Recent layoffs at Linde Engineering North America affected 25 workers at the company’s Tulsa-based operations, according to a report by The Tulsa World. In a brief company statement, Linde indicated the decision was made based on continued economic challenges and the need to better align resources to serve customers. The company confirmed on Friday that …
Category: Oil & Gas
Saddlehorn Pipeline from Platteville to Cushing is Operational
A pipeline connecting Platteville, Colorado to the crude oil storage hub in Cushing, Oklahoma is now operational. The Saddlehorn pipeline pushed its initial delivery into Cushing in late August. The Saddlehorn oil pipeline is capable of transporting at least 190,000 barrels per day of crude oil from the Denver-Julesburg Basin. Saddlehorn will own origin points …
Sundance Energy’s $1.2 Million Judgment Against Dan D. Drilling is Affirmed by 10th Circuit
Ruling in favor of Oklahoma City-based Sundance Energy Oklahoma LLC, the 10th U.S. Circuit Court of Appeals affirmed a $1.2 million judgment on Friday against Dan D. Drilling and engineering firm Tres Management for a 2012 incident in which a driller was killed, according to a report in The Oklahoman. As the well operator, Sundance …
Williams Asks Feds for Pipeline Expansion Approval
The Federal Energy Regulatory Commission’s being asked by Williams Partners and its Transcontinental Gas Pipe Line Company to construct a 475,000 dekatherm per day gas pipeline expansion in Texas to Louisiana. It carries a price tag of more than $3 billion. Williams intends to use the line to connect U.S. natural gas supplies with global …
WTI and Brent Crude Settle Higher on Friday, Lower for the Week
Crude oil futures rallied on Friday as August’s slow job growth decreased pressure on demand for oil, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude rose $1.28, or 3%, to settle at $44.44 a barrel. For the week, prices were down roughly 6.7%. On London’s ICE Futures Exchange, …
Oil and Gas Rig Counts Grow in Oklahoma and the U.S.
Both Oklahoma and the U.S. oil and gas rig counts grew over the past week with Oklahoma adding four more rigs to reach a total of 66 working rigs, according to figures released by Baker Hughes Company. The nation’s count grew by 8 to hit 497 working rigs including one more oil rigs and 7 …
Pioneer Wraps up $435 million Purchase from Devon Energy
Irving, Texas-based Pioneer Natural Resources Co. has finalized the $435 million dollar deal it made earlier in the year to buy nearly 28,000 Midland Basin core acreage from Oklahoma City-based Devon Energy. The acreage is located in Martin, Midland, Upton, Reagan, Glasscock, Andrews, Dawson, Gaines and Howard counties in Texas and has a production mix …
Pipeline Protesters End up in Jail
BISMARCK, N.D. (AP) — Arrests have been made in North Dakota and Iowa during protests against the construction of the Dakota Access oil pipeline. Authorities cut free a man who bound himself to construction equipment and arrested at least two protesters Wednesday during a rally near Highway 6 outside St. Anthony, North Dakota. The site …
West Texas Intermediate, Brent Plunge to $45 on Thursday
Oil futures closed down more than 3% lower on Thursday as doubts persisted over the potential for a crude oil production freeze, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, October West Texas Intermediate crude fell by $1.54, or 3.5%, to settle at $43.16 a barrel. On London’s ICE Futures Exchange, November Brent …
D&L Oil Tools Awarded API Certificates
Tulsa-based D&L Oil Tools announced on Tuesday that its Quality Management System has been granted API Q1 certification from the American Petroleum Institute. D&L was also awarded an 11D1 Monogram License for Packers and Bridge Plugs. Only two independent manufacturers in the U.S. have earned this distinction for both Packers and Bridge Plugs. The API …