The number of drilling rigs increased in the nation’s oil and gas patch in the past week, growing by 4 to reach a total of 597 while Oklahoma added two, according to figures from the Baker Hughes Company. The nation’s count increased 3 additional oil rigs to reach 477 and one more gas rig to …
Chesapeake Energy is launching a new company logo for 2017, according to a news report by The Oklahoman. Chesapeake employees were provided a first peek at meetings held this week. The new logo reflects changes in the company and the oil and natural gas industry, according to the report. “Over the past three years, Chesapeake …
Oklahoma City-based Chesapeake Energy Corporation announced Friday that Gloria Boyland was appointed to the Board of Directors effective November 30, 2016. Boyland will serve as a member of the Audit Committee and stand for re-election at the 2017 annual meeting to be held on May 19, 2017, according to a company press release. Boyland is …
Oklahoma’s STACK has produced a big gas well in Blaine County, one producing more than 12,000 Mcf of natural gas according to the latest completion reports at OK Energy Today. Marathon Oil, based in Houston hit the Donna Dudley well several miles northwest of Geary and had a spud date of July 4 while drilling …
With liabilities of more than $700 million, Texas based Bennu Oil and Gas LLC has filed Chapter 7 bankruptcy and has shut down operations. The company said it has about $32.5 million in assets but most of its liabilities, about $495 million is owed to creditors whose claims are secured by property. Bennu Oil and Gas is …
Houston-based WildHorse Resource Development Corp. is the energy industry’s latest publicly traded company. The independent oil and natural gas exploration and production company launched an initial public offering up to nearly $650 million, according to the company’s recent U.S. Securities and Exchange Commission filing on Thursday. The company expects to receive about $513.7 million in …
On the heels of OPEC’s much needed and highly anticipated production cut, crude oil futures rallied on Thursday as both WTI and Brent crude settled over the crucial benchmark of $50 a barrel, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January WTI crude tacked on $1.62, or 3.3%, to settle at $51.06 a …
Figures from the State employment experts show unemployment rose in 68 of Oklahoma’s 77 counties in October compared to a year ago and some of the blame fell on the energy industry. Unemployment rates were unchanged in four counties and lower in five others, according to an announcement from the Oklahoma Employment Security Commission. Stephens …
While OPEC’s decision to cut oil production for the first time in 8 years won’t take effect until Jan. 1, Sen. James Lankford says it’s an indication the OPEC countries are suffering. “It signals to the world that many nations like Russia,Saudi Arabia and Venezuela are starting to feel the real pressure of these down …
A local Standing Rock tribal coalition is organizing a demonstration in downtown Oklahoma City for Thursday morning. The Global Day of Action is set for 9 a.m. at Kerr Park located at the corner of Robert S. Kerr Avenue and North Broadway Avenue. Organizers will accept supply donations which will be delivered to Standing Rock. Oklahoma …
