Houston-based Halliburton Company and Maryland-based U.S. Silica Holdings, Inc. announced Thursday the companies likely set a North American record by moving nearly 19,000 tons of U.S. Silica White® frac sand in a single train shipment from Ottawa, Illinois to Elmendorf, Texas. According to a Halliburton press release, BNSF Railway was used to transport the largest shipment of …
Category: Oil & Gas
Despite Weekly Gains, WTI and Brent Crude Slide on Friday
Oil futures fell on Friday despite a fourth consecutive week of gains as traders, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November West Texas Intermediate crude lost 9 cents, or 0.2%, to settle at $50.35 a barrel. For the week, prices rose 1.1%, after posting gains in each of the last three weeks. …
Mammoth Energy Goes Public
Oklahoma’s newest publicly traded company is Mammoth Energy Services Inc. as the company finished a $116 million initial public offering. It was the first oil-field services company IPO since August of 2014. Executives were on hand Friday to ring the opening bell at Nasdaq. By later in the day, shares were trading at $14, below …
More Oil and Gas Rigs Reported in Oklahoma and U.S.
Oil and gas drilling rig counts make another dramatic increase nationally and in Oklahoma, increasing by 15 in the past week in the U.S. and going up 3 to reach a total of 73 in Oklahoma. Figures from Baker Hughes Company in Houston, those reflecting services offered by the company show the national rig count …
Oil Tank Battery Operator Facing Corporation Commission Citations
The Oklahoma Corporation Commission has red tagged an oil tank battery operation in Norman following another leak in a residential neighborhood of Norman. A spokesman at the OCC indicated the operation of the Frank Tullius battery has been the site of several previous spills in violation of the state regulations enforced by the Commission. The …
North Dakota Oil Production Falls Below 1 million Barrels Daily
Reflecting just how badly the oil and gas downturn has hit some states, North Dakota’s oil production in August fell below 1 million barrels a day. The North Dakota Department of Mineral Resources says that’s well below the record 1.22 million barrels a day set in December 2014. The record was set just as …
USGS Blames SandRidge for Largest Recorded Earthquake in Kansas
Oklahoma City-based SandRidge Energy, the company that just emerged from bankruptcy is blamed in part for causing the largest recorded earthquake in Kansas history according to a report in the Wichita Eagle. The paper cites the U.S. Geological Survey which recently completed a study into the 2014 earthquake that registered 4.9 magnitude and had …
WTI, Brent Settle Above $50 a Barrel on Thursday
Weekly data from government reports buoyed crude oil futures on Thursday as settlements remained above $50 a barrel, according to Bloomberg MarketWatch. Prices soared with natural gas futures reaching their highest level since December 2014, resulting in a modified outlook increasing price expectations for the heating fuel. On the New York Mercantile Exchange, November West …
Borehole Test Operation Doubled in Size with $2.5 million Expansion
Announced this week—-Catoosa Test Facility has completed a $2.5 million expansion at its Pawnee County operation, a completion that will double borehole testing capacity for oilfield manufacturers. Located near Jennings, midway between Stillwater and Tulsa, the expansion was actually finished in July but it enabled CTF to add a second drilling rig to allow 18 …
Senior Notes Offerings by Phillips 66 Partners and Dynegy Inc.
Two Houston-based energy firms have announced massive senior notes deals. While Phillips 66 Partners LP is announcing a $1.125 billion Senior Notes Offering, Dynegy Inc. is closing its offering of $750 million senior notes. The Phillips offering includes notes due 2026 and in 2046 and the proceeds will be used to pay the cash consideration …