Those recent county breakdowns of state jobless figures in Oklahoma also reflected a continuing loss of workers in the oil patch. The number of people employed in Oklahoma’s oil and gas industry in May totaled 15,300, a drop of 200 from April 2016. It was also 3,700 less than May of 2015, according to figures …
Tallgrass Energy Partners, a Kansas City area based company that ships oil to the Cushing terminal in Oklahoma announced quarterly distributions this week for the second quarter of 2016. The distributions will be paid on Friday, Aug. 12 to unitholders and shareholders of record on the close of business on Friday, July 29, 2016. The …
David House was named as the new president and chief executive officer of Tulsa’s Continuum Energy LLC as part of the company’s leadership transition plan, according to a report published in the Tulsa World. House succeeds Jason Few. According to the report, Continuum Energy operates dual headquarters in Tulsa and Houston. The company serves oil …
Oil futures fell on Tuesday as investors were apprehensive above energy demand, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude dropped $2.39, or 4.9%, to end trading at $46.60 a barrel. On the London ICE Futures Exchange, August Brent crude, the global benchmark, shed $2.14, or 4.3%, to …
A decision by the U.S. government to get out of the commercial helium business in the next five years has refiners and customers looking to Canada to fill their helium needs. A majority of the U.S. helium demand is filled by an underground reserve in Amarillo, Texas. The reserve supplies everything from party balloons to …
Halliburton has renamed Mark McCollum as the Houston company’s Executive Vice President and Chief Financial Officer. The announcement says the appointment will be effective immediately. McCollum will continue reporting to Dave Lesar, Chairman and Chief Executive Office at the company and will also remain a member of the company’s Executive Committee. Christian Garcia, who …
Both Oklahoma and the U.S. start the July 4th week with a pickup in oil rigs. Oklahoma added four in the past week to reach a working total of 58 while the U.S. count picked up 10 rigs to reach a total of 431, according to the latest figures provided by Baker Hughes Company of …
Oil futures rallied on Friday after data revealed a favorable drop in crude oil inventories coupled with a rise in active U.S. oil rigs for the week, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, August West Texas Intermediate crude tacked on 66 cents, or 1.4%, to end trading at $48.99 a barrel, …
A Louisiana lawsuit accusing two former executives of setting up sham companies to allegedly rob Superior Energy Services subsidiary Stabil Drill Specialites of tens of millions of dollars includes a Yukon oilfield executive. The suit filed recently in Lafayette, Louisiana names longtime Stabil Drill executives Martin A,. LeBlanc and Christopher J. Russo of stealing …
Those Oklahoma exploration companies who’ve been busy in the state of North Dakota and its Bakken field find themselves facing new rules aimed at reducing spills in the oil patch. The North Dakota Industrial Commission has approved the rules despite the objections by the oil and gas industry. Among the new requirements will be …
