A decision by the U.S. government to get out of the commercial helium business in the next five years has refiners and customers looking to Canada to fill their helium needs. A majority of the U.S. helium demand is filled by an underground reserve in Amarillo, Texas. The reserve supplies everything from party balloons to …
Halliburton has renamed Mark McCollum as the Houston company’s Executive Vice President and Chief Financial Officer. The announcement says the appointment will be effective immediately. McCollum will continue reporting to Dave Lesar, Chairman and Chief Executive Office at the company and will also remain a member of the company’s Executive Committee. Christian Garcia, who …
Both Oklahoma and the U.S. start the July 4th week with a pickup in oil rigs. Oklahoma added four in the past week to reach a working total of 58 while the U.S. count picked up 10 rigs to reach a total of 431, according to the latest figures provided by Baker Hughes Company of …
Oil futures rallied on Friday after data revealed a favorable drop in crude oil inventories coupled with a rise in active U.S. oil rigs for the week, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude tacked on 66 cents, or 1.4%, to end trading at $48.99 a barrel, …
A Louisiana lawsuit accusing two former executives of setting up sham companies to allegedly rob Superior Energy Services subsidiary Stabil Drill Specialites of tens of millions of dollars includes a Yukon oilfield executive. The suit filed recently in Lafayette, Louisiana names longtime Stabil Drill executives Martin A,. LeBlanc and Christopher J. Russo of stealing …
Those Oklahoma exploration companies who’ve been busy in the state of North Dakota and its Bakken field find themselves facing new rules aimed at reducing spills in the oil patch. The North Dakota Industrial Commission has approved the rules despite the objections by the oil and gas industry. Among the new requirements will be …
What researchers are studying in West Texas has the attention of oil and gas people and others in Oklahoma—recycle oil and gas wastewater. Texas A & M is looking into treating the wastewater, recycling it and using it to irrigate farmland. And so far, it appears to be working according to News 9’s Alex Cameron …
After posting their largest gain since April, crude oil futures retreated on Thursday despite posting the greatest quarterly gain since 2009, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude dropped $1.55, or 3.1%, to settle at $48.33 a barrel. WTI prices gained over 26% for the second quarter, …
He passed up on “the crown jewel” of U.S. gas pipelines. Billionaire oilman Kelcy Warren is not commenting publicly about his decision this week to back out of what started as a $38 billion merger of his Energy Transfer Equity company in Dallas with Tulsa-based Williams Companies. But others are, according to a …
Western Colorado’s wild Roan Plateau is the focus of the U.S. Bureau of Land Management as the federal agency moves to protect it from more natural gas drilling. The BLM approved plans this week to put provisions in place in a 2014 compromise among conservation groups and natural gas producer Bill Barrett Corp. Barrett surrendered …
