Houston-based Oklahoma Energy Acquisitions LP is reporting success in Oklahoma’s STACK, hitting a well that produced more than 1,000 barrels of oil a day. The firm operates as a subsidiary of Alta Mesa Holdings, LP. The Clark well, in the Mississippian play is located about 5 miles northwest of Crescent in Kingfisher County. It had …
Crude oil futures settled at their highest points since July 2015 on Monday as the energy industry continued to grasp the details of OPEC’s agreement to curb production, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude rose 11 cents, or 0.2%, to settle at $51.79 a barrel, marking …
Crude oil futures finished higher on Friday as traders rode the wave of OPEC’s success in striking a production cut designed to shrink supplies, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, January West Texas Intermediate crude added 62 cents, or 1.2%, to settle at $51.68 a barrel. For the week, prices were nearly …
The U.S. Army Corps of Engineers announced Sunday that it will not grant an easement for the controversial Dakota Access Pipeline’s planned route through the Standing Rock Sioux reservation. The surprise decision is a major victory for protesters who contend the pipeline would contaminate drinking water supplies on the reservation and destroy sacred historic and …
The number of drilling rigs increased in the nation’s oil and gas patch in the past week, growing by 4 to reach a total of 597 while Oklahoma added two, according to figures from the Baker Hughes Company. The nation’s count increased 3 additional oil rigs to reach 477 and one more gas rig to …
Chesapeake Energy is launching a new company logo for 2017, according to a news report by The Oklahoman. Chesapeake employees were provided a first peek at meetings held this week. The new logo reflects changes in the company and the oil and natural gas industry, according to the report. “Over the past three years, Chesapeake …
Oklahoma City-based Chesapeake Energy Corporation announced Friday that Gloria Boyland was appointed to the Board of Directors effective November 30, 2016. Boyland will serve as a member of the Audit Committee and stand for re-election at the 2017 annual meeting to be held on May 19, 2017, according to a company press release. Boyland is …
Oklahoma’s STACK has produced a big gas well in Blaine County, one producing more than 12,000 Mcf of natural gas according to the latest completion reports at OK Energy Today. Marathon Oil, based in Houston hit the Donna Dudley well several miles northwest of Geary and had a spud date of July 4 while drilling …
With liabilities of more than $700 million, Texas based Bennu Oil and Gas LLC has filed Chapter 7 bankruptcy and has shut down operations. The company said it has about $32.5 million in assets but most of its liabilities, about $495 million is owed to creditors whose claims are secured by property. Bennu Oil and Gas is …
Houston-based WildHorse Resource Development Corp. is the energy industry’s latest publicly traded company. The independent oil and natural gas exploration and production company launched an initial public offering up to nearly $650 million, according to the company’s recent U.S. Securities and Exchange Commission filing on Thursday. The company expects to receive about $513.7 million in …
