Tulsa-based Samson Resources Corp. announced Monday that Joseph A. Mills has been selected to be president and CEO of the restructured company, according to a Tulsa World report. Mills has nearly 35 years of experience in the oil and gas industry, including public company management experience. Most recently, he served as Chairman of the Board …
Crude oil futures were flat on Friday but fell for the week—caught between larger-than-expected growth in U.S. crude stocks and reports that OPEC members may exercise an option to extend a pact to cut production by six months, according to Bloomberg MarketWatch. March West Texas Intermediate crude rose 4 cents, or less than 0.1%, to settle …
The U.S. oil and gas rig count rose by 10 in the past week while in Oklahoma, the count slipped by one but remained more than 100 active rigs. The Baker Hughes rig report showed the national count grew to 751. The count included six more oil rigs to reach a total of 597. The …
At least one injury was reported when a Pittsburg County natural gas well exploded early Thursday afternoon, according to The Oklahoman. The explosion occurred near Quinton, Oklahoma, about 100 miles southeast of Tulsa. State troopers and the county sheriff’s office were notified around 12:30 p.m. Multiple volunteer fire departments and emergency management crews also converged …
Domestic oil futures rose slightly as Brent crude and natural gas posted losses on Thursday, according to a report by Bloomberg MarketWatch. March West Texas Intermediate crude edged up by 25 cents, or 0.5%, to settle at $53.36 a barrel on the New York Mercantile Exchange. On London’s ICE Futures Exchange, April Brent crude, the global …
Tulsa-based Samson Resources Corporation announced Monday that the U.S. Bankruptcy Court for the District of Delaware has confirmed its reorganization plan, according to a company press release. Samson’s settlement plan was approved by voting creditors, including 100 percent of first lien and second lien lenders and holders of over 99 percent of unsecured claims. The successful confirmation …
Tulsa-based The Williams Companies, Inc. appointed Micheal G. Dunn as the partnership’s Executive Vice President and Chief Operating Officer effective February 27, 2017, according to a company press release issued on Wednesday. In this newly created role, Dunn will focus on optimizing operations to enhance Williams’ competitive advantage and advance the execution of Williams’ long-term …
Crude oil futures fell on Wednesday as data from the Energy Information Administration revealed the largest uptick in domestic supply inventories since 1982, according to a Bloomberg MarketWatch report. March West Texas Intermediate crude edged down by 9 cents, or 0.2%, to settle at $53.11 a barrel on the New York Mercantile Exchange. On London’s ICE …
Although it was reported that Continental Resources Inc. had some recent success in Blaine County, it is apparent that the company has dialed in to its production program in order to realize a favorable outcome in other areas of the state. OK Energy Today recently published a completion report on February 16, 2017 for the …
Oklahoma City-based Continental Resources Inc. scored some success in recent wells completed in Blaine County, one of the three main counties that make up the STACK play. A recent filing of completion reports released by the Corporation Commission and published by OK Energy Today showed billionaire Harold Hamm’s company had four completed wells in Blaine …
