While Oklahoma and the nation saw increased drilling rig counts in the past week, the June numbers also released by Houston-based Baker Hughes Incorporated showed an international rig count drop of 28 from May to June. The June count stood at 927, a decline of 219 from the 1,146 reported in June 2015. The …
Oil futures ended slightly higher on Friday, while crude experienced its largest weekly loss since early February, according to a Bloomberg MarketWatch report. On the New York Mercantile Exchange, August West Texas Intermediate crude rose 27 cents, or 0.6%, to end trading at $45.41 a barrel. Prices fell 7.3% overall for the week. On London’s …
Denver-based DCP Midstream LLC, the midstream segment’s largest natural gas processor, confirmed that it has closed its Tulsa office, according to a news report published by The Tulsa World on Saturday. Jerry Barnhill, a senior vice president for the midstream company, said shutting down the Tulsa office affected about 100 employees. Barnhill said the closure …
The Williams Companies, Inc. announced that its 2016 Annual Meeting of Stockholders will be held on Wednesday, November 23, 2016. Stockholders of record at the close of business on October 7, 2016 will be entitled to vote at the Annual Meeting, according to the company’s press release issued on Friday. Stockholder proposals must be submitted …
Blu Hulsey, vice president of government relations and regulatory affairs at Oklahoma City’s Continental Resources, has been named Member of the Year by the Oklahoma Independent Petroleum Association. Hulsey was recognized by the OIPA for his work in leading industry efforts to repeal the nation’s ban on crude oil exports. Leading a coalition of …
The rig count gain for Oklahoma was only one in the past week, but at least the state joined the total U.S. count in making an addition of oil and gas rigs. Oklahoma’s count inched up slightly to reach 59 rigs while the nation’s count increased by 9 to hit 440. Nationally, the increase included …
Oil futures fell on Thursday after U.S. government data reports revealed a lower than expected weekly decline in crude oil inventories, according to Bloomberg MarketWatch. August West Texas Intermediate crude slid $2.29, or 4.8%, to settle at $45.14 a barrel on the New York Mercantile Exchange. Earlier in the day, WTI was trading at $47.85 …
Tulsa-based NGL Energy Partners LP announces that because of more shipper interest, a second binding open season started Thursday for its wholly owned Grand Mesa Pipeline LLC crude oil pipeline. The announcement indicated potential shippers will have access to the open season documents upon execution of a confidentiality agreement with Grand Mesa. The Grand Mesa …
A judge’s recent ruling in Texas is keeping alive a man’s lawsuit against TransCanada’s southern route of the Keystone XL pipeline, the one completed two years ago carrying oil from Cushing south to the Gulf Coast refineries. Texas landowner Michael Bishop filed suit, accusing TransCanada for “fraud, conspiracy to commit fraud, misrepresentation, perjury, theft, bribery, …
TransCanada Keystone Pipeline LP is still fighting the Obama administration in the President’s rejection of the Keystone Xl pipeline. It recently urged a Texas federal judge to nullify the administration’s denial of the cross-border permit for the pipeline. In a filing in Houston, TransCanada argued the President’s action and claim of constitutional authority lacks historical support. …
