Oklahoma’s jobless rate slipped a tenth of a point for October but it’s still at 5.2% according to the Oklahoma Employment Security Commission. And the data supplied by the state shows oil and gas employment was anemic, despite growing activity in Oklahoma’s STACK and SCOOP plays. The October 2016 employment in the energy sector was 43,900, …
Oil futures finished slightly higher on Friday, as traders looked for clues as to whether OPEC members will be able to complete a deal later this month to curb production levels, according to Bloomberg MarketWatch. December West Texas Intermediate crude rose 27 cents, or 0.6%, to settle at $45.69 a barrel on the New York Mercantile …
“Be very careful with doing anything that might screw that up.” Warning from Lee Boothby, CEO of Newfield Exploration. Executives of four energy companies with extensive work in Oklahoma’s STACK and SCOOP plays made it clear this past week, yes the rewards of the big plays are nice but there are concerns too …
The Oklahoma Oil and Gas Association is under the leadership of a newly-elected chairman following the Association’s one-day annual meeting in Oklahoma City. At the meeting, association members elected Wade Hutchings, regional vice president of Mid-Continent Assets at Marathon Oil, to be the new chairman of OKOGA and ratified the board of directors for 2017. …
The growing interest of the nation’s oil and gas industry in the big oil plays in Oklahoma and the Permian Basin of Northwest Texas is reflected by a swelling count of rigs, according to the latest figures released by Texas-based Baker Hughes. More rigs are apparently being taken out of storage and put back …
As oil production in Oklahoma is on the upswing, the downturn is still taking away revenue and production in what once was one of the biggest oil producing sections of the country—-North Dakota’s Bakken play. The North Dakota Department of Mineral Resources reports September production dropped by more than 10,000 barrels, doing from more than …
Oil futures dropped on Thursday as some traders remained skeptical that OPEC would be in a position to require compliance among all members that they must adhere to a production limit, according to Bloomberg MarketWatch.. On the New York Mercantile Exchange, December West Texas Intermediate crude fell 15 cents, or 0.3%, to settle at $45.42 …
With record setting high temperatures this week in Oklahoma, prices of propane for winter heating purposes aren’t doing much. The U.S. Energy Information Administration reported Thursday that residential heating oil and propane prices started the winter heating season at levels similar to last winter’s levels. “Inventories of both fuels are near or above five-year …
Continental Resources and its density unit tests in Blaine County are coming through for the company’s STACK exploration with results now known for 8 wells from its density tests. The Oklahoma City company, founded and operated by billionaire Harold Hamm filed six more completion reports this week for its LUDWIG density testing with five showing production …
Crude oil futures settled above $45 a barrel on Wednesday after posting slight losses for the day, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, December West Texas Intermediate crude fell 24 cents, or 0.5%, to settle at $45.57 a barrel after a brief spike well above $46. Prices were trading above $45 …
