Category Archive: Oil & Gas

Oil Flows to Refineries at a Record Pace Despite Slipping Prices

While oil prices have tumbled to a 7 month low and are near the $43 a barrel range, U.S. petroleum refineries are running at a record pace.

The U.S. Energy Information Administration reports gross inputs to the refineries averaged 17.7 million barrels a day for the week ending May 26 before they dropped slightly …

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WTI and Brent Crude Post Gains on Thursday

Oil futures finished slightly higher Thursday, with a second weekly decline in domestic crude supplies helping prices recoup some of their recent losses, according to Bloomberg MarketWatch.

August West Texas Intermediate crude advanced 21 cents, or 0.5%, to settle at $42.74 a barrel on the New York Mercantile Exchange.

On the London ICE Futures …

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Oklahoma Energy Index Reflects Overall Recovery Despite Slight Dip

The state’s oil and natural gas industry continues its recovery from the oil price rout that started in 2014, according to the Oklahoma Energy Index. With activity levels in the oil and gas industry rising 13 percent higher than a year ago, the index moved slightly lower for the month of April.

“Despite a …

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Crude Oil Futures Slump on Tuesday With Bear Market in Sight

Crude oil futures flirted with bear market territory and slid to their lowest finish since August on Tuesday, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, July West Texas Intermediate crude declined by 97 cents, or 2.2%, to settle at $43.23 a barrel on the contract’s expiration day. It marked the lowest front …

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Oklahoma’s Oil and Gas Employment Dropped in May

While Oklahoma’s latest unemployment rate remained unchanged at 4.3 percent in May, new figures from the state indicated a growth in jobs in Oklahoma’s energy sector for the year but not the month.

The jobless rate has remained at 4.3 percent since March as the state’s labor force dwindled in the same time period. …

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Expanded Oil and Gas Drilling Permits for Noble County

Two oil and gas exploration companies intend to keep busy in the state if the latest permit report is any indication.

Newfield Exploration based in Houston filed for five permits in Kingfisher County, showing the firm’s interest in the STACK is not easing whatsoever.

DonRay Petroleum LLC based in Oklahoma City filed and obtained …

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Iron Eyes Readies for Day in Court Over North Dakota DAPL Protest

A Native American Indian activist remains steadfast in getting his day in court over his involvement with the Dakota Access pipeline protest, according to an Associated Press report.

Chase Iron Eyes was arrested on February 1, 2017 after setting up teepees on land owned by Energy Transfer Partners, the Dallas-based company behind the controversial …

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Halliburton Appoints Chris Weber as New Chief Financial Officer

Houston-based Halliburton recently announced the appointment of Christopher Weber as Executive Vice President and CFO effective June 22, 2017. Weber joins Halliburton from Parker Drilling Company, where he served as Senior Vice President and CFO for the past four years.

Weber has more than 20 years of experience in the energy industry, holding key …

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Rig Count: Oklahoma Drops by 4, U.S. Grows by 6

Canada led the way with the addition of 27 new rigs last week while the U.S. rig count grew by a total of six, according to the Baker Hughes rig count released on Friday.

Canada now has a total of 159 rigs, up 90 rigs when compared with last year’s count of 69.

The …

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Crude Oil Futures Rise on Friday, Post Losses for the Week

Oil prices rebounded on Friday after hitting their lowest settlement of 2017 and registering their fourth weekly loss in a row, according to Bloomberg MarketWatch.

July West Texas Intermediate crude oil rose 28 cents, or 0.6%, to settle at $44.74 a barrel on the New York Mercantile Exchange. For the week, WTI crude was down …

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