Tulsa-based Williams Companies announced Thursday that three current Board of Directors members will voluntarily not stand for re-election upon the expiration of their terms at the 2016 Annual Meeting. The three Board members are: Joseph Cleveland, a director since 2008 and former chief information officer at Lockheed Martin Corporation. Cleveland previously held executive positions at …
Category: Oil & Gas
WTI, Brent Posts Third Consecutive Weekly Gain Despite Friday’s Settlement Below $50
Oil futures retreated back under the crucial benchmark of $50 on Friday despite posting their third weekly consecutive gain, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude fell by 63 cents, or 1.3%, to settle at $49.81 a barrel. For the week, prices reflected an increase of nearly 3.3% …
Rig Counts Grow in Oklahoma and the U.S.
The latest rig count from Houston-based Baker Hughes shows an increase nationally and in Oklahoma. The firm that services oil and gas rigs nationally reported the U.S. count grew by 2 to reach 524 while the Oklahoma count added two as well, hitting 70 active rigs. Nationally, the number of oil rigs grew by 3 …
Royalty Owner Battles OKC Federal Judge and Production Company
Shot down by an Oklahoma City federal judge in his effort to move his lawsuit against Sheridan Production Company back to a state court, Oklahoma royalty owner Tony Whisenant appealed to the Tenth Circuit court of Appeals in Denver. District Judge Vickie Miles-LaGrange had denied his motion to return the lawsuit to Beaver County District …
ConocoPhillips Sets Drilling Record in Alaska and Puts in Order for Monster Drilling Rig
A record horizontal injection well of more than 26,000 feet has been drilled by ConocoPhillips Alaska Inc. in the State of Alaska. At the same time, the company has ordered a massive powerful new drilling rig. The site called CD5 is in the Colville river Unit on Alaska’s North Slope and is the first …
West Virginia Firm Claims Its Process will Clean Polluted Water—-Put Injection Wells Out of Business
A West Virginia company claims its solution to wastewater or saltwater from oil and gas wells will eventually put injection wells out of business. Clean Water, LLC based in Charleston, West Virginia is attempting to move from the laboratory to small field operations to expand its operations. “It absolutely works,” claims engineer and project manager …
As Oil Prices Rise, so Does Interest in Federal Pipeline Safety Courses
As oil and gas prices rise, there is a steady increase in enrollment of pipeline safety classes offered in Oklahoma City at the U.S. Department of Transportation’s Transportation Safety Institute. Mike Baldwin at the Institute located at the Mike Monroney Federal Aviation Administration center has noticed the recent surge in interest. “It’s now up around …
WTI, Brent Settle Above $50 as Hurricane Matthew Thrashes East Coast
As the East Coast prepared for the landfall of Hurricane Matthew, crude oil futures climbed above $50 a barrel on Thursday, according to Bloomberg MarketWatch. Traders were optimistic that the potential for storm-related disruptions in several southeastern states could contribute to an overall decline in the nation’s inventory levels. November West Texas Intermediate crude climbed …
Devon Completes Access Pipeline Divestiture for $3.2 Billion
Devon Energy Corp. announced Thursday that it has completed the divestiture of its 50% ownership in Access Pipeline to Wolf Midstream for $1.1 billion, according to a company press release. The Oklahoma City-based energy company also has the right to receive an incremental $120 million payment from Wolf Midstream with the sanctioning and development of …
GE Officials call it a ‘Great Day’ to Open new OKC Energy Research Center
General Electric’s put out a slick magazine with the title of “Innovating for the Future of Energy” as part of the grand opening this week of its $125 million Global Research Oil and Gas Technology Center in Oklahoma City. Director Mike Ming is quoted in the magazine as pointing out how GE is emerging …