It’s not just drug lords you have to worry about in Mexico, but ingenious oil thieves too. In central Mexico, police have discovered just how crafty the thieves were as they tapped into government oil pipelines. They built a camouflage truck to haul t…
Category: Oil & Gas
Oil Rises Above $40 A Barrel
Oil futures settled back above $40 a barrel on Monday for the first time since late March, buoyed by a third straight week of declines in the number of U.S. rigs drilling for crude, according to Bloomberg MarketWatch.
Prices got an added boost after U…
Indian Land Leases up for Auction in Anadarko
The Bureau of Indian Affairs plans an auction of oil and gas mining leases on Indian lands later in the month. The oral action will be held at 9 a.m. on April 27 at the BIA offices in Anadarko and cover leases of Kiowa, Comanche, Apache, Fort Sill Apa…
Texas Company Wants Fracking Contamination Verdict Thrown Out in Pennsylvania
Houston-based Cabot Oil and Gas wants a federal judge in Pennsylvania to throw out a $4.24 million jury verdict that the company’s fracking operations contaminated well water for two families in the state. The verdict came down in early March and the o…
Oil Futures Post 8% Weekly Gain
Oil futures ended sharply higher Friday, boosted by expectations U.S. production will continue to decline, signs of solid underlying demand and some renewed optimism about the U.S. economy.
On the New York Mercantile Exchange, West Texas Intermediate …
Nation’s Rig Count Tumbled by 7 while Oklahoma Added 2 in Past Week
Oklahoma’s oil and gas rig count increased by two in the past week to reach 63 while the nation’s count fell by 7, settling at 443, according to figures released by Baker Hughes Company of Houston, Texas. Oklahoma and New Mexico were the only two regio…
Nearly $1 billion Sale of WPX Subsidiary is Announced
A $910 million sale of a Colorado subsidiary of Tulsa-based WPX Energy was announced by the company. The sale of WPX Energy Rocky Mountain LLC was to Terra Energy Partners LLC and boosts the liquidity of WPX, improving its capital efficiency and return…
Williams Wins FERC Approval for Controversial New Jersey Pipeline
Tulsa-based Williams Co. received approval this week from federal regulators to move forward with a $116 million natural gas expansion project that faces opposition in New Jersey. The Federal Energy Regulatory Commission voted to give the company a cer…
Enable to Release Quarterly Financial Results
Oklahoma City-based Enable Midstream Partners, LP plans to release its first-quarter 2016 financial results before market hours on Wednesday, May 4. It will also host a conference call the same day at 10 a.m. to discuss the results.
Enable operates ne…
Former Employee Accused of Stealing Data from Continental Resources
Continental Resources has gone to court, filing a lawsuit against former employee, Levi Pack, a geologist accused of uploading company data and creating a program to give him remote access to Continental data on his cell phone.
The suit was filed in O…