Harvey Creates Issues for Texan Oil Industry
The catastrophic flooding and high-velocity winds accompanying Hurricane Harvey had overarching effects on both residents and businesses in the Gulf Coast area, particularly in Texas....
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Oklahoma City Firm Plans to Pioneer Drilling of Two-Mile Horizontal Well
Due to legislation that was part of Senate Bill 867, companies can now begin drilling two-mile long horizontal wells in non-shale rock layers in Oklahoma....
Texas Petro Index Increases for Eighth Straight Month
On Wednesday, August 23, the Texas Alliance of Energy Producers released their Texas Petro Index (TPI) analysis for July, the results of which showed a...
Texas Oil Producers Driving Oil Markets, Leaving OPEC Confounded
Sizable year-over-year improvements in the rig count, drilling permits, and the value of Texas-produced crude oil and natural gas, along with renewed industry employment growth...
$3.8 Billion O&G Acquisition Organized By Former Anadarko CEO
The former CEO of Anadarko Petroleum Corp James Hackett has returned to the energy industry as a chief executive. Hackett has been serving as the...
Continental Resources Ups Production Expectations for the Year
Oklahoma City-based Continental Resources Inc. reported their 2017 second quarter financials on August 8, 2017 and updated their guidance for the remainder of the year....
EIA Forecast and OPEC Meeting Move Oil Price
The oil market continues to experience price volatility as shifting variables test investors’ fortitude. An August 8 OPEC meeting and the Energy Information Administration’s (EIA)...
Devon Energy Sells $340 Million of Assets
Oklahoma City-based Devon Energy Corp. announced on July 31 that it had entered into an agreement to sell what it considers to be non-core assets...
LOGA Highlights Importance of Relationship with O&G Industry
To demonstrate the importance of the oil and gas industry to the state of Louisiana, the Louisiana Oil and Gas Association (LOGA) released a statement...
ConocoPhillips Releases Financial Report for Second Quarter
ConocoPhillips—its latest financial report released on July 27—reported a significant step forward in the move to meet financial and operational goals. The Houston, Texas-based firm...