A financially challenged Midland, Texas well operator has reached a $19,000 settlement with the state of New Mexico over salt water spills at its injection sites and oil wells. Siana Operating agreed to do cleanup in the agreement with the New Mexico Oil Conservation Division in Santa Fe and also pay a penalty of $19,000 …
From the Norman Transcript and CNHI’s Janelle Stecklein. Brian Kalt believes he may have a solution for earthquake weary Oklahomans — even if oil and gas companies aren’t so convinced. Kalt runs a plant in West Virginia that processes nearly 10,000 barrels of wastewater from oil and gas wells in his state, as well …
With oil prices hitting at least $50 a barrel prior to dropping to $48 this week, oil drilling activity produced numerous healthy-producing hits in northwest Oklahoma, the area commonly called the “STACK.” Continental Resources had the largest well—the Verona that produced 2,345 barrels a day along with 5,966 Mcf of gas at a Blaine County …
In an effort to transform itself through restructuring, Oklahoma City-based Devon Energy Corp. announced on Wednesday that it will sell all remaining non-core assets in the Midland Basin of west Texas for a combined $858 million in two separate transactions. The latest non-core divestitures bump up the company’s recent sales amounting for nearly $2.1 billion, according to the company’s …
Crude oil futures finished lower on Wednesday as traders remained concerned about the buildup of U.S. oil supplies, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, July West Texas Intermediate crude slid 48 cents, or 1%, to end trading at $48.01 a barrel, marking a fifth consecutive decline. Earlier in the day, WTI …
Water and earthquakes will be the topic of the Oklahoma Bar Association’s General counsels’ Forum luncheon on Friday in Oklahoma City. Dr. Kyle E. Murray, a hydrogeologist for the Oklahoma Geological Survey and Adjunct Faculty for the ConocoPhillips School of Geology and geophysics at the University of Oklahoma will be the speaker. As the …
President Obama is expected to sign a final version of legislation approved this week by the U.S. Senate to ensure the safety of the nation’s pipeline network. Approval of S. 2276, the PIPES Act came Tuesday night and reauthorizes the Pipeline and Hazardous Materials Safety Administration (PHMSA) through fiscal year 2019. Senator Jim Inhofe, chairman …
In a study that will be the first of its kind nationwide, Colorado researchers plan to assess new data on air pollution from fracking wells in their state and use it to determine whether the emissions are harmful to human health. New data was released this week after a three-year study at Colorado State University measured …
Oklahoma is considered among a handful of states with the greatest cancer risk to oil and gas workers from methane and air toxics emissions in the industry, according to a new report from the Clean Air Task Force. The study found that areas with the greatest health risk are generally located in states with the …
Oil futures continued their descent further from the key $50 a barrel mark on Tuesday as a government report revealed yet another increase in U.S. crude inventories, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, July West Texas Intermediate crude fell 39 cents, or 0.8%, to end trade at $48.49 a barrel, resulting …
