To hear Devon Energy’s Dave Hager put it, the oil and gas industry is just in the early stages of its technological developments that get the credit for the nation’s massive oil and gas renaissance. “We are just in the early innings on this type technology,” Hager told those attending a Society of Exploration Geophysicists …
Oil futures settled above $50 a barrel on Tuesday as investors awaited weekly data on crude oil supplies, according to Bloomberg MarketWatch. November West Texas Intermediate crude tacked on 35 cents, or 0.7%, to settle at $50.29 a barrel on the New York Mercantile Exchange, rebounding from $49.76 a barrel earlier in the day. The November …
An Oklahoma organization responsible for shaping public policy and influencing state government on energy matters has added several power industry leaders to its current board of directors. The State Chamber of Oklahoma has added the following five members to its board: Vicki Ayres-Portman, Outreach Manager, Clean Line Energy Partners (Guymon) Dusty Darr, Manager, Government Affairs, …
The Permian Basin in West Texas and southern New Mexico is gaining rigs according to figures from the U.S. Energy Information Administration. As of September, the basin picked up another 52 drilled but uncompleted wells, making a total of 1,378. The EIA also predicted the Permian’s November crude oil production will increase 30,000 b/d …
Fracking opponents in Maryland will be led in a parade this coming weekend by their governor Larry Hogan. The governor plans to join anti-fracking activists during the Autumn Glory Parade in the city of Oakland. He is the grand marshal of the parade and will lead activists in opposing Maryland’s plan to allow fracking in …
The Oklahoma Corporation Commission is planning another continuing education program later this month focusing on formation evaluation. Iain Pirie, a Principal Petrophysicist with Schlumberger will make a presentation regarding formation evaluation based on well logs and other evaluation technology. He will also address how the scope of formation evaluation has expanded to aid in the …
Colorado authorities are probing the reported possible release of sulfur dioxide at a refinery near Denver that experienced a power failure late last week. It occurred at the Suncor Energy, Inc. plant in Commerce City where plumes of orange and black smoke were sent into the air when the power failure resulted in a shut-down …
Oil futures settled below the crucial $50 a barrel benchmark on Monday as an increase in the number of active drilling rigs in the U.S. and rising crude output from major producers impacted trading, according to Bloomberg MarketWatch. November West Texas Intermediate crude slipped by 54 cents, or 1.1%, to settle at $49.81 a barrel on …
Another group is challenging hydraulic fracturing operations. This time, the Marcellus Shale Coalition has filed suit over Pennsylvania’s new rules governing the fracking process. The Coalition contends parts of the Chapter 78(a) rules went beyond the scope of the State Department of Environmental Protection’s regulatory authority. They also claim the new rules that took effect …
The Federal Energy Regulatory Commission has handed another blow to Williams Partners LP over the Tulsa company’s plans for a $3 billion pipeline to carry natural gas to the eastern part of the country. The Commission announced recently that landowners would have until Nov. 14 to comment on the new route alternatives for parts of Williams’s …
