The government’s forecasting U.S. petroleum and other liquid fuels production will only grow in the coming decades. The U.S. Energy Information Administration predicts the production will grow from 14.8 million barrels a day in 2015 to 18.6 million barrels a day by 2040. The prediction comes in the EIA’s Annual energy Outlook 2016. And what does …
Oklahoma gasoline prices are down to a new statewide average of $2.02 a gallon, a drop of nearly 5 cents in the past week, according to AAA Oklahoma. It means Oklahoma has some of the cheapest gasoline in the country. Nationally, prices are at their lowest mark for the date since 2004, coming in …
Oil futures eroded on Monday upon news that OPEC production has reached its highest peak since August 2008, according to a Bloomberg MarketWatch report. S&P Global Platts indicated that OPEC’s June output surged by nearly 300,000 barrels a day from the previous month, sparking widespread concern that global output will continue to disrupt oil futures …
Oil and gas company bankruptcies as of June 30, 2016 have reached more than $61 billion in debt, according to an update from the bankruptcy law firm of Haynes and Boones in Texas and its Oil Patch Bankruptcy Monitor. The count still stands at 85 bankrupt North American oil and gas producers since early 2015 and …
Oklahoma House Speaker Jeff Hickman on Monday approved 71 interim studies requested by State Representatives. He chose to combine 32 of the 71 requested studies to make 13 individual studies, setting the state for 52 difference hearings if all of the interim study requests are heard. Two requests focus on oil and gas drilling and …
Two energy conferences in one. It’ll be in San Antonio in September when the DUG Eagle Ford conference is joined by the MIDSTREAM Texas conference. Both will be held Sept. 12-14 at the Gonzalez Convention Center in San Antonio. Some of the confirmed speakers include Brandon Seale, President of Howard Energy Mexico; Michele F. Joy, …
Second-quarter 2016 financial results are to be released next month by Oklahoma City-based Enable Midstream Partners, LP. The company plans to release them before market hours on Wednesday, Aug. 3 and then hold a conference call at 9 a.m. Oklahoma time on the same day to discuss the results. Enable’s assets includes 12,400 miles of …
While Oklahoma and the nation saw increased drilling rig counts in the past week, the June numbers also released by Houston-based Baker Hughes Incorporated showed an international rig count drop of 28 from May to June. The June count stood at 927, a decline of 219 from the 1,146 reported in June 2015. The …
Oil futures ended slightly higher on Friday, while crude experienced its largest weekly loss since early February, according to a Bloomberg MarketWatch report. On the New York Mercantile Exchange, August West Texas Intermediate crude rose 27 cents, or 0.6%, to end trading at $45.41 a barrel. Prices fell 7.3% overall for the week. On London’s …
Denver-based DCP Midstream LLC, the midstream segment’s largest natural gas processor, confirmed that it has closed its Tulsa office, according to a news report published by The Tulsa World on Saturday. Jerry Barnhill, a senior vice president for the midstream company, said shutting down the Tulsa office affected about 100 employees. Barnhill said the closure …
