Author's posts
Rig Counts Increase in Oklahoma and the U.S.
The number of oil and gas rigs in Oklahoma and across the U.S. increased in the past week. Oklahoma’s count went up by 2 to reach 128 while the national count increased by 5 to hit 1,008. The number of oil rigs nationally increased by 7 to hit 815 while the total in gas rigs …
Oil and Gas Industry is Improving—-Fewer Bankruptcies
A Dallas law firm that’s made a national reputation for handling and tracking bankruptcies of oil and gas companies says it expects a modestly improved outlook for the industry in 2018. Haynes and Boone, LLP is out with its survey of oil and gas borrowers and lenders. Entitled “Borrowing Base Redeterminations Survey: Spring 2018,” the …
Is Cushing Crude Oil Hub Losing its Influence and Clout?
While the massive Cushing crude tank farm has been a source of pride in Oklahoma, now there is talk that it might soon be drained of most of the crude it stores. Thanks to U.S. production that is straining pipeline and storage capacity, companies are spending millions in the construction of new pipelines to move …
Williams Wants Feds to Approve Expansion of East Coast Gas Line
Tulsa’s Williams Partners L.P.’s Transco has filed an application seeking federal government approval of an expansion of its Southeastern Trail gas line along the East Coast. The company filed with the Federal Energy Regulatory Commission asking for authorization of the $404 million project which will include another 7.7 miles of line in Virginia. The project …
Williams to Announce 1Q 2018 Earnings May 2
Tulsa-based Williams and Williams Partners plan to announce their first-quarter 2018 financial results after the close of the markets on May 2. The company and the partnership plan to host a joint Q and A live webcast the next day, Thursday May 3 beginning at 8:30 Central Time. In February, the companies reported fourth quarter …
Another New Fuel Line to be Built in Texas
Energy Transfer Partners, L.P. says its subsidiary is launching a binding open season to ship diesel fuel out of one area of Texas to the Midland, Texas area through the use of a proposed pipeline. The company is seeking shipper commitments from near Hebert, Texas using a proposed line that will have an initial capacity …
Former Aide Levels More Accusations Against Pruitt
Every day there’s a new story alleging one thing or another about Scott Pruitt, the man in charge of the EPA for the past year in the Donald Trump administration. The latest? A claim by a former deputy chief of staff to Pruitt that he wanted to fly on an airline not on a government-approved …
Wind Leader Accuses Legislators of Creating Punitive Punishment Against Industry
A bill targeting Oklahoma’s wind industry is set to be brought up in the Oklahoma House on Tuesday, prompting one wind industry spokesman to issue a call to arms by rural Oklahomans saying they will be the ones harmed if the measure becomes law. “We are at the breaking point now with the wind industry,” …
Houston Company Files Reports on 26 completed Wells in Kingfisher county
When it rains, it pours. Unless you live in northwest Oklahoma. But checking and reviewing the latest oil and gas permits from the Corporation Commission, Houston-based Oklahoma Energy Acquisitions filed 26 completion reports for Kingfisher County. A review of the reports indicated production of the STACK wells ranged from a high of 656 barrels of …
Completion Reports for April 5-11
Here is the Weekly Completions Report. The table below provides a summary of the Completion tickets (Form 1002A) that have been published between April 5th and close of business on April 11th. The table includes the Initial Production data for Oil (b/d), Gas (MCF/d) and Water (b/d). There are two links in the table: – The SPOT …