The STACK keeps on delivering for Oklahoma City’s Devon Energy and Houston-based Newfield Exploration while Tulsa’s Petroquest reports five more gas wells in gas-rich southeastern Oklahoma. As indicated by the latest completion reports revealed on OK Energy Today, Devon Energy’s hit a well producing more than 1,600 barrels of oil daily in Blaine county. The MARMOT …
Two groups of individuals voluntarily dismissed their lawsuits against Oklahoma City-based oil and natural gas companies on Thursday, but pledged to refile their claims soon, according to a NewsOK report issued by Adam Wilmoth. In February, Lisa Griggs and April Marler as well as Brenda and Jon Darryn Lene filed lawsuits in Logan County, Oklahoma …
Constitution Pipeline Co LLC asked the Federal Energy Regulatory Commission on Friday for a 24-month extension to construct its 124-mile, 30-inch diameter interstate pipeline from Susquehanna County, Pennsylvania to a proposed interconnection with Iroquois Gas Transmission System, L.P. in Schoharie County, New York, according to a statement made available by the FERC. Tulsa-based Williams Partners, …
With investors worried about the oil supply glut coupled with a rise in active U.S. oil rigs, crude oil futures lost ground on Friday, according to Bloomberg MarketWatch. Marking its lowest settlement since May 9, September West Texas Intermediate crude fell by 56 cents, or 1.3%, to settle at $44.19 a barrel on the New …
The U.S. rig count surged by 15 to 462, according to the Baker Hughes weekly rig count released on Friday. Oil rigs were up by 14 to 371, with gas rigs down by one to 88 and miscellaneous rigs up by two to three. Leading the pack with the largest gain in North America, Texas …
Crude oil futures fell on Thursday as investors remained cautious due to the existing glut of domestic oil inventories as crude production wanes, according to Bloomberg MarketWatch. September West Texas Intermediate crude slid by $1, or 2.2%, to settle at $44.75 a barrel on its first full trading day on the New York Mercantile Exchange as …
OKLAHOMA CITY (21 July 2016) – A state legislator who is terming out this year plans to convene one more public hearing to examine potential options for disposing of brine produced during oil and gas exploration. The House Committee on Energy and Natural Resources will convene an interim legislative study on the …
Oklahoma’s STACK is yielding more big wells, according to completion reports published by OK Energy Today. The two largest have been brought in by Houston-based Marathon Oil and were drilled in Blaine County. The largest produced 1,466 barrels of oil a day along with 2,474 mcf of gas out of the Mississippian formation. It’s the IRVEN JOHN …
As News 9’s Dana Hertneky reported this week, now the Oklahoma Geological Survey suspects fracking might be behind the recent surge in smaller earthquakes around Blanchard. “We’re a little mystified about what the cause is,” said Jeremy Boak, Director of the Oklahoma Geological Survey in an interview with Hertneky. “I think we have to give …
Crude oil futures rose on Wednesday after government data confirmed that oil inventories fell for a ninth week in a row, according to a Bloomberg MarketWatch report. On the New York Mercantile Exchange, August West Texas Intermediate crude tacked on 29 cents, or 0.7%, to end trading at $44.94 a barrel. The contract, which expired …
