Oil and gas rig counts in Oklahoma and the rest of the U.S. went unchanged over the past week, perhaps a sign that the decline in rig numbers has come to an end. Oklahoma’s count remained unchanged at 50 compared to the 140 working rigs reported last year at this time. Across the U.S., the …
The shaky and weak market for natural gas in this country leads many speculators and market observers to claim Chesapeake Energy in Oklahoma City won’t be alone in battling debt. “If low natural gas prices persist beyond 2020,” stated Moody’s in a recent report, “companies may need to reduce debt to maintain compliance with financial …
New Mexico Democratic U.S. Sen. Tom Udall joined a handful of other Democrats in opposing a plan to reauthorize the nation’s pipeline safety regulators without addressing methane leaks. He and Senators Dianne Feinstein of California, Jeff Merkley of Oregon, Martin Heinrich also of New Mexico, Kirsten Gillibrand of New York and Cory Booker of New …
Houston’s Newfield Exploration Co. is expanding its STACK operations with up to 9 more wells planned in Kingfisher County. The company received permits to drill from Oklahoma regulators including three separate multi-well single pad sites in the county. Three Dan Fiu #1608 wells will be drilled at 29 16N 8W or about 8 miles west …
Not far from where Newfield Exploration found its Honey Hole and 5 wells with combined production of more than 4,000 barrels of oil a day, Devon Energy reported three wells with production of nearly 1,500 barrels of oil daily in Oklahoma’s STACK. Completion reports showed Devon completed three Brachiosaurus 23 26-15n-9w wells at 23 15N …
** European countries worried their plans to cut greenhouse gases will put their own companies at risk are weighing imposing trade tariffs on goods from countries — like the U.S. — that lack robust climate change policies according to POLITICO. The European Union imposes a price of 25 euros (nearly $28) per metric ton of carbon dioxide emitted …
A mysterious new development has occurred in the legal action against National Oilwell VARCO L.P., the Texas company sued over the Jan. 22, 2018 tragic well blowout that left five workers dead at a site near Quinton, Oklahoma. A Dec. 5 filing in Pittsburg County District Court shows one of the wives of a worker …
Oklahoma’s Uniform Building Code Commission will meet next week to consider adoption of a new International Conservation Code that applies to energy efficiency. Commissioners will decide which edition of the code will be adopted in the Dec. 17 meeting at the Commission’s headquarters, 2401 NW 23 Street, Suite 2F in Oklahoma City. The International Energy …
Chevron Corp.’s move this week to write down up to $11 billion in assets for the fourth quarter could be what other oil and gas companies will do as prices slump. Chevron confirmed this week in a statement that it is considering the sale of some of its shale-gas holdings. The company plans to bail …
The people who make a living watching the weather admit it—they’re not sure if the storm system churning out in the Pacific south of Alaska will bring snow or rain to Oklahoma in the coming days. But you know that energy workers in northern and western Oklahoma are waiting to learn what their working conditions …