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 …
Halliburton’s second quarter earnings report shows a 15 percent drop in North America revenue but company leaders remain optimistic. Revenues totaled $1.5 billion and the operating loss came to $124 million. “Our second quarter results showed resilience in the face of another challenging quarter marked by lower activity levels and continued pricing pressure around the …
Among the latest moderately producing big wells in the state are two gas wells in Hughes County, Tulsa-based Petroquest Energy LLC reports two big gas wells near the community of Lamar. The largest is producing 3,884 mcf of natural gas. The LYNN well is in the Woodford play and had a January 12 spud date …
It’s about two and a half months off, but work’s underway for the 20th Oil and Gas Expo in Oklahoma City sponsored by the Oklahoma Energy Resources Board and its organization called Sustaining Oklahoma’s Energy Resources. “Despite the downturn in the oil and gas industry, we’re still expecting a full crowd for the anniversary show,” …
Oil futures fell on Tuesday as skittish traders responded to the increasing glut of crude oil inventories with easing energy demand, according to Bloomberg MarketWatch. August West Texas Intermediate crude dropped 59 cents, or 1.3%, to settle at $44.65 a barrel on the New York Mercantile Exchange, its lowest close since May 9. On the …
Two years after he left Oklahoma’s SandRidge Energy to take over the Lower 48 operations of British Petroleum, David Lawler still has some sights set on Oklahoma oil production. It’s what he indicated in a recent interview with Forbes. Lawler, 46, is the brother of Chesapeake Energy Corp. CEO Doug Lawler. “It is an honor …
Oklahoma’s average gasoline price has taken another drop in the past week, reaching a level of $1.97, the lowest since May 12, according to data released by AAA Oklahoma. Nationally, the average is $2.21 a gallon, the lowest mark for this time of year since 2004. It is also 55 cents below the price average …
Closely following a significant $125 million acquisition in the Midland Basin area, Tulsa-based Laredo Petroleum, Inc. announced that the company is partnering with Credit Suisse Securities (USA) LLC for a stock offering expected to net $136.3 million. According to Laredo’s Form 8-K filed with the U.S. Securities and Exchange Commission on July 18, 2016, the …
