. Overall, WTI futures experienced a calendar year jump of nearly 45%. For December, the …
With oil prices hovering right around $53 a barrel for West Texas Intermediate, the rig counts in Oklahoma and across the U.S. are up over the past week. Baker Hughes Company in Houston reports Oklahoma’s count grew by two to reach 86. A year ago, the statewide count was 87. Nationally, the rig count grew …
