Category Archive: Oil & Gas

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 …

Continue reading »

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 …

Continue reading »

Continental Resources SCOOPs Another Big Hit in Grady County

Oklahoma’s SCOOP yielded another monumental well for Oklahoma City-based Continental Resources producing more than 1,000 barrels of oil a day.

The horizontal well is the Romanoff at 25 7N 5W located about 2 miles west of Dibble near the intersection of Highway 39 and Highway 76. Its production is 1,006 barrels of oil a …

Continue reading »

Natural Gas Up as Crude Oil Futures Fall on Thursday

Oil settled with a slight loss while natural gas futures appeared on the rise Thursday, according to a report by Bloomberg MarketWatch.

On the New York Mercantile Exchange, July West Texas Intermediate crude fell 27 cents, or 0.6%, to settle at $44.46 a barrel after losing 3.7%.

August Brent crude, the global benchmark, dropped 8 …

Continue reading »

Guy Berry Appointed to Oklahoma Turnpike Authority

 

Guy L. Berry was appointed to the Oklahoma Turnpike Authority by Governor Mary Fallin on Wednesday, according to the governor’s press release.

A Sapulpa resident, Berry succeeds Albert “Kell” Kelly, who resigned. Berry will serve on the board pending Senate confirmation next legislative session.

“Guy Berry realizes that maintaining and repairing our turnpikes and …

Continue reading »

Keystone XL Environmentalists at Odds With Developer Over Whooping Cranes

Endangered whooping cranes are the focus of a showdown between the Keystone XL pipeline developer and Nebraska environmental experts, according to a report by the Associated Press.

The Sierra Club and Bold Nebraska are two of the groups that submitted written testimony on Monday to the Nebraska Public Service Commission. The environmental groups contend …

Continue reading »

WTI Settles Below $45, Brent Crude Drops to $47 a Barrel

Oil prices dropped to their lowest settlement in seven months on Wednesday, after U.S. government data showed a smaller-than-expected weekly decline in domestic supplies and an increase in crude production, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, July West Texas Intermediate crude fell $1.73, or 3.7%, to settle at $44.73 a barrel.

Continue reading »

Crude Oil Futures Inch Up on Tuesday

Oil prices registered another gain on Tuesday, ahead of a weekly U.S. government data reports that are expected to reveal a decline in crude supplies, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, July West Texas Intermediate crude rose 38 cents, or 0.8%, to settle at $46.46 a barrel.

On the London …

Continue reading »

Refracking Old Wells in the Bakken Produces More Oil in North Dakota

 

Environmentalists might not like it but new hydraulic fracturing techniques are being applied in the Bakken in North Dakota, a move that could result in even more oil being recovered, thus affecting the worldwide prices.

A report in the Bismarck Tribune indicates that wells drilled between 2008 and 2010 are targeted for …

Continue reading »

Crude Oil Futures Advance on Monday

Oil prices ended higher on Monday as traders await the weekly update on domestic petroleum supplies and global output figures, according to Bloomberg MarketWatch.

On the New York Mercantile Exchange, July West Texas Intermediate crude tacked on 25 cents, or 0.6%, to settle at $46.08 a barrel.

On the London ICE Futures Exchange, August Brent …

Continue reading »

Older posts «

» Newer posts