Already with a heavy commitment in Oklahoma’s STACK, Houston-based Newfield Exploration is now talking of possibly selling Bakken Shale assets in North Dakota to finance more drilling in northern Oklahoma. At the same time, the company’s chief executive officer, Lee Boothby offers some cautious optimism, suggesting the company needs more exploration time and a …
Now Vermont Sen. Bernie Sanders is getting involved in the fight to stop construction of the Dakota Access pipeline, the one that has drawn even Oklahoma Native Americans to North Dakota to protest the line. This time, Sanders joined three other Democratic Senators in asking President Barack Obama to personally intervene and stop the pipeline …
The Oklahoma Corporation Commission’s 2016 Oil and Gas Institute will be held on Friday, October 21, 2016 at the OU-Tulsa Schusterman Center. Topics to be covered at this year’s program include earthquakes, municipal regulation and key issues raised by the advancement in drilling technology. “This is an opportunity for attorneys, energy professionals and others to …
Houston-based Halliburton Company and Maryland-based U.S. Silica Holdings, Inc. announced Thursday the companies likely set a North American record by moving nearly 19,000 tons of U.S. Silica White® frac sand in a single train shipment from Ottawa, Illinois to Elmendorf, Texas. According to a Halliburton press release, BNSF Railway was used to transport the largest shipment of …
Oil futures fell on Friday despite a fourth consecutive week of gains as traders, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude lost 9 cents, or 0.2%, to settle at $50.35 a barrel. For the week, prices rose 1.1%, after posting gains in each of the last three weeks. …
Oklahoma’s newest publicly traded company is Mammoth Energy Services Inc. as the company finished a $116 million initial public offering. It was the first oil-field services company IPO since August of 2014. Executives were on hand Friday to ring the opening bell at Nasdaq. By later in the day, shares were trading at $14, below …
Oil and gas drilling rig counts make another dramatic increase nationally and in Oklahoma, increasing by 15 in the past week in the U.S. and going up 3 to reach a total of 73 in Oklahoma. Figures from Baker Hughes Company in Houston, those reflecting services offered by the company show the national rig count …
The Oklahoma Corporation Commission has red tagged an oil tank battery operation in Norman following another leak in a residential neighborhood of Norman. A spokesman at the OCC indicated the operation of the Frank Tullius battery has been the site of several previous spills in violation of the state regulations enforced by the Commission. The …
Reflecting just how badly the oil and gas downturn has hit some states, North Dakota’s oil production in August fell below 1 million barrels a day. The North Dakota Department of Mineral Resources says that’s well below the record 1.22 million barrels a day set in December 2014. The record was set just as …
Oklahoma City-based SandRidge Energy, the company that just emerged from bankruptcy is blamed in part for causing the largest recorded earthquake in Kansas history according to a report in the Wichita Eagle. The paper cites the U.S. Geological Survey which recently completed a study into the 2014 earthquake that registered 4.9 magnitude and had …
