The Oklahoma Energy Resources Board announced the launch of its new online platform on Tuesday. EnergyHQ will provide news, research and related content in the U.S. energy industry. The site will focus on the latest technologies, advancements and the people shaping the industry. It is designed as an educational resource for the oil and natural …
Crude oil futures mounted a strong comeback on Tuesday, snapping a three-session losing streak to finish at their highest level in two weeks, according to Bloomberg MarketWatch. December West Texas Intermediate crude jumped $2.49, or 5.8%, to settle at $45.81 a barrel on the New York Mercantile Exchange after tallying losses of more than 4% over …
A graduate of the University of Oklahoma’s Mewbourne School of Petroleum & Geological Engineering is pledging significant financial support for the Center for the Creation of Economic Wealth (CCEW) at OU’s Michael F. Price College of Business, according to a report by The Oklahoman. Distinguished Oklahoma City oil executive Ronnie Irani’s donation is aimed at …
The Oklahoma Oil and Gas Association will host a Friday luncheon featuring a panel with four major oil and natural gas company executives discussing investments in the SCOOP and STACK. They’ll also be discussing the industry’s vision of how the plays will shape Oklahoma’s future oil and gas development. The SCOOP and STACK are considered …
Protesters opposing the Dakota Access Pipeline will hold a demonstration on Tuesday morning at the SkyDance Bridge near downtown Oklahoma City. Protesters will gather at 9 a.m. with a march to follow at 10 a.m. The local demonstration is intended to show solidarity and support with those at the Standing Rock Reservation in North Dakota. …
Construction is on hold again for the Dakota Access Pipeline as the U.S. Army Corps of Engineers indicated on Monday that more information is needed before the agency decides whether to proceed with granting an easement that crosses under a portion of the Missouri River. “The Army has determined that additional discussion and analysis are …
Natural gas futures settled at their highest level in a week on Monday as traders bet that weather will provide a boost in demand to reduce record inventory levels of the fuel ahead of the peak winter heating season, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December natural gas rallied by 13 cents, …
Both Oklahoma and the U.S. started the week with one less oil and gas rig in the mix, according to figures from Baker Hughes Co. of Houston. The national count slipped by one to reach 568, which is still 199 fewer rigs than the 767 counted a year ago at this time. Oklahoma’s count was …
With the financial help of Denver-based Aspen Energy Partners, Citadel Casing Solutions of Houston has launched operations after getting its initial investment. Citadel was founded in July by former employees of Halliburton Co. and now manufactures casing equipment and accessories in support of well construction and wellbore integrity, according to a recent report in the …
Australia’s Samson Oil and Gas says it’s reduced its outstanding debt to $19 million through the closing of the North Stockyard sale of its holdings in North Dakota’s Bakken play. At the same time, Mutual of Omaha Bank has increased the company’s borrowing base to $20 million as part of a new syndicated loan involving …
