Houston, Texas-based Newfield Exploration has launched plans to construct a wastewater recycling facility near Kingfisher, heart of Oklahoma’s STACK play. The facility will allow the oil and gas company to treat the wastewater and re-use it in fracking operations, rather than injecting it back into the earth and possibly increasing the risk of earthquakes. “Over …
Oil prices settled much higher on Wednesday following the release of data from the Energy Information Administration which revealed a weekly rise in domestic crude inventories that was below some market forecasts, according to Bloomberg MarketWatch. May West Texas Intermediate crude rose $1.14, or 2.4%, to settle at $49.51 a barrel on the New York Mercantile …
Crude oil prices settled higher on Tuesday, bolstered by OPEC’s likelihood to extend its production curb agreement, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, May West Texas Intermediate crude oil rose 64 cents, or 1.3%, to settle at $48.37 a barrel, marking its highest finish since March 20. On the London ICE Futures …
The oil and gas exploration in Oklahoma’s STACK isn’t letting up if one of the latest filings of permits to drill is any indication. Seven requests for Kingfisher county were filed on March 27 as seen in OK Energy Today. The requests were filed by Newfield Exploration, Overflow Energy LLC, and Chesapeake Energy. Newfield filed …
A year after Energy Transfer Partners, L.P. ended a proposed $33 billion merger with Williams Cos. of Tulsa, the Dallas-based company is moving ahead on a merger with Sunoco Logistics Partners L.P. The Williams Cos. merger, announced in 2015, turned into a legal mess and fight. But now the Securities and Exchange Commission has approved …
Under pressure as OPEC decides whether to extend its production cuts, crude oil prices dropped on Monday, according to Bloomberg MarketWatch. May West Texas Intermediate crude fell 24 cents, or 0.5%, to settle at $47.73 a barrel on the New York Mercantile Exchange. May Brent crude, the global benchmark, lost 5 cents, or 0.1%, to end …
A new oilfield service company is being formed as a result of a joint venture between Schlumberger Ltd. and Weatherford International PLC. The two companies plan to provide completions products and services, targeting unconventional resource plays in North America. Executives of the two firms expect to close the agreement in the second half of …
Tulsa’s John Hope Franklin Reconciliation Park was the venue on Saturday afternoon for a conclave of more than 60 people attended the “Stand Against Diamond Pipeline” rally, according to The Tulsa World. The event was sponsored by a local organization, Tulsa Stands With Standing Rock. The group, which is exclusively composed of 13 Native American …
The last surviving grandchild of Frank Phillips, Oklahoma’s renowned oilman, has died. Robert B. Phillips, age 87, died February 2. Phillips was a longtime Tulsa resident and founder of the Phillips Agency, an advertising and public relations firm. He was the son of John G. Phillips, the only son of Jane and Frank Phillips. Phillips …
Both Oklahoma and the U.S. saw big jumps in rig counts in the past week according to figures released by Baker Hughes. Oklahoma’s count jumped by 7 to reach 118. A year ago, the state had only 63 working oil and gas rigs. Nationally, the count grew by 20, reaching 809 active rigs. The jump …
