The STACK’s latest big hits to be reported to the Corporation Commission are three wells by Houston, Texas based Marathon Oil Company…the largest coming in at more than 2,000 barrels of oil a day. The Marjorie in Blaine County is producing 2,070 barrels a day along with 3,285 Mcf of gas, according to the completion reports …
Oil futures collapsed on Monday after OPEC’s weekend meeting of major oil producers failed to gain acceptance of the cartel’s proposed production curtailment, according to Bloomberg MarketWatch. December West Texas Intermediate crude plunged $1.84, or 3.8%, to settle at $46.86 a barrel on the New York Mercantile Exchange. December Brent crude, the global benchmark, dropped …
The Denver federal appeals court has ruled against environmentalists and a Navajo tribal group fighting to stop the Bureau of Land Management from approving permits to drill in the San Juan Basin in New Mexico and Colorado. It represented another win for supporters of the fracking technology. The U.S. 10th Circuit Court said the coalition …
While Native Americans are protesting construction of a nearly $4 billion oil pipeline in North Dakota, not far away the State of Montana and the federal government plan to see compensation over a 2015 oil pipeline spill into the Yellowstone River. The U.S. Department of Interior joined the state in indicating it wants damages paid …
Tulsa-based Williams Companies Inc. is reporting a third quarter 2016 net income of $61 million while its third quarter adjusted earnings totaled $1.1 billion. The adjusted earnings totaled $1.192 billion, an increase of 8% or $89 million from a year earlier, according to a filing the company made early Monday with the Securities and Exchange …
General Electric, the company that recently formally opened its new oil and gas energy research site in Oklahoma City has reached a nearly $30 billion deal to combine its oil and gas business with Baker Hughes Inc. The “New” Baker Hughes will be a leading equipment, technology and services provide in the oil and gas industry …
Alan Armstrong, President and CEO of the Williams Companies, was honored on Wednesday by the Tulsa Press Club as one of its 2016 Headliners Club inductees. The Headliner awards recognize outstanding civic, business, professional and industry leaders of the Tulsa community. This is the 60th year of the awards. Since 1956, many of Tulsa’s oil …
Tulsa-based Williams Partners L.P. announced Friday that it will extend the targeted full in-service date for its Atlantic Sunrise expansion project to mid-2018, according to a company press release. The partnership expects to begin a portion of its service during the second half of 2017. The revision is due to a recently updated schedule of …
Oil futures settled lower on Friday, prior to the widely anticipated OPEC meeting in Vienna, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate crude fell $1.02, or 2.1%, to settle at $48.70 a barrel. For the week, WTI finished down by nearly 4.2%. Futures are up about 1% for the …
The latest oil and gas rig count from Baker Hughes shows the national count increased by four in the past while the number in Oklahoma remained the same as last week. Oklahoma’s count stayed at 73 while the national count added up to 557 active oil and gas rigs. That’s a decline of two oil …
