Dallas-based Discovery Midstream Holdings LLC says it is partnering with Old Ironsides Energy LLC of Boston to pursue midstream infrastructure acquisition and greenfield development opportunities across the U.S. It’s a long-standing relationship the two firms have. Five years ago, Discovery President Mike Davis partnered with the Old Ironsides team to construct the Wildcat Sabine Pipeline …
Oil futures plunged for a sixth consecutive trading session on Thursday, according to Bloomberg MarketWatch. July West Texas Intermediate crude plummeted $1.80, or 3.8%, to end trade on the New York Mercantile Exchange at $46.21 a barrel, its lowest close since May 13. August Brent crude, the global benchmark, dropped $1.78, or 3.6%, on London’s …
North Dakota energy officials admit they were not surprised at the startling news this week that their state had suffered its largest monthly decline in oil production in state history. This despite its record production in the past few years because of the massive development of the Bakken play. “We were expecting a large production …
A financially challenged Midland, Texas well operator has reached a $19,000 settlement with the state of New Mexico over salt water spills at its injection sites and oil wells. Siana Operating agreed to do cleanup in the agreement with the New Mexico Oil Conservation Division in Santa Fe and also pay a penalty of $19,000 …
From the Norman Transcript and CNHI’s Janelle Stecklein. Brian Kalt believes he may have a solution for earthquake weary Oklahomans — even if oil and gas companies aren’t so convinced. Kalt runs a plant in West Virginia that processes nearly 10,000 barrels of wastewater from oil and gas wells in his state, as well …
With oil prices hitting at least $50 a barrel prior to dropping to $48 this week, oil drilling activity produced numerous healthy-producing hits in northwest Oklahoma, the area commonly called the “STACK.” Continental Resources had the largest well—the Verona that produced 2,345 barrels a day along with 5,966 Mcf of gas at a Blaine County …
In an effort to transform itself through restructuring, Oklahoma City-based Devon Energy Corp. announced on Wednesday that it will sell all remaining non-core assets in the Midland Basin of west Texas for a combined $858 million in two separate transactions. The latest non-core divestitures bump up the company’s recent sales amounting for nearly $2.1 billion, according to the company’s …
Crude oil futures finished lower on Wednesday as traders remained concerned about the buildup of U.S. oil supplies, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, July West Texas Intermediate crude slid 48 cents, or 1%, to end trading at $48.01 a barrel, marking a fifth consecutive decline. Earlier in the day, WTI …
Water and earthquakes will be the topic of the Oklahoma Bar Association’s General counsels’ Forum luncheon on Friday in Oklahoma City. Dr. Kyle E. Murray, a hydrogeologist for the Oklahoma Geological Survey and Adjunct Faculty for the ConocoPhillips School of Geology and geophysics at the University of Oklahoma will be the speaker. As the …
President Obama is expected to sign a final version of legislation approved this week by the U.S. Senate to ensure the safety of the nation’s pipeline network. Approval of S. 2276, the PIPES Act came Tuesday night and reauthorizes the Pipeline and Hazardous Materials Safety Administration (PHMSA) through fiscal year 2019. Senator Jim Inhofe, chairman …
