Crude futures continued their end-of-year surge on Tuesday as trading resumed following the holiday, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate crude oil advanced 88 cents, or 1.7%, to settle at $53.90 a barrel. On the London ICE Futures Exchange, February Brent crude, the global benchmark, rose 93 cents, …
Richard E. “Rick” Muncrief was unanimously elected to WPX Energy’s board of directors as it next chairman effective January 1, 2017, according to a recent press release. Muncrief has served as WPX’s president and chief executive officer since May of 2014. During his tenure with the Tulsa-based company, Muncrief has led a comprehensive transformation at WPX including more …
Crude oil prices edged higher on Friday, settling at a 52-week high during an abbreviated holiday trade, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate futures added 7 cents, or 0.1%, to settle at $53.02 a barrel, marking its highest closing value since July 14, 2015. For the week, …
Little wonder the Oklahoma Corporation Commission decided last week to make a peremptory move about fracking and earthquakes in the SCOOP and STACK, the state’s two most active oil plays. Just a quick review of the drilling permits as published by OK Energy Today and issued for activity in the STACK, comprised of the drilling …
Both Oklahoma and the nation added more oil and gas drilling rigs in the past week, according to figures released Friday by Houston-based Baker Hughes Company. Oklahoma added 6 rigs to reach 84 while the nation’s count grew by 16, hitting a total of 653. The newest figure nationally includes 13 more oil rigs to …
A former oil and natural gas industry executive with Tulsa ties was appointed Tuesday to lead the New Mexico Energy, Minerals and Natural Resources Department. Ken McQueen previously served as a vice president of Tulsa’s WPX Energy, where he managed the company’s assets in the San Juan Basin of northwestern New Mexico and southern Colorado. …
Crude oil futures rebounded on Thursday, gaining ground after a surprise setback due to an unexpected jump in domestic inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate crude added 46 cents, or 0.9%, to settle at $52.95 a barrel. February Brent crude, the global benchmark, rose 59 cents, …
Crude oil prices plunged on Wednesday after conflicting stockpile reports and an unexpected rise in crude oil supplies shook the confidence of analysts and traders, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, February West Texas Intermediate crude fell 81 cents, or 1.5%, to settle at $52.49 a barrel. Meanwhile, February Brent crude, …
Tulsa-based NGL Energy Partners LP made a strategic big play when it announced Tuesday that the company paid nearly $51 million for certain assets from the Murphy Energy Corporation bankruptcy case. “We are excited to add the Port Hudson Terminal and Kingfisher Facility to our asset base as we continue to expand our midstream presence …
Tom Ward is stepping down as CEO of Oklahoma City-based Tapstone Energy effective January 1, according to a company press release and report by The Oklahoman. Steven C. Dixon will replace Ward as Tapstone’s CEO. Dixon most recently served as Executive Vice President of Operations and Geosciences and Chief Operating Officer of Chesapeake Energy. He …
