Tulsa-based Williams Partners L.P. announced Friday that it will extend the targeted full in-service date for its Atlantic Sunrise expansion project to mid-2018, according to a company press release. The partnership expects to begin a portion of its service during the second half of 2017. The revision is due to a recently updated schedule of …
Category: Oil & Gas
Crude Oil Settles Below $50 on Friday
Oil futures settled lower on Friday, prior to the widely anticipated OPEC meeting in Vienna, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate crude fell $1.02, or 2.1%, to settle at $48.70 a barrel. For the week, WTI finished down by nearly 4.2%. Futures are up about 1% for the …
Oklahoma Stays Steady while Nation’s Rig Count Increases Slightly
The latest oil and gas rig count from Baker Hughes shows the national count increased by four in the past while the number in Oklahoma remained the same as last week. Oklahoma’s count stayed at 73 while the national count added up to 557 active oil and gas rigs. That’s a decline of two oil …
Morrissette’s Next Earthquake News Conference to Feature Those with Earthquake Damage
State Rep. Richard Morrissette, a critic of the state’s handling of how to respond to the growth in earthquakes in Oklahoma plans another news conference in the coming days. The Democrat from Oklahoma City plans a news conference Nov. 2 at 11a.m. at the state capitol. The announcement said it will be held “to hear …
Conoco Took $1 billion Third Quarter Hit
Conoco took a $1 billion third quarter hit but company leaders still contend the firm has momentum entering the 4th quarter. “Our underlying business performance is delivering strong momentum as we had into 2017,” said Ryan Lance, Chairman and CEO. The $1 billion loss was about 9 percent less than a year ago. The company, …
Laid-Off Halliburton Workers Eligible for Federal Jobless Help
The State Employment Security Commission says laid-off workers at Halliburton Energy Services Inc. technology Duncan are now eligible for the Trade Act program by the U.S. Department of Labor. The act is meant to provide help to those who lose jobs or significant work hours because of increased imports or a shift in production …
OPEC Deal, Inventory Dip Buoys Crude Oil Settlements on Thursday
With West Texas Intermediate remaining below $50 a barrel, crude oil futures climbed on Thursday as traders seemed optimistic about the possibility of an OPEC production output deal and a surprise drop in domestic crude inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December WTI crude gained 54 cents, or 1.1%, to end …
Devon CEO Talks of 4,000 barrel a day Oil Wells in STACK
Wells testing close to 4,000 barrels a day in Oklahoma’s STACK? It’s what Devon Energy CEO Tony Vaughn was talking about Thursday when he delivered an afternoon keynote address at Hart Energy’s DUG Midcontinent convention in Oklahoma City. “A very special position—a very special play,” he told the audience at the Cox Convention Center, explaining …
Ponca Tribal Members Critical of Injection Wells Causing Earthquakes
While the city of Pawnee and the Pawnee Nation prepare to hold an earthquake forum on Saturday, some members of the Ponca Tribe make it clear they firmly blame the energy industry’s wastewater injection wells for causing earthquakes in the region. Especially the 5.8 magnitude early-September quake that turned out to be the strongest ever recorded …
Houston Firm Hits 1,000 Barrel a Day Well in STACK
The latest 1,000 barrel-a-day plus-well to be hit in Oklahoma’s STACK is reported by Houston, Texas based Oklahoma Energy Acquisitions LP. The firm’s completion report, as published Thursday by OK Energy Today, indicated the Lankard well saw production of 1,039 barrels of oil a day along with 3,519 Mcf of gas. The well had an …