Oklahoma’s STACK has produced a big gas well in Blaine County, one producing more than 12,000 Mcf of natural gas according to the latest completion reports at OK Energy Today. Marathon Oil, based in Houston hit the Donna Dudley well several miles northwest of Geary and had a spud date of July 4 while drilling …
With liabilities of more than $700 million, Texas based Bennu Oil and Gas LLC has filed Chapter 7 bankruptcy and has shut down operations. The company said it has about $32.5 million in assets but most of its liabilities, about $495 million is owed to creditors whose claims are secured by property. Bennu Oil and Gas is …
Houston-based WildHorse Resource Development Corp. is the energy industry’s latest publicly traded company. The independent oil and natural gas exploration and production company launched an initial public offering up to nearly $650 million, according to the company’s recent U.S. Securities and Exchange Commission filing on Thursday. The company expects to receive about $513.7 million in …
On the heels of OPEC’s much needed and highly anticipated production cut, crude oil futures rallied on Thursday as both WTI and Brent crude settled over the crucial benchmark of $50 a barrel, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January WTI crude tacked on $1.62, or 3.3%, to settle at $51.06 a …
Figures from the State employment experts show unemployment rose in 68 of Oklahoma’s 77 counties in October compared to a year ago and some of the blame fell on the energy industry. Unemployment rates were unchanged in four counties and lower in five others, according to an announcement from the Oklahoma Employment Security Commission. Stephens …
While OPEC’s decision to cut oil production for the first time in 8 years won’t take effect until Jan. 1, Sen. James Lankford says it’s an indication the OPEC countries are suffering. “It signals to the world that many nations like Russia,Saudi Arabia and Venezuela are starting to feel the real pressure of these down …
A local Standing Rock tribal coalition is organizing a demonstration in downtown Oklahoma City for Thursday morning. The Global Day of Action is set for 9 a.m. at Kerr Park located at the corner of Robert S. Kerr Avenue and North Broadway Avenue. Organizers will accept supply donations which will be delivered to Standing Rock. Oklahoma …
While the announcement of OPEC’s production cut was made in Vienna on Wednesday, news traveled fast creating a surge in the domestic crude oil futures market for the day. In Oklahoma, the OPEC deal is considered good news for oil and natural gas producers. For the past few years, Oklahoma producers decreased output for economic …
The Williams Companies announced Wednesday that it is closing its Oklahoma City office effective July 30, 2017, citing consolidation efforts to simplify structure and operational alignment. The energy company confirmed it will relocate a majority of the 400 jobs to the Tulsa headquarters or other Williams locations, according to a company press release. “We also …
Crude oil futures posted vaulted to more than a 9% gain on Wednesday after news that OPEC reached an agreement to cut production for the first time in eight years, according to Bloomberg MarketWatch. At the Vienna summit conference, the 14-member OPEC cartel agreed to cut daily production by 1.2 million barrels a day to a …
