With record setting high temperatures this week in Oklahoma, prices of propane for winter heating purposes aren’t doing much. The U.S. Energy Information Administration reported Thursday that residential heating oil and propane prices started the winter heating season at levels similar to last winter’s levels. “Inventories of both fuels are near or above five-year …
Continental Resources and its density unit tests in Blaine County are coming through for the company’s STACK exploration with results now known for 8 wells from its density tests. The Oklahoma City company, founded and operated by billionaire Harold Hamm filed six more completion reports this week for its LUDWIG density testing with five showing production …
Crude oil futures settled above $45 a barrel on Wednesday after posting slight losses for the day, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate crude fell 24 cents, or 0.5%, to settle at $45.57 a barrel after a brief spike well above $46. Prices were trading above $45 …
While a North Dakota oil pipeline is the focus of hundreds of protesters, another pipeline under construction is moving ahead with little public notice. It’s the $353 million Nueva Era Pipeline and Howard Midstream Energy Partners, LLC of San Antonio just closed on project financing. The project, a nearly 200-mile natural gas pipeline will connect …
The STACK and the SCOOP might have the interests of energy companies in Oklahoma, and they have certainly attracted some Texas firms in exploring for new shale oil, but the Permian Basin in West Texas remains the nation’s big oil zone. This week, the U.S. Geological Survey announced a new estimate of oil in place …
Continental Resources is reporting success in the STACK with two big wells, one producing more than 2,300 barrels of oil a day in Blaine county. The LUDWIG was completed Sept. 25 following a spud date of March 22 and the end of drilling on June 12. Its completion showed production of 2,353 barrels of oil …
U.S. Senator Jim Inhofe (R-Oklahoma) sounded off Tuesday on the Bureau of Land Management’s final rule on methane and oil and gas operations on public and Indian lands. “This purely political move by the Obama administration is a last ditch effort to save the president’s crumbling climate legacy,” said Inhofe. “BLM’s rule on methane and …
The Oklahoma Energy Resources Board announced the launch of its new online platform on Tuesday. EnergyHQ will provide news, research and related content in the U.S. energy industry. The site will focus on the latest technologies, advancements and the people shaping the industry. It is designed as an educational resource for the oil and natural …
Crude oil futures mounted a strong comeback on Tuesday, snapping a three-session losing streak to finish at their highest level in two weeks, according to Bloomberg MarketWatch. December West Texas Intermediate crude jumped $2.49, or 5.8%, to settle at $45.81 a barrel on the New York Mercantile Exchange after tallying losses of more than 4% over …
A graduate of the University of Oklahoma’s Mewbourne School of Petroleum & Geological Engineering is pledging significant financial support for the Center for the Creation of Economic Wealth (CCEW) at OU’s Michael F. Price College of Business, according to a report by The Oklahoman. Distinguished Oklahoma City oil executive Ronnie Irani’s donation is aimed at …
