Category Archive: Oil & Gas

Protesters Object to Praying for Oilfield Industry in Oklahoma

An Oilfield Day of Prayer last Friday at the Oklahoma Corporation Commission wasn’t met exactly with open arms as protesters gathered at the Jim Thorpe building.

As News 9 reporter Jessi Mitchell explained, protesters of oil and gas exploration gathered to oppose the official day first declared last year by Gov. Mary Fallin.

Commissioner …

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Crude Oil Futures Finish Strong on Friday

Crude oil futures jumped on Friday as traders weighed the outcome of President Trump’s decision to decertify the Iran nuclear agreement, according to Bloomberg MarketWatch.

November West Texas Intermediate crude rose 85 cents, or 1.7%, to settle at $51.45 a barrel on the New York Mercantile Exchange. For the week, WTI was up around 4.4%.

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Stephens County Natural Gas Leak Compels Evacuation Early Saturday

Stephens County residents returned to their homes following an evacuation early Saturday morning caused by a natural gas well leak, according to a news report by KWTV-9.

On Saturday, Velma Fire Chief Jay Dumas indicated that a buildup of pressure caused the well …

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Chaparral Announces $170 million Assets Sale as It Focuses Purely on STACK

A $170 million cash sale of holdings in the North Burbank and Texas Panhandle has been announced by Oklahoma City-based Chaparral Energy, Inc.

The company said the sale also included certain contingent payments but it did not reveal the identity of the buyer.

“The sale of these assets marks a major milestone in the …

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Oil and Gas Rig Counts Slip in Oklahoma and the Nation

Figures from Baker Hughes Co. and the Independent Oil and Gas Service indicate a nationwide drop of at least 8 units in the latest weekly oil and gas rig count. Oklahoma’s count fell by 3 rigs in the past week to reach 124 still seeking new energy.

The two rig accounting firms reported a …

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Fossil Fuel Producer Partners With Clean Energy Producer to Roll Out EV Charging Stations

A leading global oil and natural gas producer, will purchase a top European operator of electric vehicle charging stations in an effort to roll out the technology at its service stations, according to a report in The Hill.

Royal Dutch Shell announced Thursday that that it would purchase Netherlands-based NewMotion, which has produced more than 30,000 private …

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BLM Sued to Invalidate Nine Colorado Oil and Gas Leases in Favor of Gunnison Sage Grouse

A Colorado lawsuit filed in Denver federal court on Tuesday alleges the U.S. Bureau of Land Management failed to consult with wildlife managers and complete endangered species reviews before selling leases in March, according to a report by The Associated Press.

The lawsuit — filed by San Miguel County, Rocky Mountain Wild, San Juan …

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Williams to Announce Third Quarter 2017 Results on November 1

Tulsa-based Williams and Williams Partners plan to announce their third-quarter 2017 earnings on Wednesday, November 1, 2017.

The company and the partnership will host a joint Q&A live webcast on Thursday, November 2 at 8:30 a.m. CST. A limited number of phone lines will be available at (877) 830-2641. The conference ID is 8089866.

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Williams to Process Gas for Southwestern Energy, Expand Oak Grove Plant

Tulsa’s Williams Partners L.P. announced an agreement with Houston-based Southwestern Energy Company to expand its services in the Appalachian Basin of West Virginia where Williams has established a strong operational footprint, according to a company press release issued on Thursday.

The agreement allows Williams to deliver gas processing, fractionation and liquids handling services in …

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WTI and Brent Crude Take a Dive on Thursday

After advancing for the past few days, oil futures retreated on Thursday despite a larger-than-expected drawdown of crude supplies, according to a report by Bloomberg MarketWatch.

On the New York Mercantile Exchange, November West Texas Intermediate crude fell 70 cents, or 1.4%, to settle at $50.60 a barrel.

December Brent crude, the global benchmark, dropped …

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