Stocks of ethanol in the U.S. fell by 2 percent over the past week, according to a report from the U.S. Energy Information Administration. Production averaged 1.004 million barrels a day in the past week which translates into 42.17 million gallons daily. That’s an increase of 20,000 barrels a day in production from the previous …
Oklahoma City’s Devon Energy’s close to selling its 50 percent stake in the Access Pipeline in Western Canada according to a report by Bloomberg. Wolf Infrastructure, a midstream oil and gas firm backed by the Canada Pension Plan Investment Board is about to complete the deal that could be worth as much as $1.2 billion …
Crude oil futures closed out Tuesday on a higher note as OPEC forecasted higher demand with lower production next year, according to Bloomberg MarketWatch. August West Texas Intermediate crude climbed $2.04, or 4.6%, to end trading at $46.80 a barrel on the New York Mercantile Exchange, reaching its highest finish in nearly a week. On …
The government’s forecasting U.S. petroleum and other liquid fuels production will only grow in the coming decades. The U.S. Energy Information Administration predicts the production will grow from 14.8 million barrels a day in 2015 to 18.6 million barrels a day by 2040. The prediction comes in the EIA’s Annual energy Outlook 2016. And what does …
Oklahoma gasoline prices are down to a new statewide average of $2.02 a gallon, a drop of nearly 5 cents in the past week, according to AAA Oklahoma. It means Oklahoma has some of the cheapest gasoline in the country. Nationally, prices are at their lowest mark for the date since 2004, coming in …
Oil futures eroded on Monday upon news that OPEC production has reached its highest peak since August 2008, according to a Bloomberg MarketWatch report. S&P Global Platts indicated that OPEC’s June output surged by nearly 300,000 barrels a day from the previous month, sparking widespread concern that global output will continue to disrupt oil futures …
Oil and gas company bankruptcies as of June 30, 2016 have reached more than $61 billion in debt, according to an update from the bankruptcy law firm of Haynes and Boones in Texas and its Oil Patch Bankruptcy Monitor. The count still stands at 85 bankrupt North American oil and gas producers since early 2015 and …
Oklahoma House Speaker Jeff Hickman on Monday approved 71 interim studies requested by State Representatives. He chose to combine 32 of the 71 requested studies to make 13 individual studies, setting the state for 52 difference hearings if all of the interim study requests are heard. Two requests focus on oil and gas drilling and …
Two energy conferences in one. It’ll be in San Antonio in September when the DUG Eagle Ford conference is joined by the MIDSTREAM Texas conference. Both will be held Sept. 12-14 at the Gonzalez Convention Center in San Antonio. Some of the confirmed speakers include Brandon Seale, President of Howard Energy Mexico; Michele F. Joy, …
Second-quarter 2016 financial results are to be released next month by Oklahoma City-based Enable Midstream Partners, LP. The company plans to release them before market hours on Wednesday, Aug. 3 and then hold a conference call at 9 a.m. Oklahoma time on the same day to discuss the results. Enable’s assets includes 12,400 miles of …
