Officials with Enterprise Products Partners say most of the oil that leaked Sunday night from its Seaway Crude Pipeline system at Cushing was contained in a retention pond The leak happened at a facility belonging to Enbridge Inc., a joint-owner of the Seaway Crude Pipeline company with Enterprise. Enterprise shut down the 400,000-bpd pipeline …
An underground wastewater disposal from oil and natural gas production is to blame for the third-largest earthquake in Oklahoma, according to a report issued Monday by the U.S. Geological Survey. The USGS said the 5.1 magnitude earthquake that struck northwest of Fairview in February was likely induced by distant disposal wells. The agency’s report …
Oil futures retreated on Monday following news that Iraq is unwilling to participate in OPEC’s coordinated production deal, according to Bloomberg MarketWatch. December West Texas Intermediate crude dropped 33 cents, or 0.7%, to settle at $50.52 a barrel on the New York Mercantile after a brief dip below $50. December Brent crude, the global benchmark, fell 32 …
Houston, Texas based Newfield Exploration continues with its discoveries of major oil producing wells in Oklahoma’s STACK, the massive oil play located in Canadian, Blaine and Kingfisher counties. As show on OK Energy Today’s Completion Reports, Newfield’s biggest find in recent weeks was a well producing 1,229 barrels of oil a day at a site …
The head of the Oklahoma Independent Petroleum Association says it’s clear the hope is the state’s oil and gas industry will continue to see improvements to offer relief to the Oklahoma economy. Writing in the Journal Record, Mike Terry reflected on how the Oklahoma Energy Index recently showed a gain of 100 jobs, a gain …
An oil spill is being cleaned up by Seaway Crude Pipeline Company workers at the Cushing tank farm. The company confirms the crude oil release from its pipeline near the intersection of Linwood Avenue and Texaco Road in Cushing but does not offer details as to how much crude was leaked. “There is no threat …
Oil futures finished slightly higher on Friday, with West Texas Intermediate prices marking a fifth-consecutive weekly gain, according to Bloomberg MarketWatch. December WTI crude added 22 cents, or 0.14%, to settle at $50.85 a barrel on the New York Mercantile Exchange. Prices reflected a gain of about 1% for the week. December Brent crude, the global …
Oklahoma City University will host its 2016 Energy Conference on Wednesday, November 30, 2016 from 11:30 a.m. until 1:00 p.m. The Energy Conference on Engagement and Advocacy: Connecting with Our Stakeholders will be presented by OCU’s Meinders School of Business in the Gardner Conference Room located on the 3rd Floor. Keynote speakers include Robin Olsen, …
Tulsa-based Midstates Petroleum Company, Inc. announced Friday that it has emerged from Chapter 11 bankruptcy protection, eliminating $2 billion of debt and more than $185 million of annual interest expenses, according to a report by The Oklahoman. Midstates’ new capital structure consists of a $170 million revolving credit facility and nearly $75 million in total liquidity. Low …
While the nation’s oil and gas rig count increased by 14 in the past week, the count in Oklahoma remained at 73 from last week, according to oilfield servicing company, Baker Hughes Inc. of Houston, Texas. The U.S. count reached 553 but is still 234 below last year’s count at this time of 787. So …
