Could be a matter of a few days before the U.S. shipment of crude oil to a foreign nation arrives after departing a Texas port the day before New Year’s Day. The “Theo T” tanker left NuStar Energy LP’s dockside facility in Corpus Christi, Texas carryi…
Category: Oil & Gas
Some Suspect Lake Arcadia is Behind Earthquake Surge in Edmond
As the Oklahoma Corporation Commission issued orders Monday for five wastewater injection wells to reduce operations around Edmond due to strong earthquakes, one retired Petroleum Engineer has a theory that the nearby Lake Arcadia Lake might also be a …
State Orders Injection Well Reductions in Response to Edmond Earthquakes
The Oklahoma Corporation Commission has once again issued orders for reduced operation of wastewater injection wells suspected of causing a surge in strong earthquakes around Edmond.
The orders issued Monday afternoon affects five operating Arbuckle d…
Stripper Well Operators Hit Hard by Downturn
“The small operators of the stripper wells are pretty resilient.” Mike Cantrell
Times are tough for some of the independent oil and gas operators in Oklahoma and elsewhere across the country because of the major drop in energy prices. But they …
Hamm Still Optimistic About Oil Prices
What Continental Resources Founder Harold Hamm says about the falling oil prices and why he’s still optimistic.
“I see prices improving,” he told a third quarter earnings report last week in Oklahoma City. “I see prices improving to the 85-90 dollar r…
Istook Calls for ‘Thank You’ to Oil and Gas
Former Oklahoma Republican congressman Ernest Istook says it’s about time the nation gave a big “thank you” to the country’s oil and gas companies for stimulating family budgets and the national economy.
It’s what he calls for writing recently in the …
State’s Gasoline Average Falls to $2.86 says GasBuddy.com
Gasoline prices keep falling in Oklahoma and the statewide average is now $2.86 a gallon, according to GasBuddy.com. The new average compares to $2.99 a week ago and to $3.06 one month ago.
Nationally, the GasBuddy average is $2.93 a gallon compared …
Despite Oil Price Drop, Most States See Increased Rig Counts
The latest Baker Hughes oil and gas rig count shows Oklahoma is unchanged with 208 active rigs in the past week. And despite the downturn in oil prices, many of the oil-producing states still saw an increase n their rig counts with the exception of New…
Former State Energy Secretary Sullivan Honored by OIPA
The latest inductee into the Oklahoma Independent Petroleum Association’s Wildcatters Hall of Honor is former State Energy Secretary and Tulsa oilman Robert J. Sullivan Jr. He was inducted during the OIPA’s Fall conference.
Sullivan is owner of the Tu…
Oil Slump Forces Continental to Adjust 2015 Drilling Efforts
Oklahoma City-based Continental Resources says its third quarter 2014 net earnings were $534 million which figured out to be $1.44 per diluted share. And the adjusted net income for the quarter came to $301 mlillion or $0.81 per diluted share. A year…