The growing interest of the nation’s oil and gas industry in the big oil plays in Oklahoma and the Permian Basin of Northwest Texas is reflected by a swelling count of rigs, according to the latest figures released by Texas-based Baker Hughes. More rigs are apparently being taken out of storage and put back …
As oil production in Oklahoma is on the upswing, the downturn is still taking away revenue and production in what once was one of the biggest oil producing sections of the country—-North Dakota’s Bakken play. The North Dakota Department of Mineral Resources reports September production dropped by more than 10,000 barrels, doing from more than …
Oil futures dropped on Thursday as some traders remained skeptical that OPEC would be in a position to require compliance among all members that they must adhere to a production limit, according to Bloomberg MarketWatch.. On the New York Mercantile Exchange, December West Texas Intermediate crude fell 15 cents, or 0.3%, to settle at $45.42 …
With record setting high temperatures this week in Oklahoma, prices of propane for winter heating purposes aren’t doing much. The U.S. Energy Information Administration reported Thursday that residential heating oil and propane prices started the winter heating season at levels similar to last winter’s levels. “Inventories of both fuels are near or above five-year …
Continental Resources and its density unit tests in Blaine County are coming through for the company’s STACK exploration with results now known for 8 wells from its density tests. The Oklahoma City company, founded and operated by billionaire Harold Hamm filed six more completion reports this week for its LUDWIG density testing with five showing production …
Crude oil futures settled above $45 a barrel on Wednesday after posting slight losses for the day, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate crude fell 24 cents, or 0.5%, to settle at $45.57 a barrel after a brief spike well above $46. Prices were trading above $45 …
While a North Dakota oil pipeline is the focus of hundreds of protesters, another pipeline under construction is moving ahead with little public notice. It’s the $353 million Nueva Era Pipeline and Howard Midstream Energy Partners, LLC of San Antonio just closed on project financing. The project, a nearly 200-mile natural gas pipeline will connect …
The STACK and the SCOOP might have the interests of energy companies in Oklahoma, and they have certainly attracted some Texas firms in exploring for new shale oil, but the Permian Basin in West Texas remains the nation’s big oil zone. This week, the U.S. Geological Survey announced a new estimate of oil in place …
Continental Resources is reporting success in the STACK with two big wells, one producing more than 2,300 barrels of oil a day in Blaine county. The LUDWIG was completed Sept. 25 following a spud date of March 22 and the end of drilling on June 12. Its completion showed production of 2,353 barrels of oil …
U.S. Senator Jim Inhofe (R-Oklahoma) sounded off Tuesday on the Bureau of Land Management’s final rule on methane and oil and gas operations on public and Indian lands. “This purely political move by the Obama administration is a last ditch effort to save the president’s crumbling climate legacy,” said Inhofe. “BLM’s rule on methane and …
