Category Archive: Oil & Gas

Diamond Pipeline Protest Held at Tulsa Park on Saturday

Tulsa’s John Hope Franklin Reconciliation Park was the venue on Saturday afternoon for a conclave of more than 60 people attended the “Stand Against Diamond Pipeline” rally, according to The Tulsa World.

The event was sponsored by a local organization, Tulsa Stands With Standing Rock. The group, which is exclusively composed of 13 Native …

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Robert Phillips, Grandson of Frank Phillips, Dead at 87

The last surviving grandchild of Frank Phillips, Oklahoma’s renowned oilman, has died.

Robert B. Phillips, age 87, died February 2. Phillips was a longtime Tulsa resident and founder of the Phillips Agency, an advertising and public relations firm. He was the son of John G. Phillips, the only son of Jane and Frank Phillips.

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Big Increases in Oklahoma and US Oil and Gas Rig Counts

Both Oklahoma and the U.S. saw big jumps in rig counts in the past week according to figures released by Baker Hughes.

Oklahoma’s count jumped by 7 to reach 118. A year ago, the state had only 63 working oil and gas rigs.

Nationally, the count grew by 20, reaching 809 active rigs. The …

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WTI, Brent Crude Finish Lower as Inventories Hit Record on Wednesday

Oil prices finished lower as domestic data revealed crude stockpiles at a record, according to Bloomberg MarketWatch.

May West Texas Intermediate crude fell 20 cents, or 0.4%, to settle at $48.04 a barrel on the New York Mercantile Exchange.

May Brent crude, the global benchmark, lost 32 cents, or 0.6%, to end trading at $50.64 …

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Another Big Newfield Exploration Well in Kingfisher County

Oklahoma’s STACK has yielded another sizable oil well for Newfield Exploration Mid-con Inc., a well producing more than 1,000 barrels a day.

As completion reports shown by OK Energy Today indicate, the Apache well located about 4 miles southeast of Kingfisher was drilled and completed last year. The filing of the report …

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Mammoth Energy Plans to Expand with Addition of Three Companies

Oklahoma City-based Mammoth Energy Services Inc. announced Tuesday that it will acquire Sturgeon Acquisitions, LLC, Stingray Energy Services, LLC and Stingray Cementing, LLC for seven million shares of Mammoth common stock. The deal is worth over $133 million, according to a company press release.

“In keeping with the plan initially outlined at the …

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Crude Oil Futures Lose Ground on Tuesday as Traders Await Crucial Supply Data

Oil prices dropped on Tuesday ahead of the release of weekly government data expected to reveal a rise in domestic crude supplies, according to Bloomberg MarketWatch.

April West Texas Intermediate crude declined by 88 cents, or 1.8%, to settle at $47.34 a barrel on the New York Mercantile Exchange. The contract, which expired at …

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Judge T. Lane Wilson Joins Williams Companies as New Senior VP and General Counsel

Tulsa-based Williams Companies, Inc. announced Tuesday that United States Magistrate Judge T. Lane Wilson will become the company’s senior vice president and general counsel, according to a company press release. Wilson succeeds Sarah Miller, who previously announced her resignation. Judge Wilson will report directly to Williams President and Chief Executive Officer Alan Armstrong.

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Growth in Active U.S. Rig Count Dooms Crude Oil Settlements on Monday

Crude oil prices traded at their lowest level in nearly a week as an uptick in active domestic rigs renewed concerns over domestic production, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, April West Texas Intermediate crude shed 56 cents, or 1.2%, to settle at $48.22 a barrel, ahead of the contract’s …

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Crude Oil Futures Finish Slightly Higher for Friday and the Week

Crude oil settled slightly higher on Friday to eke out a weekly gain despite a jump in the U.S. active rig count, according to Bloomberg MarketWatch.

April West Texas Intermediate crude gained 3 cents, or less than 0.1%, to settle at $48.78 a barrel on the New York Mercantile Exchange.

May Brent crude, the …

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