While Native Americans protest in North Dakota and environmentalists do the same in Oklahoma and other states with oil pipelines, a report from the Association of Oil Pipe Lines says they are still the safest way to move oil and gas across the country. David Murk, API Pipeline Manager says the report confirms the priority …
West Texas Intermediate crude oil futures ended higher on Tuesday while Brent crude traded slightly lower as investors awaited weekly data to substantiate the anticipated rise in crude oil inventories, according to Bloomberg MarketWatch. October West Texas Intermediate crude rose by 14 cents, or 0.3%, to settle at $43.44 a barrel on the New York Mercantile …
A Tulsa pipeline company and a Wynnewood refinery operator are collaborating on an oil pipeline to serve operators in Oklahoma’s SCOOP play, according to a report by The Oklahoman. Velocity Midstream Partners LLC and CVR Refining LP announced Monday that two of their subsidiaries will form a joint venture to build a pipeline and terminal …
Three massive gas and oil wells have been reported in Oklahoma’s Grady County by the Houston, Texas energy firm, Vitruvian Li Woodford LLC. One of the wells had 18,555 Mcf of gas at its site located east of Rush Springsl The Anita Fowler also produced 377 barrels of oil a day. It had a …
Devon Energy’s 2015 investment in 80,000 acres in Oklahoma’s oil-rich STACK play in Blaine, Canadian and Kingfisher counties is paying off as the company reports hitting another well that’s producing nearly 2,000 barrels a day. The “Blue Ox” well is located in Blaine County and south of State highway 3 midway between Kingfisher and Watonga. It …
WPX Energy is trimming its workforce again. The oil and natural gas producer is cutting 41 additional jobs in Tulsa, which represents 6 percent of the company’s workforce, according to an announcement on Monday. The cuts affect service-related positions related to measurement, land, marketing, finance, accounting, human resources and information technology. WPX said it will …
Oil futures edged slightly higher on Monday, buoyed by Venezuelan reports that suggest a deal to stabilize the global oil supply is imminent between nations inside and outside OPEC, according to Bloomberg MarketWatch. October West Texas Intermediate crude added 27 cents, or 0.6%, to settle at $43.30 a barrel on the New York Mercantile Exchange. November …
Those oil and gas rig counts issued on Fridays by Houston-based Baker Hughes Company can sometimes be confusing. Take for instance the case of the firm’s report that the rig count in Kansas is zero, same as it was last week. However, another listing of rig activity indicates Kansas has at least 31 active rigs. …
Oklahoma led the way last week with three new rigs while the U.S. rig count fell by two, according to the Baker Hughes rig count released on Friday. Canada lost two rigs for a total of 132. Canada is down 50 rigs when compared with data from a year ago. The U.S. rig count deceased …
Oil futures continued to fall on Friday, with WTI settling near $43 and Brent crude barely making it over $45, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude fell 88 cents, or 2%, to settle at $43.03 a barrel, marking its lowest finish since August 10. For the week, …
