By Jamison Cocklin, January 24, 2018 - Natural Gas Intelligence
Three days after an explosion ripped through a Patterson-UTI Energy Inc. drilling rig in Oklahoma killing five men, an investigation is underway to determine what caused the blast.
Emergency management officials were preparing on Tuesday to hand the investigation to the Occupational Safety and Health Administration. The Oklahoma Corporation Commission and other federal and state agencies are expected to assist.
In our inherently dangerous business, rig accidents are what we fear the most. They usually end really bad. And it happened again today, January 23, 2018, 5 workers lost their lives - 3 of them were Oklahoman's. Our prayers go out to the families - there are no other words that matter.
- Chris Well Consulting
POSTED 12:16 AM, JANUARY 23, 2018, BY BILL MISTON, UPDATED AT 12:19AM, JANUARY 23, 2018
QUINTON, Okla. - State and county emergency management officials said a natural gas well fire in eastern Oklahoma was out and secure after an explosion injured one and left five workers unaccounted for Monday.
The explosion happened at a well site four miles southwest of Quinton, in Pittsburg County, shortly before 9:00 a.m. Authorities say there were 22 workers on the well site, which was being drilled by Houston-based Patterson-UTI Energy.
Oklahoma business briefs - Oklahoman Published: January 23, 2018 5:00 AM CDT
Canyon Creek Energy-Arkoma has announced it's added to its Arkoma Stack leasehold through the acquisition of 50,000 gross acres. Officials said the expansion came through the firm's deal to buy Quanah Energy.
by Nivedita Bhattacharjee & Liz Hampton for Reuters - Friday, January 19, 2018
HOUSTON Jan 19 (Reuters) - Schlumberger on Friday posted a fourth quarter loss on charges but beat Wall Street forecasts and gave an upbeat outlook, predicting its international operations would grow in 2018 for the first time in four years.
Schlumberger, the largest energy company so far to report results, is a bellwether for oilfield services and drilling. Its forecast for broad improvements this year on higher oil prices signals a stronger recovery for producers and service companies.
By Carlos Caminada and Elizabeth Fournier December 28, 2017, 4:12 PM CST Updated on December 29, 2017, 7:56 AM CST
SandRidge Energy Inc., succumbing to a campaign led by activist investor Carl Icahn, gave up on its proposed purchase of rival oil and natural gas explorer Bonanza Creek Energy Inc.
After consultation with its largest shareholders, the company’s board concluded it wouldn’t receive approval for the transaction at its planned special meeting, SandRidge said Thursday in a statement. SandRidge will reimburse as much as $3.7 million to Bonanza Creek for transaction-related expenses. The shares gained as much as 1.9 percent in after-hours trading.
January 19, 2018
Baker Hughes, a GE company has posted Weekly Rig Count reports.
Baker Hughes Rig Count: U.S. -3 to 936 rigs
By Jack Money of the The Oklahoman - Published in the Tulsa World on Jan 19, 2018
OKLAHOMA CITY - If you haven't heard of the Arkoma Stack yet, one local oil and gas executive predicts you will.
Nathaniel Harding, co-founder and president of Antioch Energy, told several hundred members and guests of the Rotary Club of Oklahoma City this week that the eastern Oklahoma play already has gotten some national exposure and that he expects more to come.
by Adam Wilmoth Published: December 10, 2017 5:00 AM CDT Updated: December 10, 2017 5:00 AM CDT
Activist investor Carl C. Icahn again has focused his attention on an Oklahoma City-based oil and natural gas company.
One of the country's best known corporate raiders, Icahn for more than three decades has targeted companies he believes to be undervalued or poorly managed. In recent interactions, Oklahoma City-based oil and natural gas companies have had mixed results from Icahn's efforts.
Icahn last month revealed he and his companies spent $82.2 million in October and November to buy 4.9 million SandRidge Energy Inc. shares, giving him control of a 13.5 percent stake in the Oklahoma City company and making himself its largest shareholder.
A magnitude 3.1 earthquake has shaken part of north-central Oklahoma.
The U.S. Geological Survey says the quake was recorded at 1:37 p.m. Sunday about 10 miles (17 kilometers) east of Hennessey in Kingfisher County. The temblor was recorded at a depth of two miles (3.5 kilometers).
Adhering to the normal winter rig slowdown, the number of U.S. oil and gas rigs in operation for the week ended Jan. 5 dropped by five to 924, according to Baker Hughes data. However, all five lost rigs came from the oil side of the ledger.
Rigs drilling for natural gas stood pat at 182, while the number for oil declined by five to 742. Even with the slowdown, the 924 rig total still marks a 39% increase over the 665 in operation during the same week of 2017.
Leslie Haines Executive Editor At Large, Hart Energy, Paul Hart Editor-In-Chief, Midstream Business Hart Energy Tuesday, January 2, 2018 - 6:00am
Sales abroad of crude oil, natural gas and petroleum products have reached more than 7 MMboe/d, representing a new industry for the U.S., according to Continental Resources Chairman and CEO Harold Hamm, who heads one of the nation’s largest independent oil and gas producers.
Crude oil exports alone may increase to 4 MMbbl/d by 2022, according to recent remarks by Enterprise Products Partners LP, as the world demands more light sweet crude. The problem is, the nation simply is not equipped to handle the potential outfl ow after a 40-year federal law that prohibited most crude sales abroad. The nation’s excellent midstream infrastructure was directed to bringing in and distributing oil supplies, not sending them out.
Published by Julie Parker on December 05, 2017
Continental Resources recently announced a record-setting density project in the SCOOP Woodford Condensate fairway. The Sympson 10-well project reportedly had a combined 24-hour peak of 47,701 BOE, an Oklahoma density unit record according to Continental. Although this project garnered the most attention, it was Continental’s 3rd 10-well density project in the SCOOP Woodford thus signaling the Company’s sustained confidence in the opportunity it sees in its assets there.