Category Archive: Oil & Gas

Crude Oil Futures Finish Higher on Thursday

After posting losses for the past three days, oil prices rebounded on Thursday as traders continued to weigh data showing the biggest weekly fall in domestic crude supplies in nearly one year but also the highest total U.S. production level in more than two years, according to Bloomberg MarketWatch.

On the New York Mercantile …

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Oilfield Safety App…Now There’s an App For That

The Oklahoma Independent Petroleum Association (OIPA) has launched a mobile app designed to provide necessary safety information to Oklahoma’s oil and natural gas industry workers, according to a press release issued on Tuesday.

Available on the Apple App Store for iOS devices and the Google Play store for Android users, the OIPA QuickGuide Health …

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Crude Oil and Natural Gas Settlements Mired on Wednesday

Oil futures settled lower on Wednesday following the U.S. Energy Information Administration report which revealed a significant but lower than expected drop in crude inventories, according to Bloomberg MarketWatch.

September West Texas Intermediate crude shed 77 cents, or 1.6%, to settle at $46.78 a barrel on the New York Mercantile Exchange.

On the London ICE …

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Brent Crude Rises While WTI Falls on Tuesday

Crude oil investors trimmed earlier losses on Tuesday as they await weekly government data reports, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, September West Texas Intermediate crude oil fell 4 cents, or less than 0.1%, to settle at $47.55 a barrel.

On the London ICE Futures Exchange, October Brent crude, the global …

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Chaparral Energy’s 2Q Earnings for 2017 Elevated by Strong STACK Performance

Oklahoma City-based Chaparral Energy, Inc. posted a net income of $21.4 million or 47 cents per share, according to a press release issued on Monday.

The company announced an adjusted EBITDA of $42.5 million, which is a 15 percent quarter-over-quarter increase.

“Chaparral had a very good quarter, fueled by continued best-in-class execution, strong well …

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WTI and Brent Crude Freefall on Monday for Lowest Settlement in Three Weeks

Crude oil futures plunged on Monday as an output report showed rising production by OPEC members, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, September West Texas Intermediate crude oil dropped $1.23, or 2.5%, to settle at $47.59 a barrel.

On the London ICE Futures Exchange, October Brent crude, the global benchmark, …

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More STACK Completions for Chesapeake Energy

Updating some of the newest reported completions in Oklahoma’s STACK, Chesapeake Operating had three successful wells near Hennessey.

According to the reports shown by OK Energy Today, it was a multi-unit site, 7 18N 5W or about 7 miles southeast of Hennessey in Kingfisher county.  The largest of the wells produced 263 Boed. The …

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Rig Count: U.S. Down by Five While Oklahoma Holds Steady

The latest weekly oil and gas rig count showed a decline for the nation while Oklahoma remained unchanged from last week’s count, according to Baker Hughes Company of Houston, Texas. The nation’s rig count dropped by five to reach 949, up by 468 from 481 just a year ago. Oklahoma’s count remains at 132, …

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Oil Futures Reflect Weekly Loss Despite Friday’s Boost

Crude oil futures rose higher on Friday but remained below the $50 threshold benchmark despite concerns about OPEC’s production curb compliance deal, according to Bloomberg MarketWatch.

September West Texas Intermediate crude tacked on 23 cents, or 0.5%, to settle at $48.82 a barrel on the New York Mercantile Exchange. For the week, WTI saw a …

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Longer Lateral Drilling Law Eagerly Anticipated in Oklahoma

 

Oil and gas exploration companies apparently are eagerly awaiting the date of November 1st in Oklahoma.

That’s when under a new law, they will be allowed to drill horizontal wells up to two miles long in all layers and will no longer be limited to one mile.

As The Oklahoman quoted one …

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