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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
A record $12.5 million fine for nearly 1,500 violations has been leveled against an oil company in California. Greka Oil and Gas, a Santa Maria-based company with a long history of safety violations and regulatory lapses was fined in part for lying in more than 350 reports. It also failed to conduct regular pressure testing …
Colorado’s biggest oil and gas operator, Anadarko Petroleum Corp. says it has returned nearly half of its vertical wells in the state to operation following a deadly natural gas explosion in thee Denver suburb of Firestone. Immediately after the blast that killed two men and injured a woman, Anadarko shut down all of its wells …