While the U.S. oil and gas rig count slipped by one in the past week, Oklahoma’s count remained at 121. Reports from Baker Hughes Co. and the Independent Oil and Gas Service show the national count is 930. The count includes a drop of 4 oil rigs to 747 while the number of gas-drilling rigs …
Oklahoma’s STACK has given Harold Hamm and his Continental Resources an early Christmas gift in the form of 8 Blaine County wells with production on each well ranging from a thousand barrels a day all the way up to more than 2,400 barrels a day. As reflected in the latest well completion reports listed …
The USDA’s highlighting the $40 million in financial support it gave to communities and states in the past year including $1 million to the city of Stigler. Ag Secretary Sonny Perdue aid the millions were used to help construct or improve infrastructure and boost economic growth in rural communities. The money for Stigler went to …
The money’s flowing as much as the oil when it comes to the Permian Basin in West Texas. Oasis Petroleum in Houston is paying nearly $1 billion for thousands of acres in the Delaware Basin. The purchase from Forge Energy based in San Antonio involves 20,300 net acres. It is a $946 million deal including …
After coming out of bankruptcy in the past year, Houston-based Linn Energy is dividing itself into three standalone companies with one of them focusing on the oil and gas plays in Oklahoma. The division came after Linn came out of an $8.3 billion bankruptcy as two companies, Linn and Berry Petroleum. But now, Linn is …
Scientists at Stanford University claim they have devised a way of detecting thousands of faint, previously missed earthquakes triggered by fracking. It’s a claim that could have a profound impact in Oklahoma where thousands of earthquakes have been recorded in the last several years, prompting state regulators to control wastewater injection wells. Only in one …
Tulsa’s WPX Energy says it will discuss its fourth-quarter and full-year 2017 financial and operations results during a webcast on Fe. 22, 2018. Chief Executive Officer Rick Muncrief, Chief Operating Officer Clay Gaspar and Chief Financial Officer Kevin Vann will discuss the company’s performance on that Thursday morning. Investors can access the event at …
A natural gas line exploded Thursday afternoon in Kingfisher but no one was injured in the incident. The road was damaged in the explosion that happened south of 2880 Road and 810 Road intersection. A 15-foot section of the road was damaged in the blast and authorities closed 2880 Road due to the damage. The …
The Oklahoma Water Resources Board has come through a State Auditor’s Operational Audit with only a few recommendations of changes in the way it manages money. Released Thursday, the operational audit covered July 1, 2014 through Dec. 31, 2016. One recommendation indicated revenues were at risk “due to inadequate segregation of duties.” The auditor …
Oklahoma U.S. Sen. Jim Inhofe continued his criticism this week of why the U.S. continues to lag behind in the permitting process for more nuclear power plants in the country. He made clear his opinion at a hearing held by the Senate Committee on Environment and Public Works where Nuclear Regulatory Commission chairman Kristine …