From high tech where he made his millions to owning the Dallas Mavericks, businessman Mark Cuban now is investing in oil and gas. Using his Radical Investments, he’s become the first external investor of BetaZi, a firm described as an early-stage data science company. And Cuban’s excited about it. “BetaZi is the definition of disruptive …
Six new wells, including two producing more than 1,000 barrels of oil a day each have been reported by Newfield Exploration in Oklahoma. The two largest wells are in Garvin County’s Woodford play. Both are named PARKS wells and are at the same site located near the small community of Purdy located south of Lindsay and …
Oklahoma’s STACK play is reaping rewards for Devon Energy Corporation. The company announced on Monday that it has brought online a record-setting oil well in southwest Kingfisher County in addition to completing another successful spacing test. Devon announced the Pony Express 27-1H was drilled in southwest Kingfisher County with a 5,000-foot lateral and achieved a …
Crude oil futures ended lower on Monday, shortly before a government report was issued revealing less-than-anticipated declines in U.S. shale oil output, according to a news report by Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude slid 71 cents, or 1.6%, to end trading at $45.24 a barrel. September Brent …
More fallout for Chesapeake Energy and SandRidge Energy in light of the federal investigation that led to indictments a few months ago in Oklahoma City. Now the two companies are accused in a $30 million lawsuit filed in Kansas City of conspiring to defraud another company which sold its oil and gas leasehold interests. It’s …
One writer in Michigan is having fun with the attempts of environmentalists to ban fracking in their county when there are no producing gas wells in the county. Tom Shepstone, writing in Natural Gas Now puts it this way,” There is a name for the meaningless efforts of radicals to build a movement against natural …
The Williams Companies, Inc. announced on Friday that its Board has extended the deadline to August 25, 2016 for stockholders to nominate candidates for election to the company’s Board of Directors at its 2016 Annual Meeting. The original deadline was July 18, 2016. “Williams is seeking additional highly qualified director candidates and is committed to …
Oil futures settled higher on Friday as investors eased concern over energy demand based on the release of the week’s governmental data and reports, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude added 27 cents, or 0.6%, to end trading at $45.95 a barrel, roughly 1.2% for the …
The U.S. oil and gas rig count grew by 7 in the past week while the number of working rigs in Oklahoma remained at 59. The national count increased to 447 with six additional oil rigs and one gas rig. The U.S. oil rig count stands at 357 while the number of working gas rigs …
Chesapeake Energy’s reporting some success in oil wells in the STACK in Kingfisher and Blaine Counties. Its largest well produced 1,224 barrels a day along with 2,564 Mcf of gas. The STARK well in Blaine county was spudded in mid-January with drilling finished at the end of January and completion made on May 19. The well’s …
