Oil and gas rig counts in Oklahoma and the U.S. moved upward slightly in the past week with the state’s count growing by one to 60 and the nation adding one to hit 463, according to figures from Baker Hughes Co. of Houston, Texas. Oklahoma’s count of 60 compares to 107 a year ago. Nationally, the U.S. …
The SandRidge Mississippian Trust I headquartered in Austin, Texas announced a quarterly distribution for the three-month period ended June 30 of $1.2\ million or $0.0412 per unit. The official distribution is expected to happen on or before August 26 to holders of record. The trust indicated total sales volumes were slightly lower than the previous …
Ethanol production in the U.S. dropped last week from the previous week’s historic high. Figures from the U.S. Energy Information Agency indicated production dropped 31,000 barrels a day, resulting in an average daily production of 998,000 barrels or 41.92 million gallons a day. Ethanol production had exceeded a million barrels a day in five of …
Houston, Texas-based Sabine Oil and Gas Corp. has won approval of a Manhattan judge for its financial reorganization, clearing the way for the producer to come out of Chapter 11. The independent company filed more than a year ago and had been fighting creditors ever since. But U.S. Bankruptcy Judge Shelley chapman recently held a …
The final Fiscal Year 2016 revenues for the state of Oklahoma came in nearly 10 percent below the official estimate and they showed once again, oil and gas revenues were dismal not only for June but for the year. Wait till you read just how much. June General Revenue Fund collection missed the estimate by …
Natural gas futures commanded center stage on Thursday, rallying to their largest one-day percentage gain of the year as weakened oil futures continued on a spiral decline, according to Bloomberg MarketWatch. On its first full trading day as a front month contract, September natural gas rose 21.3 cents, or 8%, to settle at $2.873 per …
A year ago, Anadarko Petroleum Corp. reported making a profit in the second quarter of the year. This year, it’s a different story as the Houston, Texas based firm reported a second-quarter loss of $692 million. Its losses were $1.36 a share basis and adjusted for non-recurring costs, they came to 60 cents per share. …
A few days after ConocoPhillips announced the cut of a thousand workers from the company payroll, causing some consternation in the company’s Bartlesville operation, the firm reported a cut in its 2016 budget for the third time this year. Amidst the crude oil slump that’s now in its second year, the company cuts the capital …
DES MOINES, Iowa (AP) — The Texas company planning a crude oil pipeline that will cut across Iowa received the final federal permit approvals Tuesday needed to proceed with construction. Documents posted by the Iowa Utilities Board show the U.S. Army Corps of Engineers approved 60 river crossings in Iowa for Dakota Access, a decision …
Cleanup was underway this week off the coast of southeast Louisiana of an oil spill apparently caused by a leak from an abandoned pipeline. The U.S. Coast Guard said the leak happened near marshland along Lake Grand Ecaille, which is about 60 miles southeast of New Orleans. The owner of the abandoned line is listed …
