Category Archive: Oil & Gas

TransCanada’s Keystone Pipeline Temporarily Shut Down in South Dakota Following Leak

Following a massive leak of more than 200,000 gallons of oil in Amherst, South Dakota, Calgary-based TransCanada shut down a portion of its 2,687-mile Keystone Pipeline, according to a company press release issued on Thursday morning.

The leak was detected following a drop in pressure overnight. The affected area is located in Marshall County, …

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Continental Announces Second International Sale of Bakken Crude Oil

Oklahoma City-based Continental Resources, Inc. announced Thursday that the company has sold its second cargo of crude oil for export from North Dakota’s Bakken shale region.

Continental plans to sell 430,000 barrels of oil (Bo) for January delivery to international markets. The sale transaction …

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Surprise Uptick in Crude Supplies Results in Lower Settlements on Thursday

Oil settlements finished lower on Thursday, extending declines following an unexpected climb in domestic crude supplies, according to Bloomberg MarketWatch.

December West Texas Intermediate crude fell by 19 cents, or 0.3%, to settle at $55.14 a barrel on the New York Mercantile Exchange.

January Brent crude, the global benchmark, dipped lower by 51 cents, or …

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WTI, Brent Fall on Tuesday as Data Reveals Unexpected Jump in Crude Inventories

Oil futures continued to slide on Wednesday as government data revealed a surprise climb in domestic crude inventories for a second consecutive week, according to Bloomberg MarketWatch.

December West Texas Intermediate crude declined by 37 cents, or 0.7%, to settle at $55.33 a barrel on the New York Mercantile Exchange.

January Brent crude, the global …

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Crude Oil Futures Plunge on Tuesday

Oil prices dropped Tuesday to finish at their lowest level in more than a week after the International Energy Agency cut its global crude demand forecasts and warned of a boom in U.S. shale oil production, according to Bloomberg MarketWatch.

December West Texas Intermediate crude fell $1.06, or 1.9%, to settle at $55.70 a barrel …

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Brent Crude Falls, WTI Shows Slight Gain on Monday’s Settlement

Crude oil prices produced mixed results on Monday after OPEC reported a fall in October output while a U.S. government report showed expectations for a monthly rise in domestic shale oil production, according to Bloomberg MarketWatch.

December West Texas Intermediate crude, the U.S. benchmark, rose 2 cents, or less than 0.1%, to settle at …

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Chesapeake Presenting in London

 

Oklahoma City’s Chesapeake Energy is reaching out worldwide for investors.

It will be among those firms presenting this week at the Goldman Sachs Global Natural Resources Conference in London.

The presentation will be Wednesday, Nov. 15

 

Rig Count Data Reveals 6 New Oklahoma Rigs, 9 Added to U.S.

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

Oklahoma’s count jumped by six to reach 123. A year ago, the state had only 75 working oil and gas rigs.

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WTI and Brent Crude Stumble on Friday, Advance for the Week

After several days of strong gains, crude oil futures settled lower on Friday, according to Bloomberg MarketWatch.

On Friday, January Brent crude, the global oil benchmark, fell 41 cents, or 0.6%, to end at $63.52 a barrel on the London ICE futures Exchange. For the week, the contract saw a 2% rise.

On the New …

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Uncertainty in the Middle East Drives Up Crude Oil Settlements on Thursday

Oil prices switched gears on Thursday, marching upward as tensions mount in the Middle East, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, December West Texas Intermediate rose 36 cents, or 0.6%, to settle at $57.17 a barrel.

January Brent crude, the global benchmark, rose 44 cents, or 0.7%, to end trading …

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