Oklahoma’s STACK has yielded another sizable oil well for Newfield Exploration Mid-con Inc., a well producing more than 1,000 barrels a day. As completion reports shown by OK Energy Today indicate, the Apache well located about 4 miles southeast of Kingfisher was drilled and completed last year. The filing of the report by the Houston, …
Oklahoma City-based Mammoth Energy Services Inc. announced Tuesday that it will acquire Sturgeon Acquisitions, LLC, Stingray Energy Services, LLC and Stingray Cementing, LLC for seven million shares of Mammoth common stock. The deal is worth over $133 million, according to a company press release. “In keeping with the plan initially outlined at the time of …
Oil prices dropped on Tuesday ahead of the release of weekly government data expected to reveal a rise in domestic crude supplies, according to Bloomberg MarketWatch. April West Texas Intermediate crude declined by 88 cents, or 1.8%, to settle at $47.34 a barrel on the New York Mercantile Exchange. The contract, which expired at the settlement, …
Tulsa-based Williams Companies, Inc. announced Tuesday that United States Magistrate Judge T. Lane Wilson will become the company’s senior vice president and general counsel, according to a company press release. Wilson succeeds Sarah Miller, who previously announced her resignation. Judge Wilson will report directly to Williams President and Chief Executive Officer Alan Armstrong. Judge Wilson …
Crude oil prices traded at their lowest level in nearly a week as an uptick in active domestic rigs renewed concerns over domestic production, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, April West Texas Intermediate crude shed 56 cents, or 1.2%, to settle at $48.22 a barrel, ahead of the contract’s expiration at …
Crude oil settled slightly higher on Friday to eke out a weekly gain despite a jump in the U.S. active rig count, according to Bloomberg MarketWatch. April West Texas Intermediate crude gained 3 cents, or less than 0.1%, to settle at $48.78 a barrel on the New York Mercantile Exchange. May Brent crude, the global benchmark, …
Farmers and ranchers affected by recent wildfires are the recipients of a broad philanthropic effort initiated by three state organizations with Oklahoma ties. The Oklahoma Oil & Gas Association (OKOGA), the Coalition of Oklahoma Surface and Mineral Owners (COSMO) and the law firm of Burns & Stowers, P.C. have united to raise $30,000 for members …
Crude oil prices sank on Thursday as domestic production threatened OPEC’s efforts to rebalance the market, according to Bloomberg MarketWatch. April West Texas Intermediate crude oil edged down by 11 cents, or 0.2%, to settle at $48.75 a barrel on the New York Mercantile Exchange. May Brent crude, the global benchmark, shed 7 cents, or 0.1%, …
Colorado environmental officials are still investigating an oil pipeline break earlier this month that spilled about 4,800 gallons in the northwest part of the state near the town of Rangely. The oil flowed from a Chevron Corporation pipeline into a stream on public land in Rio Blanco County. It was described as a 6-inch pipeline …
Crude oil futures rebounded on Wednesday to post gains following the Federal Reserve’s announcement to raise interest rates, according to Bloomberg MarketWatch. April West Texas Intermediate crude rose $1.14, or 2.4%, to settle at $48.86 a barrel on the New York Mercantile Exchange. On the London ICE Futures Exchange, May Brent crude, the global benchmark, gained …
