A record horizontal injection well of more than 26,000 feet has been drilled by ConocoPhillips Alaska Inc. in the State of Alaska. At the same time, the company has ordered a massive powerful new drilling rig. The site called CD5 is in the Colville river Unit on Alaska’s North Slope and is the first …
A West Virginia company claims its solution to wastewater or saltwater from oil and gas wells will eventually put injection wells out of business. Clean Water, LLC based in Charleston, West Virginia is attempting to move from the laboratory to small field operations to expand its operations. “It absolutely works,” claims engineer and project manager …
As oil and gas prices rise, there is a steady increase in enrollment of pipeline safety classes offered in Oklahoma City at the U.S. Department of Transportation’s Transportation Safety Institute. Mike Baldwin at the Institute located at the Mike Monroney Federal Aviation Administration center has noticed the recent surge in interest. “It’s now up around …
As the East Coast prepared for the landfall of Hurricane Matthew, crude oil futures climbed above $50 a barrel on Thursday, according to Bloomberg MarketWatch. Traders were optimistic that the potential for storm-related disruptions in several southeastern states could contribute to an overall decline in the nation’s inventory levels. November West Texas Intermediate crude climbed …
Devon Energy Corp. announced Thursday that it has completed the divestiture of its 50% ownership in Access Pipeline to Wolf Midstream for $1.1 billion, according to a company press release. The Oklahoma City-based energy company also has the right to receive an incremental $120 million payment from Wolf Midstream with the sanctioning and development of …
General Electric’s put out a slick magazine with the title of “Innovating for the Future of Energy” as part of the grand opening this week of its $125 million Global Research Oil and Gas Technology Center in Oklahoma City. Director Mike Ming is quoted in the magazine as pointing out how GE is emerging …
Oil futures finish higher on Wednesday after U.S. government data revealed an unanticipated drop in crude oil inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, November WTI crude rose $1.14, or 2.3%, to settle at $49.83 a barrel. On the London ICE Futures Exchange, November Brent crude, the global benchmark, added 99 cents, …
General Electric’s new $125 million oil and natural gas technology center is formally being opened this week in downtown Oklahoma City. The opening comes three years after GE announced it would build the center and broke ground. GE executives joined Oklahoma officials in commemorating the huge center, the first GE research center to focus on …
Tulsa-based Citizen Energy has had some success in Grady and Canadian counties, hitting at least two wells that produced more than 1,100 barrels of oil equivalent a day. They were not eye-popping producers like some of the 2,000-barrel-a-day-plus wells reported in some parts of the STACK but are still sizeable producers. One well, the Rosemary …
Oklahoma City-based SandRidge Energy, Inc. announced Tuesday it has emerged from Chapter 11 bankruptcy proceedings after satisfying all of the necessary requirements under its court-approved reorganization plan. The oil and natural gas producer exited bankruptcy with approximately $525 million in total liquidity by combining its unrestricted cash balance with the availability under its first lien credit …
